On Friday, a mixed trend was seen in the prices of precious metals in the bullion market of the national capital. Gold price witnessed a decline and slipped to Rs 1.64 lakh per 10 grams, while Silver remained almost stable and stood at Rs 2.71 lakh per kg.
Business News: Big ups and downs were seen in the precious metals market in India on 23 May 2026. Due to pressure in domestic and international markets, the prices of both gold and silver declined. While there was a sharp decline in silver, gold prices also closed with a weak trend. This change is considered important for investors and jewelery buyers. A decline in the prices of precious metals has been recorded in both Delhi Bullion Market and Multi Commodity Exchange (MCX).
Gold and silver fall on MCX
On Friday, gold for June delivery fell by Rs 1,018 to close at Rs 1,58,588 per 10 grams on the Multi Commodity Exchange (MCX). It also fell to Rs 1,58,104 during the day. Similarly, a huge decline was also seen in silver for July delivery. Silver fell by Rs 3,283 to close at Rs 2,71,600 per kg.
It had fallen to Rs 2,69,500 during the trading session. It is worth noting that due to MCX being closed on Saturday, today’s prices will be valid only on the basis of Friday’s closing rate.
Latest rates of gold and silver according to IBJA
According to the Indian Bullion and Jewelers Association (IBJA), a decline in the prices of precious metals has also been recorded.
- 24 carat gold: ₹1,58,117 per 10 grams (without GST and making charges)
- Silver: ₹2,66,000 per kg
IBJA data reflects the average price of wholesale markets across the country, which is considered an important indicator for retail prices.
What was the situation in Delhi bullion market?
A fall in gold prices was also recorded in the bullion market of the national capital Delhi. By the time the market closed, 24 carat gold fell by ₹ 600 to ₹ 1,64,900 per 10 grams (including all taxes). The price of silver remained stable and remained at ₹ 2,71,000 per kg. According to experts, this fall has been seen due to instability in the global market and profit-booking by investors.
Comments are closed.