By Admin 
Gold-Silver Price Today on May 24: Today, Sunday, May 24, the prices of gold and silver in the country remain stable. Today being Sunday, Multi Commodity Exchange (MCX) is closed, hence no new changes are being seen in the market. Today, the price of 24 carat gold per 10 grams in the country is trading at around Rs 1,59,000 and silver per kg is trading at Rs 2,85,000.
Check city wise rates
| City | 24 carat price (per 10 grams) | 22 carat price (per 10 grams) |
| Kolkata | Rs 1,58,820 | Rs 1,45,585 |
| Delhi | Rs 1,58,760 | Rs 1,45,530 |
| Mumbai | Rs 1,59,030 | Rs 1,45,778 |
| Chennai | Rs 1,59,500 | Rs 1,46,208 |
| Bengaluru | Rs 1,59,160 | Rs 1,45,897 |
What is the price of silver?
Today the price of silver per kilogram in the country is approximately Rs 2,85,000 per kilogram i.e. Rs 285 per gram. However, in some cities like Delhi, Chennai the price has reached Rs 2,95,000 per kg.
There may be a reduction in gold bills
Due to the ongoing geopolitical tension in West Asia and global economic uncertainty, investors are turning to safe investments. As a result, a huge rise in gold prices is being seen this year. However, the gold jewelery bill may reduce in the financial year 2026-27 as the demand for physical gold is expected to fall to its lowest level in 10 years.
The quantity of gold purchased by retail jewelery buyers may decline as prices have reached record highs this year. According to the CRISIL report, although the sales volume – i.e. the quantity of gold sold – may decline in FY27, the total value of sales may still increase due to higher gold prices.
Gold prices rose by about 60% in 2025 and this rise is continuing in 2026 also. Adding to the difficulties of those buying gold jewellery, the Central Government has increased the import duty on gold and silver to stop the import of gold and support the weakening Indian rupee.
There may be a big decline in purchasing
The number of gold jewelery buyers declined by about 6%-7% in FY26 and is likely to further decline to 13-14% in FY27. According to CRISIL report, gold sales volume may fall to 620-640 tonnes in FY27 and may reach the lowest level in 10 years.
India imported about 720 tonnes of gold in FY26, leading to a foreign exchange outflow of $72 billion. Highlighting the impact of the increase in import duty, CRISIL said, “Sales volumes in the sector are expected to reach the lowest level in a decade, excluding the Covid-affected FY 2021.”
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