Gold Price Drops In India: 22k/100 Grams Gold Plunges Rs 3,500

Gold price today witnessed decline in India but headed for weekly gain amid softer US Dollar and rising worries over country’s fiscal outlook. 24K yellow metal prices today declined by Rs 380 to 97,530/10 grams and 24k/100 grams gold price stood at Rs 9,75,300 after fall of Rs 3800 on Friday. 22k gold price today slipped by Rs 350 to settle at Rs 89,400 while 22k/100 grams yellow metal prices are trading at Rs 8,94,000 after fall of Rs 3,500. On the other hand, 18k gold rate today fell by Rs 290 to Rs 73,150/10 grams and 18k/100 grams precious metal prices edged lower by Rs 2,900 to retail at Rs 7,31,500 on May 23, 2025.

24k, 22k, 18K Per Gram Gold Price Today

24k per gram gold price today shed Rs 39 to Rs 9,753, 22k per gram precious metal prices plunged by Rs 35 to Rs 8,940, and 18k per gram yellow metal slipped by Rs 29 to trade Rs 7,315.

Gold Price Drops In India, May 22: 22k/100 Grams Gold Plunges Rs 3,500

Spot Gold Price Today

Spot gold rallied 1.1% at $3,329.69 an ounce as of 0654 GMT. Yellow metal jumped 4% this week, its highest since April 7. Spot silver gained 0.3% to $33.16 an ounce, platinum jumped 0.9% to $1,091.43 and palladium fell 0.1% to $1,014.00, according to Reuters.

Gold Price Outlook

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “The weaker dollar and ongoing global geopolitical uncertainties have sustained investor interest in gold as a safe-haven asset. Market participants should brace for continued volatility, driven by dollar index fluctuations, rupee movement, and key macroeconomic indicators. This week’s U.S. Manufacturing and Services PMI, along with New Home Sales data, are expected to influence gold’s short-term direction.

The price range for gold in the coming days is likely to stay between ₹95,000 and ₹96,500, with traders advised to maintain a cautious stance amid global crosscurrents, added Jateen Trivedi.

Meanwhile, Reuters report added, “”This week, trade optimism has somewhat given way to worries about the U.S. fiscal situation, and the resulting hesitancy towards U.S. assets has put gold back in the frame with investors,” said Tim Waterer, chief market analyst, KCM Trade.

“Gold can likely maintain its foothold above the $3,000 level while tariff, U.S. debt and geopolitical (tension) remain swirling around financial markets.”

22k Gold Price In Last 5-Days In India (for 1 gram)

22k per gram gold price today declined by Rs 39, surged by Rs 45 on May 22, rallied by Rs 220 on May 21, declined by Rs 45 on May 20, and soared by Rs 35 on May 19.

Silver Prices Today In India

Silver prices registered decline on May 23, 2025 in India. 1 kg silver prices on Friday plunged by Rs 1000 to Rs 1,00,000. Meanwhile, 100 grams silver rates plunged by Rs 100 to Rs 10,000.

Silver Prices In Last 5-Days In India (1kg)

Silver prices today shed Rs 1000, surged by Rs 1000, gained Rs 3000 on May 21, plunged Rs 1000 on May 20, and zoomed by Rs 1000 on May 19.

Where Gold Prices Are Cheapest In The World On May 23, 2025?

22k per gram gold rates stood cheapest in England on May 23, 2025 at Rs 9,132 followed by Kuwait at Rs 9,216. Meanwhile, 22k per gram gold rate are highest in Nepal at Rs 10,193 followed by Singapore at Rs 9,683.

1 Gram Gold Rate In Key Metro Cities And States Of India On May 23, 2025

City	22K Gold Price Per Gram
Chennai Gold Price Today	22K gold rate is Rs 9,753
Mumbai Gold Price Today	22K gold price is Rs 9,753
Delhi Gold Rate Today	22K yellow metal price is Rs 9,768
Kolkata Gold Price Today	22K gold price is Rs 9,753
Bangalore Gold Price Today	22K gold rate is Rs 9,753
Hyderabad Gold Prices Today	22K gold rate is Rs 9,753
Kerala Gold Prices Today	22K gold rate is Rs 9.753
Gold Price In Lucknow Today	22K gold price is Rs 9,768
Patna Gold Rate Today	22K precious metal price is Rs 9,758

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.