Gold Rate 23 May: Bullion market shaken amid US-Iran talks, find out how much 24 and 22 carat gold has become cheaper in your city Gold Price Today: Gold fell face down from record high, huge fall from Delhi to Mumbai; See today’s latest price

The record-breaking rise in gold prices that has been going on for a long time in the domestic and global bullion market has now been put to a hard halt. Today, on the morning of 23 May 2026, a significant decline has been recorded in the prices of both precious metals, gold and silver, in the Indian markets. In the bullion market of the capital Delhi, the price of 24 carat pure gold has fallen to ₹ 1,59,630 per 10 grams, while in the financial capital Mumbai too, it has slipped to ₹ 1,59,480 per 10 grams.

A day before this, a partial softening of ₹ 600 was seen in gold of 99.9 percent purity in the spot bullion market of Delhi, after which the price was around ₹ 1,64,900, but today there has been a big fall in it due to global cues. Talking about the international market, spot gold is trading under pressure at the level of $ 4,522.32 per ounce.

Market’s eyes are on global diplomacy and Hormuz Strait

According to commodity market analysts, the biggest reason behind the current decline in gold prices is the ongoing diplomatic stir at the international level. In view of the upcoming talks between America and Iran, big investors are adopting a very cautious attitude (Wait and Watch) at this time.

Main focus of the market: What is the solution to prevent a severe war situation in the Middle East (West Asia) from the end of February 2026, and the most important sea routes for global oil and gas transportation? Strait of Hormuz But big businessmen around the world are keeping a close eye on what agreement is reached between countries. Apart from this, changes in the prices of crude oil in the international market and the fluctuating position of the Indian rupee against the US dollar are also affecting the prices of gold.

Today’s gold rate in main cities of the country (23 May 2026)

According to the latest data of Indian bullion market, the price of 22 carat and 24 carat gold per 10 grams in major cities of the country is as follows:

There was a huge softening in the prices of silver also; slipped below record high

Following the footsteps of gold, silver prices in the country have also seen a sharp correction and decline this morning. On the morning of 23 May, the price of silver fell in the Indian markets. ₹2,84,900 per kg Has reached the level of.

It is noteworthy that in the month of January 2026, due to industrial demand and global uncertainty, the price of silver in the country has increased. ₹4 lakh per kilogram The historical and unprecedented figure of Rs. Compared to that record level, currently silver is getting cheaper by about ₹ 1.15 lakh. Current price of silver on global platform $75.87 per ounce But it is built. Bullion experts believe that if the news of peaceful resolution of the Middle East crisis remains positive, then some and partial recovery may be seen in the prices of precious metals in the coming days.