India, May 23 -- India's gold market cooled marginally on May 23, 2026 after a sharp rally earlier this month, yet investor appetite for bullion remains firm while domestic prices slipped by just Rs.1 per gram across major purity categories, reflecting cautious global sentiment and profit booking after gold touched historic highs above Rs.1.64 lakh per 10 grams in Delhi's retail market.

Globally, traders are closely watching the US dollar, Treasury yields, oil prices and geopolitical tensions surrounding the Strait of Hormuz despite short-term weakness, analysts believe inflation concerns and central bank buying could continue supporting gold in the medium term.

Domestic Gold Prices (India) - 23 May 2026

Note: Final purchase prices at ...