KKN Gurugram Desk | On Saturday, 24 May 2025, gold prices witnessed a minor decline across various cities in India, including the national capital Delhi. This movement comes after global and domestic market pressures slightly influenced precious metal prices. Silver also saw a modest drop.

 Gold Prices on 24 May: City-wise Report

Delhi Gold Rate:

• 24 Carat Gold: ₹97,670 per 10 grams

• 22 Carat Gold: ₹89,540 per 10 grams

This marks a small dip compared to earlier this week when 24 Carat gold was nearing ₹98,300.

Mumbai, Chennai, Kolkata:

• 24 Carat Gold: ₹97,520 per 10 grams

• 22 Carat Gold: ₹89,390 per 10 grams

Hyderabad & Bengaluru:

• 24 Carat Gold: ₹97,520 per 10 grams

• 22 Carat Gold: ₹89,390 per 10 grams

Jaipur, Lucknow, Chandigarh:

• 24 Carat Gold: ₹97,670 per 10 grams

• 22 Carat Gold: ₹89,540 per 10 grams

Bhopal & Ahmedabad:

• 24 Carat Gold: ₹97,570 per 10 grams

• 22 Carat Gold: ₹89,440 per 10 grams

 MCX Gold Futures and International Market Trends

In Friday’s trading session on the Multi Commodity Exchange (MCX):

• Gold (June Delivery) closed with a gain of ₹527

• New rate: ₹96,063 per 10 grams

Global Market:

• In New York, gold surged by 1.07%, settling at $3,329.65 per ounce

This global uptrend has yet to fully reflect in India’s retail prices, suggesting possible upward movement in the coming week.

Silver Rate Today in India

Silver prices also experienced a marginal fall:

• Current average price: ₹99,900 per kilogram

• Delhi Sarafa Bazar: Price dipped ₹2,000, settling at ₹99,200/kg

• Indore Market (23 May): Silver fell ₹350 to ₹97,850/kg

The current correction in silver may offer a short-term buying opportunity for investors and jewellers.

 Why Are Gold Prices Falling?

1. Profit booking by short-term traders after recent highs

2. Fluctuations in global demand due to economic data from the US and Europe

3. Strengthening of INR (Indian Rupee) against USD

4. Domestic wedding season cooling off leading to reduced retail demand