Gold and silver prices in your city, May 24: The prices of the yellow metal rose amid uncertainty over the United States economy and a weaker US Dollar (USD). With the volatility in the equities market, gold and silver have emerged as safe-haven investments, according to investors.
Considering the returns, gold prices have gained nearly 30 per cent year-on-year (YoY), and as an investment, it has returned 15 per cent CAGR since 2001. From 1995 onwards, gold has beaten inflation by over 2-4 per cent, according to data.
As gold prices rose significantly ahead of Akshaya Tritiya 2025, touching a record high of nearly ₹1 lakh per 10 gm, silver has gained the attention of investors. From Akshaya Tritiya 2024 to 2025, silver prices have risen 15.62%, while the five-year CAGR from April 2020 stood at nearly 20%, especially in 2021, when prices spiked 69.04%.
Investors should review their financial goals and requirements, and ideally consult a financial manager, before including these metals in their portfolio.
Gold, Silver Prices Today: Check Cost in India — May 24
The MCX gold index was at ₹96,400/10 gm at 8:30 am on Saturday, May 24, the official website showed. Meanwhile, MCX silver prices were at ₹97,935/kg, as per MCX data.
Further, 24-carat gold was priced at ₹96,850/10 gm, according to data on the Indian Bullion Association (IBA) at 8:30 am on May 24, while 22-carat gold was priced at ₹88,779 /10 gms. And, silver prices today are at ₹98,230/kg (Silver 999 Fine), as per the IBA website.
Here are the prices of gold and silver in your city today on May 24 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. It must be noted that for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
