Gold and Silver Prices Decline Amid Tepid Demand: City-Wise Rates on May 20, 2025
On May 20, 2025, gold and silver prices in India witnessed a decline, influenced by subdued demand and prevailing market conditions.
📉 Gold Prices on MCX
- Gold June Futures: Opened at ₹92,965 per 10 grams, marking a decrease of ₹332 or 0.36% from the previous close.
This downward trend reflects a cooling in investor sentiment, possibly due to global economic factors and currency fluctuations.
📉 Silver Prices on MCX
- Silver July Futures: Traded at ₹95,172 per kilogram, down by ₹281 or 0.29%.
The dip in silver prices aligns with the overall softness in the precious metals market, influenced by similar factors affecting gold.
🏙City-Wise Gold Rates (Per 10 Grams)
|
City |
22K Gold (₹) |
24K Gold (₹) |
|
Delhi |
88,300 |
92,720 |
|
Mumbai |
88,300 |
92,720 |
|
Chennai |
87,950 |
92,350 |
|
Kolkata |
88,300 |
92,720 |
|
Hyderabad |
88,300 |
92,720 |
🏙City-Wise Silver Rates (Per Kilogram)
|
City |
Silver Price (₹) |
|
Delhi |
96,000 |
|
Mumbai |
96,000 |
|
Chennai |
96,280 |
|
Hyderabad |
96,150 |
|
Ahmedabad |
96,030 |
Note: Silver prices are subject to change based on market dynamics and local factors.
📊 Market Outlook
The current decline in gold and silver prices presents potential buying opportunities for investors and consumers. However, market participants are advised to stay informed about global economic indicators, currency movements, and geopolitical developments that could influence precious metal prices.
Disclaimer: The above information is for educational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
