Gold prices today in your city: Stay updated with today’s gold and silver prices on May 24 in top Indian cities like Mumbai, Delhi, Chennai, Bengaluru, and more. Find out why prices are soaring and what it means for investors.
As the global economy continues to face uncertainty, precious metals like gold and silver are once again taking center stage for Indian investors. On Saturday, May 24, gold prices saw a noticeable uptick across India’s major metropolitan cities including Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, and Kolkata.
According to data from the Multi Commodity Exchange (MCX) and the Indian Bullion Association (IBA), both gold and silver rates have surged significantly amid a weakened US Dollar and volatile equities markets.
Gold Prices Today – May 24, 2025
At 8:30 AM IST, 24-carat gold was priced at ₹96,850 per 10 grams, while 22-carat gold stood at ₹88,779 per 10 grams, as per the IBA.
| City | Gold Bullion Price (₹/10 gm) | MCX Gold Rate (₹/10 gm) |
|---|---|---|
| Mumbai | ₹96,680 | ₹96,400 |
| Chennai | ₹96,960 | ₹96,400 |
| Kolkata | ₹96,550 | ₹96,400 |
| Hyderabad | ₹96,830 | ₹96,400 |
| Bengaluru | ₹96,760 | ₹96,400 |
| New Delhi | ₹96,510 | ₹96,400 |
Silver Prices Today – May 24, 2025
Silver continues to shine as well, with retail and investment interest spiking post Akshaya Tritiya. Today, Silver 999 Fine was priced at ₹98,230/kg.
| City | Silver Bullion Price (₹/kg) | MCX Silver Rate (₹/kg) |
|---|---|---|
| Mumbai | ₹98,060 | ₹98,000 |
| Chennai | ₹98,340 | ₹98,000 |
| Kolkata | ₹97,930 | ₹98,000 |
| Hyderabad | ₹98,210 | ₹98,000 |
| Bengaluru | ₹98,130 | ₹98,000 |
| New Delhi | ₹97,890 | ₹98,000 |
Why Are Gold and Silver Prices Rising?
Gold prices have surged nearly 30% year-on-year (YoY), with a strong historical CAGR of 15% since 2001. Silver, on the other hand, witnessed a 15.62% rise from Akshaya Tritiya 2024 to 2025, with an impressive five-year CAGR of 20%, notably peaking with a 69.04% jump in 2021.
The metals are gaining traction as safe-haven assets, especially during global financial unrest. Weakness in the dollar, high inflation, and market volatility are prompting investors to diversify their portfolios with gold and silver.
Should You Invest in Gold or Silver Now?
Experts recommend that investors should assess their financial goals, risk appetite, and investment horizon before entering the precious metals market. Consulting a financial advisor is strongly advised for building a balanced portfolio.
Whether you are looking at short-term gains or long-term wealth protection, gold and silver continue to offer robust returns that beat inflation and safeguard against market downturns.
Note for Buyers:
Retail gold and silver prices may vary due to making charges, local taxes, and GST, which are levied by individual jewellers.
Stay informed with [Your Website Name] for the latest updates on gold and silver rates across India. Bookmark this page and check daily for real-time pricing and expert insights.
More Stories
IDBI Bank Win Best Mobile Banking Services of the Year 2025 at India Banking Summit & Awards
Tesla Shares gain 7% After $152 Billion Selloff Despite Uncertainty Over Musk-Trump Truce
Tata and Dassault Aviation Sign Landmark Deal to Manufacture Rafale Jet Parts in India, Boosting Defence and ‘Make in India’ Goals