New Delhi: Gold and silver prices opened lower in the market today, May 20, 2025. While Monday saw a slight rise in gold prices, this trend reversed on Tuesday, resulting in a modest decrease. This could present a favorable opportunity for investors to consider strategic investments. In India, gold has always been considered a safe and preferred investment, especially during periods of global market uncertainty.
Today's Gold Prices (per 10 grams)
Fluctuations were observed in the prices of 22-carat and 24-carat gold across major Indian cities. In Delhi, 22-carat gold is trading at ₹87,710 per 10 grams, while 24-carat gold is available at ₹95,670 per 10 grams. Similar prices are observed in major cities like Mumbai, Kolkata, Chennai, and Hyderabad, with 22-carat gold hovering around ₹87,560 and 24-carat gold around ₹95,520. Prices in Noida, Pune, and Ahmedabad are also within this range.
Silver Prices (per kilogram)
Silver prices also continue to fluctuate. In Delhi, Mumbai, and Kolkata, silver is selling at ₹98,100 per kilogram, while in Chennai and Hyderabad, the price is recorded at ₹1,09,100 per kilogram. The silver price has decreased compared to yesterday, which is considered a normal market response.
MCX Market Status
On the Multi Commodity Exchange (MCX), gold prices today rose by 0.19 percent, reaching ₹93,117 per 10 grams. Conversely, silver prices fell by 0.26 percent, settling at ₹95,250 per kilogram. This suggests some continued international demand for gold, while silver demand has decreased.
Reasons Behind the Decline in Gold and Silver Prices
The primary reason for the recent decline in gold prices is reduced global market tension. Late April saw gold prices surpass $3,500 per ounce, a significant high in recent years. Subsequently, prices have fallen by approximately $300 per ounce, now trading below $3,180. Experts suggest investors are increasingly drawn to equity markets and other investment options, impacting the demand for gold and silver.
Furthermore, a strengthening dollar and shifts in interest rates are also influencing gold prices. When the dollar strengthens, gold prices typically fall because gold becomes more expensive in foreign currency.
Is This the Right Time to Invest?
Falling prices may present a good opportunity for those considering investing in gold or silver, especially for long-term investors. Gold has historically been considered a safe haven asset, particularly during economic uncertainty.
However, it is crucial to consult a financial advisor before investing to ensure decisions align with your budget and investment goals.
How to Find Gold and Silver Prices in Your City?
Gold and silver prices fluctuate daily. To obtain the latest rates for your city, rely on reputable websites or market updates. This will enable you to make more informed buying and selling decisions.
