With continued concerns about the U.S economy and the decaying dollar, investors are still searching for stability. In this context, both gold and silver have reaffirmed their values as core safe-haven assets. Demand for both metals has surged this week, with gold price increasing by almost 30% year-to-date and silver recording over 15% year-on-year gains since Akshaya Tritiya 2024.
Since 2001, gold has always outpaced inflation, boasting a CAGR of 15% and exceeding inflation by roughly 2–4% annually starting from 1995. On the other hand, silver also draws attention from investors due to a five-year CAGR of nearly 20%, mainly driven by a 69% increase in 2021.
Gold & Silver Rates Across Major Indian Cities – May 23, 2025
Let us now turn our focus to the current rate of gold and silver in Mumbai, Chennai, Kolkata, Hyderabad, Bengaluru, and New Delhi. Please note that these retail prices are subject to making charges, GST and local taxes.
Mumbai:
- Gold Bullion (24K): ₹96,200 /10 gm
- MCX Gold: ₹95,928 /10 gm
- Silver Bullion: ₹98,270 /kg
- MCX Silver (999 Fine): ₹98,221 /kg
Chennai:
- Gold Bullion (24K): ₹96,430 /10 gm
- MCX Gold: ₹95,879 /10 gm
- Silver Bullion: ₹98,510 /kg
- MCX Silver (999 Fine): ₹98,180 /kg
Kolkata:
- Gold Bullion (24K): ₹96,020 /10 gm
- MCX Gold: ₹95,879 /10 gm
- Silver Bullion: ₹98,100 /kg
- MCX Silver (999 Fine): ₹98,180 /kg
Hyderabad:
- Gold Bullion (24K): ₹96,300 /10 gm
- MCX Gold: ₹95,879/10 gm
- Silver Bullion: ₹98,380 /kg
- MCX Silver (999 Fine): ₹98,180 /kg
Bengaluru:
- Gold Bullion (24K): ₹96,280 /10 gm
- MCX Gold: ₹95,930 /10 gm
- Silver Bullion: ₹98,340 /kg
- MCX Silver (999 Fine): ₹98,210 /kg
New Delhi:
- Gold Bullion (24K): ₹96,030 /10 gm
- MCX Gold: ₹95,930 /10 gm
- Silver Bullion: ₹98,090 /kg
- MCX Silver (999 Fine): ₹98,210 /kg
What This Means for Investors:
Gold and silver serve as a security against economic instability and the depreciation of the dollar, earning them reliable assets. Notably, they act as safeguards against inflation and also serve brilliantly to diversify an investor’s portfolio making them preferable consuming materials.
With precious metals and their worth, it is crucial to integrate them into your existing financial plan. A qualified investment advisor can tailor these assets to fit your goals and level of risk.
For the most recent updates regarding gold and silver prices, commodities, and Indian markets, tune in to ICFM Radio.
Disclaimer: This document serves informational purposes only. The price in the market is volatile. It is recommended to speak to an expert in financial strategies before making investments.
