You can ask them as if you yourself werent that worried, like on a side topic that didnt capture your interest. like - oh hey mom btw have you noticed that grandpa has been asking repeated questions? is that normal?- By your description im surprised they havent noticed though.
Thats my suggestion. Adults can do a little more to help if there is something wrong. It may just be a lack of certain vitamins or minerals or some other bad habit that may be causing memory loss. By informing your parents you may even prevent the onset of an illness in your grandfather. so dont hold back.