Gold Prices Today in Your City – May 31, 2025: Full City-Wise Breakdown

Gold, a timeless investment and traditional safeguard against inflation, continues to attract attention as both an ornament and a safe-haven asset. With global economic uncertainties and domestic demand fluctuations, gold rates have been showing moderate volatility. As we step into the last day of May 2025, here’s a comprehensive city-wise snapshot of gold prices across six major Indian metros: Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi, and Kolkata.

Whether you're a trader, investor, or a buyer planning a wedding purchase, this daily guide provides clarity on the current market scenario and helps you stay ahead of price movements.

Gold Prices in Major Indian Cities on May 31, 2025

Prices are indicative and may vary depending on local jewellers and making charges.

City-Wise Insights

Mumbai

Mumbai, being the financial capital, typically mirrors international gold market movements closely. On May 31, 24K gold is priced at ₹93,778 per 10 grams, while 22K gold stands at ₹85,901. Despite recent price corrections globally, local demand has remained steady, keeping rates consistent.

Bengaluru

Bengaluru has seen a marginal uptick in gold rates, with 24K gold quoted at ₹95,255 and 22K at ₹87,254. A combination of festive pre-bookings and growing retail interest is keeping the metal's demand intact in the city.

Chennai

Traditionally a stronghold for gold buying, Chennai's prices are stable today at ₹94,332 for 24K and ₹86,408 for 22K. The southern region often sees strong cultural-driven purchases which support stable demand.

Hyderabad

In Hyderabad, the price of 24K gold is ₹93,962 per 10 grams, with 22K priced at ₹86,070. The city’s gold prices remain aligned with other southern cities, maintaining stability ahead of anticipated seasonal demand.

New Delhi

India’s capital shows a slightly firmer trend with 24K gold at ₹94,701 and 22K at ₹86,746. A combination of wholesale buying and retail jewelry demand appears to be lifting sentiment marginally.

Kolkata

Kolkata’s gold market remains consistent with broader trends, with 24K gold at ₹94,424 and 22K gold at ₹86,493. The city often sees varied pricing due to regional fluctuations in demand, but today the rates are steady.

Factors Impacting Gold Prices Today

Understanding why gold prices shift daily is key to making smarter investment or purchase decisions. On May 31, these are the prominent influencers:

Global Market Sentiment

Gold prices internationally are showing resilience amid persistent concerns around inflation and economic slowdown. Although U.S. dollar strength has capped gains, central bank buying and geopolitical tensions continue to offer upside support.

INR vs USD Exchange Rate

A weakening Indian rupee has slightly pushed up the cost of imported gold, contributing to the firmness in local bullion prices.

Demand Ahead of Wedding Season

As the traditional Indian wedding season continues, physical demand remains high, especially in regions like Tamil Nadu, Telangana, and Punjab.

Interest Rates & Inflation Outlook

The ongoing speculation about future rate hikes in the U.S. and other developed economies is affecting gold sentiment globally. In India, inflationary pressure still supports the narrative of gold as a hedge.

Investment Perspective: Should You Buy Gold Now?

While short-term traders may be wary of slight fluctuations, long-term investors continue to see gold as a reliable asset. With inflation still hovering above comfort zones and geopolitical tension providing macro uncertainty, gold remains a solid diversification tool.

If you are planning to buy gold in physical form for jewelry or investment (coins, bars), current levels offer a reasonable entry, especially with the possibility of a gradual rise through June if international cues remain supportive.

For digital gold and sovereign gold bonds, today's rates could be locked in, given the stability. Investors should look for lower premiums and consider staggered buying to average out entry prices.

Quick Tips for Gold Buyers

•  Always check purity levels (BIS Hallmark for physical gold).

•  Compare rates across jewellers before buying.

•  Be cautious about making charges, especially for 22K jewelry.

•  For investment, prefer 24K coins/bars or digital gold.

•  For safety and returns, sovereign gold bonds (SGBs) are a good option.

Outlook for June 2025

Analysts expect gold to remain range-bound between ₹92,000 to ₹96,500 per 10 grams in the first half of June, barring any global shock. Prices may firm up again in mid-June depending on the outcome of global central bank meetings and retail demand.

Seasonal trends also indicate potential upside during June–August due to monsoon-linked rural purchases and Raksha Bandhan demand toward the end of the season.

Closing Thoughts

Gold continues to hold its place in Indian households as both an emotional asset and a financial shield. Today’s prices reflect stability with a mild upward bias driven by global cues and domestic festive interest. Whether you’re purchasing for a personal occasion or as part of a diversified investment portfolio, keeping track of daily rates across cities like Mumbai, Bengaluru, Chennai, Hyderabad, Delhi, and Kolkata helps you make informed decisions.

Stay tuned daily for more updates on gold prices and commodity trends across India.