Gold Today Rate, 23 May: Check 18, 22 and 24 carat gold prices Chennai, Mumbai, Delhi, Kolkata and other cities
Gold holds immense cultural, emotional, and financial value for millions of Indians. On 23 May 2025, gold prices in India show mixed trends across various cities, reflecting global market cues and local demand shifts. Whether you’re planning to buy jewelry or looking to invest, knowing the latest 18K, 22K, and 24K gold prices is essential.
Let’s explore today’s gold rates in major Indian cities and what factors are influencing this movement.
🟡 Gold Price in India Today (23 May 2025)
Below are the updated prices for 18K, 22K, and 24K gold across key Indian cities:
| City | 18K Gold (per 10g) | 22K Gold (per 10g) | 24K Gold (per 10g) |
|---|---|---|---|
| Delhi | ₹46,300 | ₹56,800 | ₹61,950 |
| Mumbai | ₹46,150 | ₹56,600 | ₹61,700 |
| Chennai | ₹46,700 | ₹57,150 | ₹62,300 |
| Kolkata | ₹46,250 | ₹56,750 | ₹61,900 |
| Bengaluru | ₹46,400 | ₹56,900 | ₹62,000 |
| Hyderabad | ₹46,300 | ₹56,800 | ₹61,950 |
| Ahmedabad | ₹46,350 | ₹56,850 | ₹61,970 |
| Jaipur | ₹46,500 | ₹57,000 | ₹62,100 |
Note: Prices are indicative and may vary by jeweler and region. GST and making charges are extra.
🔍 What’s Driving Gold Prices Today?
Several global and domestic factors are influencing gold prices on 23 May. Firstly, international market trends are playing a crucial role. For instance, the US Federal Reserve’s rate outlook remains a key trigger. If interest rates stay high, gold becomes less appealing due to its non-yielding nature.
Secondly, geopolitical tensions — such as the ongoing unrest in Ukraine and the Middle East — are keeping gold in demand as a safe-haven asset. In addition, a strong dollar has put downward pressure on global gold prices, affecting local rates as well.
Moreover, domestic demand is shaping today’s prices. With the festival and wedding seasons in full swing, especially in southern states, demand for gold jewelry has remained robust.
Finally, the rupee-dollar exchange rate continues to influence pricing. Because India imports most of its gold, a weaker rupee increases import costs, which in turn pushes up local rates.
📊 18K vs 22K vs 24K Gold: What’s the Difference?
Understanding the difference between various gold purities helps consumers make informed choices. In general, 18K gold contains 75% pure gold and is often used for designer jewelry. On the other hand, 22K gold has 91.6% purity and is the preferred choice for traditional ornaments in India.
Meanwhile, 24K gold is 99.9% pure and is mainly used for investment purposes. However, it’s too soft for making wearable jewelry, so it’s rarely used for that purpose.
📊 Should You Buy Gold Today?
If you’re considering a gold purchase, today’s prices offer relatively stable entry points. While gold is traditionally seen as a safe investment, you should still assess timing, purity, and cost.
Additionally, spreading your purchase into small amounts or waiting for minor corrections can be a smart strategy. Thus, today’s rate could be a good opportunity for both investors and buyers preparing for future occasions.
📍 Regional Trends in Gold Prices
Although national trends affect gold rates, city-wise variations occur due to local demand and logistics. For example, Chennai often sees slightly higher prices because of cultural preferences and strong festive demand.
Conversely, cities like Mumbai and Delhi benefit from active trading hubs, leading to more competitive rates. Therefore, checking local prices before making a purchase is always wise.
🏦 Gold Investment Options in India
If you’re looking at gold beyond jewelry, here are your top investment choices:
- Gold ETFs – Easy to buy/sell on stock exchanges.
- Sovereign Gold Bonds (SGBs) – Issued by the RBI with 2.5% annual interest and capital gains exemption.
- Digital Gold – Offered by apps and platforms, backed by physical gold.
- Physical Bars & Coins – Good for traditional investors, but must consider storage and purity concerns.
