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Gold prices in India fell for the fourth day, with 22-carat gold at Rs 89,340 per 10 grams and 24-carat at Rs 97,470 in Mumbai. Silver dropped by Rs 100 to Rs 99,000 per kg.
Gold Price Today, May 29.
Gold Rates Today In India, May 29: Gold prices extended losses to a fourth straight day on Thursday, as reduced tariff risks diminished demand for safe-haven assets. In Mumbai, the price of gold stood at Rs 89,340 per 10 grams for 22-carat and Rs 97,470 per 10 grams for 24-carat.
The price of silver fell by Rs 100 to Rs 99,000 per kg in Mumbai.
On the MCX, gold was trading lower by 0.63 per cent to trade at Rs 94,673 per 10 grams. Silver was, however, trading marginally higher by 0.38 per cent to trade at Rs 97,628 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 29, 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 89,390 | Rs 97,520 |
| Patna | Rs 89,390 | Rs 97,520 |
| Mumbai | Rs 89,340 | Rs 97,470 |
| Hyderabad | Rs 89,340 | Rs 97,470 |
| Chennai | Rs 89,340 | Rs 97,470 |
| Bengaluru | Rs 89,340 | Rs 97,470 |
| Kolkata | Rs 89,340 | Rs 97,470 |
Silver Price In India Today (May 29, 2025)
The price of silver on Thursday fell by Rs 100 to Rs 99,000 per kg in Mumbai, according to goodreturns.in.
Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, “Gold and silver extended its fall in the international markets and break its important support level where gold fell below $3,260 per ounce and silver below $33 per ounce on Thursday (May 29), extending losses to a fourth straight day as reduced tariff risks diminished demand for safe-haven assets. The decline followed a US Court of International Trade ruling that President Trump exceeded his authority with reciprocal tariffs, ordering their permanent removal. The administration is expected to appeal.”
Meanwhile, Federal Reserve minutes revealed policymakers are taking a wait-and-see approach, noting heightened risks to both inflation and unemployment amid ongoing economic uncertainty. Additionally, US gold exports to Switzerland rose sharply in April after tariffs on precious metals were lifted, affecting global gold trade dynamics, he 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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