Gold prices in India experienced a significant decline today, just two days prior to the major gold-buying festival, Akshaya Tritiya 2025, scheduled for April 30 (Wednesday). At the beginning of this week, gold rates in India indicated a downturn, following trends observed in the global spot gold market.
As of Monday, April 28, the price of 22-carat gold in India dropped notably by Rs. 620 per 10 grams, bringing the cost to Rs. 89,400 per 10 grams. Meanwhile, the price for 24-carat gold saw a substantial decrease of Rs. 680, currently priced at Rs. 97,530 per 10 grams. Likewise, the rate for 18-carat gold today stands at Rs 73,150, reflecting a reduction of Rs 510.
The gold prices in India are closely following trends in the international market. U.S. gold prices fell on Tuesday as easing trade tensions between the U.S. and its trading associates reduced the metal’s appeal as a safe investment, while investors are looking forward to upcoming U.S. economic reports to evaluate the Federal Reserve’s future policies. As of 0619 GMT, spot gold was down by 0.8% at $3,314.65 per ounce, while U.S. gold futures decreased by 0.7% to $3,324.20.