Gold and silver prices witnessed fresh movement in the domestic bullion market on May 23, with retail rates of 24K and 22K gold showing a steady trend across major cities like Delhi, Mumbai and Kolkata. Precious metals continued to attract attention from both investors and jewellery buyers amid changing global economic conditions.

According to market analysts, rising uncertainty in international markets and steady demand for safe-haven assets have helped support gold prices. At the same time, ongoing wedding season demand in India has kept jewellery purchases active, adding strength to the domestic market.

Gold Rates Remain Firm

Retail gold prices in Delhi showed a mild upward trend, while Mumbai and Kolkata also reported stable to slightly higher rates for both 24K and 22K gold. Jewellers believe that further fluctuations may depend on global cues, currency movement and upcoming economic data from major economies.

Silver Continues to Gain Attention

Silver prices also stayed strong, with 999 purity silver trading at higher levels in several cities. Experts say industrial demand and positive commodity market sentiment are supporting silver’s momentum. Many investors are now considering silver as an alternative investment option alongside gold.

Buyers Advised to Track Latest Rates

Experts recommend checking updated retail prices before making any purchase decision. Customers are also advised to buy only hallmarked jewellery and certified silver products to ensure purity and quality. Making charges and GST should also be considered while calculating the final purchase cost.

With global economic uncertainty still present, analysts believe gold and silver prices may continue to witness volatility in the coming days, keeping the bullion market active and closely watched by investors.