Gold Prices Today on 23rd May: Marginal Decline in Gold Rates Across Indian Cities

Gold prices in India took a slight dip on Friday, 23rd May 2025, breaking the recent pattern of modest gains seen earlier in the week. Both 22K and 24K gold have recorded small decreases in their per gram rates, reflecting minor corrections in the domestic market. According to the latest figures, the price of 22K gold stands at ₹8,940 per gram, while 24K gold is currently available at ₹9,753 per gram.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Cost of Gold in India Ease Marginally on 23rd May 2025

As of 10:34 AM on 23rd May, gold rates today have softened across major Indian markets. Compared to the previous day, 22K gold has decreased by ₹35 per gram, while 24K gold is down by ₹38 per gram. Here is the latest gold rate snapshot from key cities:

• Gold Price Today in Mumbai: 22K gold is priced at ₹8,940 per gram and 24K gold is available at ₹9,753 per gram.
• Gold Price Today in Chennai: Rates remain aligned with national averages, at ₹8,940 for 22K and ₹9,753 per gram for 24K.
• Gold Price Today in Bangalore: Similar to Mumbai, the price of 22K gold is ₹8,940, while 24K gold costs ₹9,753 per gram.
• Gold Price Today in Hyderabad: The trend is consistent in Hyderabad, with 22K gold at ₹8,940 and 24K gold at ₹9,753 per gram.
• Gold Price Today in Kerala:Gold prices mirror the national trend—₹8,940 per gram for 22K and ₹9,753 for 24K gold.
• Gold Price Today in Delhi: A slight variation is observed in the capital, where 22K gold is at ₹8,955 per gram and 24K gold is priced at ₹9,768 per gram.
   

Recent Gold Price Movements in India

Gold prices have shown mixed trends over the past few sessions. Here’s a brief look at how rates have shifted recently:

• May 23: Gold prices edged lower, with 22K at ₹8,940 and 24K at ₹9,753 per gram.
• May 22: A modest rise was seen in gold prices, with 22K at ₹8,975 and 24K at ₹9,791 per gram.
• May 21: Gold rates continued upward movement brought 22K gold to ₹8,930 and 24K to ₹9,742 per gram.
• May 20: A small correction placed 22K at ₹8,710 and 24K at ₹9,502 per gram.
• May 19: Gold rates improved slightly with 22K at ₹8,755 and 24K at ₹9,551 per gram.
   

Market Outlook

The slight dip in gold prices on 23rd May is possibly a brief pause in momentum as traders watch for stronger global cues. Factors such as international interest rate expectations, geopolitical developments, and currency movements remain crucial in determining the short-term direction of gold prices. For buyers and investors, keeping an eye on daily fluctuations continues to be important for timely decisions.