Precious metal prices showed a mixed trend in the national capital’s bullion market on Friday, with gold prices declining while silver remained largely stable. Gold slipped to ₹1.64 lakh per 10 grams, while silver held near ₹2.71 lakh per kilogram.
India’s precious metals market witnessed volatility on May 23, 2026, amid pressure in domestic and international markets, resulting in declines in gold and silver prices. Silver registered a sharp decline, while gold closed on a weaker note. Price declines were recorded in both the Delhi bullion market and the Multi Commodity Exchange (MCX).
On the Multi Commodity Exchange, gold for June delivery closed ₹1,018 lower at ₹1,58,588 per 10 grams on Friday. During the trading session, the contract declined to an intraday low of ₹1,58,104 per 10 grams. Silver for July delivery also recorded a decline, falling ₹3,283 to close at ₹2,71,600 per kilogram.
During the trading session, silver dropped to ₹2,69,500 per kilogram. As MCX remains closed on Saturdays, prevailing rates will remain based on Friday’s closing prices.
According to the Indian Bullion and Jewellers Association (IBJA), precious metal prices also declined.
Twenty-four-carat gold was quoted at ₹1,58,117 per 10 grams, excluding GST and making charges, while silver was priced at ₹2,66,000 per kilogram.
IBJA data reflects average wholesale market prices across the country and is considered an important indicator for retail pricing.
In Delhi’s bullion market, gold prices also declined. By market close, 24-carat gold fell ₹600 to ₹1,64,900 per 10 grams, inclusive of all taxes. Silver prices remained stable at ₹2,71,000 per kilogram. According to experts, the decline was driven by volatility in global markets and profit-booking by investors.
