Massive Drop In Gold Rate in India Today;24K, 22K, 18K Gold Price Drop Sharply Before Akshaya Tritiya 2025

Gold prices in India today fell sharply just two days ahead of the major gold-buying festival, Akshaya Tritiya 2025, which will be celebrated on April 30 (Wednesday). The gold rate in India at the beginning of this week showed signs of weakness, following the global spot gold price trend.

Gold rates in India are mirroring international market movements. On Monday, spot gold prices retreated globally as easing U.S.-China trade tensions reduced the demand for safe-haven assets like bullion. Additionally, a stronger U.S. dollar exerted further downward pressure on gold prices.

The 24-carat gold price in India has now slipped from record highs, while the 22-carat gold rate has dropped below the critical Rs.90,000 per 10 grams mark. This sharp correction in gold rates today across India comes as a relief for buyers planning purchases during Akshaya Tritiya, traditionally considered an auspicious day for investing in gold and silver.

Gold Rate in India Today

As of Monday, April 28, the 22-carat gold rate in India slipped massively by Rs. 620 per 10 grams to cost Rs. 89,400 per 10 grams. While the 24-carat gold prices today dropped hugely by Rs. 680 and are currently at Rs. 97,530 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs 73,150, which dropped by Rs 510.

Similarly, the 100 grams of 22-carat gold stand at Rs 8,94,000 after decreasing Rs 6800. While the 24-carat gold price in India per 100 grams is now retailing at Rs. 9,753,000, which dropped by Rs. 6,800.

MCX Gold and Silver Futures Prices Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on June 5, 2025, also experienced a big decline today, trading at Rs. 94,805 after slipping 0.20%. Similarly, silver futures, with an expiry date of May 5, 2025, dropped today by 0.49% to trade at Rs 95,969.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored Huge in the gold rates in India today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on 25th April.

Silver Price Movement in India

Silver prices in India today also fell sharply, so 1kg of silver in India costs Rs. 1,00,500, which dropped by Rs. 1400. While 100g of silver rates in India cost Rs 10,040 after falling Rs 140.

Market Outlook for Gold Prices

"Gold rate in India fell at the end of a volatile week on Friday that saw prices notch a record before retreating, with signs some trade tensions may be easing. Bullion shed as much as 2.5%, dropping for the third time in four sessions. China is considering the suspension of its 125% tariff on some US imports, people familiar with the matter said. The gains have been supported by inflows into bullion-backed exchange-traded funds, as well as central-bank buying. Gold prices and silver prices are trading lower today on the international bourses. We expect precious metal prices on Indian bourses to trade range-bound to lower for the day, as gold prices fell further from last week's record high, as traders unwound positions on signs the metal's explosive rally may have run too hard and too fast." As per the Nirmal Bang Securities report.

Spot Gold Prices + Spot Silver Price Today

According to a latest report by Reuters, "Spot gold was down 0.8% at $3,292.43 an ounce, as of 0431 GMT. Bullion hit a record high of $3,500.05 on April 22. U.S. gold futures rose 0.2% to $3,303.70. Spot silver dropped 0.6% to $32.88 an ounce."