On May 23, 2026, the price of 24 karat gold in India is ₹15,948 per gram, while silver is priced at ₹284.90 per gram. The prices for gold and silver vary slightly across cities due to local market conditions, taxes, and jeweller charges. For instance, in Chennai, the price for 24 karat gold is the highest at ₹16,123 per gram, while Mumbai, Delhi, and Kolkata have similar rates around ₹15,948 per gram for gold. Gold is widely regarded as a safe-haven asset, particularly during inflation or economic volatility, making it a popular choice for investors looking to protect their wealth. Silver, on the other hand, is also seen as a valuable investment due to its industrial applications in electronics and manufacturing, which can drive demand and price fluctuations. Both metals serve as effective tools for portfolio diversification, often moving independently of equity markets, thus helping to mitigate risks during financial downturns. Overall, gold primarily offers stability and value retention, while silver presents opportunities for growth alongside its industrial uses.