Gold prices in India rose today after falling for 4 days in a row. The rise comes as demand increases before Akshaya Tritiya 2025, a big Hindu festival. Many people believe that buying gold and silver on this day brings good luck and prosperity.
Earlier, falling gold prices gave some relief to buyers. But with today’s price rise, buying gold has become expensive again.
Interestingly, while gold prices rose in India, global gold prices dropped. Spot gold slipped by 0.8% to US$3,314.99 an ounce. U.S. gold futures also fell by 0.7% to US$3,325.10 an ounce. The fall happened because the U.S. Dollar became stronger and tensions between the U.S. and China cooled down, reducing the demand for gold worldwide.
Today, 100 grams of 24-carat gold cost ₹9,79,700, and 100 grams of 22-carat gold cost ₹8,98,000 in India.
Silver prices stayed mostly stable after a drop the previous day. Currently, 1 kg of silver costs ₹1,00,500, and 100 grams of silver cost ₹10,050.
At around 11:20 AM, gold futures on the Multi Commodity Exchange (MCX) were trading lower. Gold futures maturing on June 5, 2025, traded at ₹95,340, down by 0.71%. Silver futures, set to mature on May 5, 2025, were at ₹96,108, down by 0.37%.
| City | 18 Carat | 22 Carat | 24 Carat |
| Ahmedabad | ₹71,670 | ₹87,600 | ₹95,560 |
| Bangalore | ₹71,630 | ₹87,550 | ₹95,510 |
| Chennai | ₹71,780 | ₹87,730 | ₹95,710 |
| Delhi | ₹71,450 | ₹87,330 | ₹95,270 |
| Hyderabad | ₹71,690 | ₹87,620 | ₹95,580 |
| Kolkata | ₹71,480 | ₹87,370 | ₹95,310 |
| Mumbai | ₹71,570 | ₹87,480 | ₹95,430 |
| Pune | ₹71,570 | ₹87,480 | ₹95,430 |
| Surat | ₹71,670 | ₹87,600 | ₹95,560 |
As Akshaya Tritiya approaches, gold prices in India have risen, while global gold prices have dipped. Buyers should plan carefully, keeping the latest rates in mind. Whether investing in gold or silver, comparing city-wise rates can help make smarter buying decisions.
Read more on: Jewellers Roll Out Festive Offers Ahead of Akshaya Tritiya
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Apr 29, 2025, 12:41 PM IST
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