Gold Rate Today: 24K, 22K & Silver Rates Stay Flat On Sunday After Recent Fall; Check City-Wise Price, May 24

Gold Price In India Today observed no major momentum as the recent decline took a breather. Yellow metal this week remained mostly volatile and declined for two days before dropping a day before. On Sunday, gold rates in India are taking a breather, with no major movement recorded in early trade. Despite the decline previously, both the pure and standard gold are near the higher side in the bullion market.

Traditionally, the month of May observes strong gold and jewellery demand due to the wedding season. However, with gold prices in India hitting record highs earlier, buyers are now more cautious and postponing big jewellery purchases.

In the international gold market, spot gold is also under pressure as it pares its recent gains following a profit-booking session last week. Currently, spot gold prices are trading around USD 4509.64 per ounce.

Gold Rate in India Today, May 24

Since there is no movement in gold prices, on May 24, 22-carat gold rates in India are currently steady at Rs. 1,45,800 per 10 grams, while the 24-carat gold rates are at Rs. 1,59,060 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 1,19,290 per 10 grams.
Similarly, 100 grams of 24-carat gold rates are now priced at Rs 15,90,600, while the 22-carat gold today costs Rs 14,58,000.

Silver Rate in India Today

The silver rate in India today also observed no rise or fall and remained steady at yesterday's performance. Currently, 1 kg of silver costs Rs 2,85,000 while 100 g costs Rs 28,500.

Gold Price Outlook Ahead

"We expect precious metals prices on Indian bourses to trade range-bound to higher; as gold prices are on track for its biggest weekly climb in a month, as a slew of US tariffs came into effect and as President Donald Trump named a temporary Federal Reserve governor expected to echo his calls for lower interest rates. Bullion typically benefits in a lower-rate environment. The precious metal has climbed 30% this year, though the bulk of those gains occurred in the first four months as geopolitical and trade tensions rattled the market." As per Nirmag Securities.

MCX Gold Futures and Silver Futures Prices

At the end of trading on Friday, 22nd May, gold & silver futures on the Multi-Commodity Exchange settled higher. Gold futures prices on the MCX, maturing on June 5th, closed at Rs. 1,58,588 per 10 grams, up 0.06%. Similarly, silver futures expiring on July 3rd settled at Rs 2,71,600, which rose by 0.09%.

Spot Gold Prices + Spot Silver Price Today

According to goldprice.org, spot gold is currently at $4509.64, up by 0.69%, while spot silver is priced at $75.51, up by 1.10%.

City-Wise Gold Rates Today

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, observed no rise or fall. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of May 24

Gold Rates in Chennai

The 24-carat gold rate in Chennai stands at Rs. 1,60,690 per 10 grams, while the 22-carat gold retails at Rs. 1,47,300 per 10 grams.

Gold Rates In Bangalore

The gold rate in Bangalore for 24-carat is Rs.1,59,060 per 10 grams, and the 22-carat gold rate in Bangalore is Rs. 1,45,800 per 10 grams.

Gold Rates in Hyderabad

The 24K gold price in Hyderabad is Rs.1,59,060 per 10 grams, and the 22K gold rate there is Rs. 1,45,800 per 10 grams.

Gold Rates In Mumbai

The 22-carat gold rate in Mumbai is Rs.1,59,060 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs.1,45,800 per 10 grams.