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Gold prices in India drop by Rs 100 per 10 grams on May 28, 2025. In Mumbai, 22-carat gold was Rs 89,350, and 24-carat gold was Rs 97,480 per 10 grams.
Gold Price Today, May 28.
Gold Rates Today In India, May 28: Gold prices fell in India by nearly Rs 100 per 10 grams on Wednesday as investor sentiment shifted towards riskier assets. In Mumbai, the price of gold stood at Rs 89,350 per 10 grams for 22-carat and Rs 97,480 per 10 grams for 24-carat.
The price of silver, however, remains unchanged at Rs 1,00,000 per kg in Mumbai.
On the MCX, gold was trading lower by 0.42 per cent to trade at Rs 96,014 per 10 grams. Silver was, however, trading marginally higher by 0.04 per cent to trade at Rs 98,090 per kg in the morning trade.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 28, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 89,490 | Rs 97,620 |
| Jaipur | Rs 89,490 | Rs 97,620 |
| Ahmedabad | Rs 89,400 | Rs 97,530 |
| Patna | Rs 89,400 | Rs 97,530 |
| Mumbai | Rs 89,350 | Rs 97,480 |
| Hyderabad | Rs 89,350 | Rs 97,480 |
| Chennai | Rs 89,350 | Rs 97,480 |
| Bengaluru | Rs 89,350 | Rs 97,480 |
| Kolkata | Rs 89,350 | Rs 97,480 |
Silver Price In India Today (May 28, 2025)
The price of silver on Wednesday remained unchanged at Rs 1,00,000 per kg in Mumbai, according to goodreturns.in.
Aksha Kamboj, vice-president of the India Bullion and Jewellers Association and executive chairperson of Aspect Global Ventures, said, “Gold prices are currently trending lower as investor sentiment shifts towards riskier assets. However, several underlying factors could support a potential rebound from current levels. These include persistent concerns about the US economic outlook and the ongoing deadlock in the Russia-Ukraine conflict.”
Market participants are closely watching the release of the minutes from the latest US Federal Reserve policy meeting, which may offer clarity on the central bank’s future interest rate strategy. Another critical indicator this week is the US PCE inflation data due Friday, which is expected to influence the Fed’s rate outlook. Together, these developments and lingering geopolitical and economic uncertainties will play a crucial role in shaping gold price movements in the near term, Kamboj added.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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