Current Gold and Silver Prices in India (May 23, 2026)
Gold and silver price today in India (May 23, 2026) | Check city-wise rates
Mathrubhumi English
Image: Mathrubhumi English
As of 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. Prices vary slightly across different cities due to local market conditions and taxes. Both metals are popular for investment, offering stability and potential growth.
- 0124 karat gold is priced at ₹15,948 per gram, while 22 karat gold is ₹14,619 per gram.
- 02Silver is priced at ₹284.90 per gram and ₹2,84,900 per kilogram.
- 03Prices for gold and silver vary by city, with Chennai having the highest gold price at ₹16,123 per gram for 24 karat gold.
- 04Gold is viewed as a safe-haven asset during economic uncertainty, while silver has strong industrial demand.
- 05Both metals can help diversify investment portfolios, reducing overall risk.
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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.
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Investors and consumers in India can make informed decisions based on current gold and silver prices, which are crucial for purchasing jewelry or investing.
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