Gold Rate Today(May 23, 2026):Gold prices in India experienced fresh volatility on Saturday, 23 May 2026 as easing concerns around US-Iran talks triggered a decline in both domestic and international bullion markets. In Delhi’s bullion market, gold prices slipped to nearly Rs 1.64 lakh per 10 grams, including taxes, while futures prices on the Multi Commodity Exchange (MCX) also edged lower during morning trade. The June gold contract on MCX declined by Rs 91, or 0.06 per cent, to Rs 1,58,588 per 10 grams. In the previous session, the contract had settled at Rs 1,58,679 per 10 grams. According to the Indian Bullion and Jewellers Association (IBJA), the closing price of 24-carat gold stood at Rs 1,58,117 per 10 grams on Friday. Since bullion markets remain shut over the weekend, these rates will continue to apply on Saturday and Sunday as well.
Meanwhile, data from Goodreturns showed 24-caratgoldtrading at Rs 1,59,640 per 10 grams.
Despite the latest correction, gold remains significantly higher compared to earlier years. Notably, the yellow metal had touched a record high of Rs 1,80,779 per 10 grams in the futures market on January 29 this year.
Internationally, spot gold prices also weakened and slipped to $4,522.32 per ounce, reflecting cautious investor sentiment amid developments in West Asia.
24K, 22K, 18K Gold Rate In Delhi, Chennai, Mumbai And Other Major Cities
On Friday, gold prices in Delhi dropped by Rs 600 per 10 grams after witnessing gains for three consecutive trading sessions. Analysts linked the correction to reduced safe-haven buying after signs of progress emerged in discussions between the US and Iran.
At the same time, investors continued to stay cautious because of tensions surrounding the Strait of Hormuz, one of the world’s most important oil transit routes. Concerns over global crude oil supply and geopolitical uncertainty continue to influence bullion prices.
Gold futures also witnessed selling pressure. The June delivery contract on MCX fell by Rs 521, or 0.33 per cent, to Rs 1,59,085 per 10 grams amid weak spot demand. Globally, gold prices in New York declined 0.55 per cent to $4,517.94 per ounce.
Experts Explain Why Gold Market Remains Volatile
According to news agency PTI, Gaurav Garg, Research Analyst at Lemon Markets Desk, said that gold prices saw a slight decline on Friday. The recent fluctuations in the bullion market are mainly influenced by global tensions as well as the volatility of the Indian rupee and changes in crude oil prices.
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
