Gold Price Today: Significant Drop on Akshaya Tritiya
Severe fluctuations have been witnessed this week on gold price dropping from 1 lakh to 89,750 22K per 10g
Sudden drop has brought interest among buyers who were affected by the all-time high record last week.
Major difference can be witnessed in gold rate than yesterday as good news to investors.
Gold Price Today: Significant Drop on Akshaya Tritiya
Gold Price Today: After crossing Rs 1 lakh last week, the price of gold in India is now gradually reducing creating a positive environment to gold purchasers who were shocked by the all-time record the other week. Gold prices were skyrocketing amid the wedding season but on the occasion of Akshaya Tritiya, the gold price have further reduced.
As per India Bullion and Jewellers Association Ltd. (IBJA), 24-carat gold (excluding GST) is priced at ₹87,750 per 10 grams today, slightly down from ₹89,750 on Wednesday. Silver has fallen from ₹1,00,000 to ₹ ₹98,000 per kg with a major difference of -2000
Today’s gold rates for different purities including GST are:
- 995 purity (almost pure): ₹95,730 per 10g
- 916 purity (22-carat): ₹87,750 per 10g
- 750 purity (18-carat): ₹71,800 per 10g
Note: Hallmark numbers on gold jewellery indicate purity—like 999 for 24-carat, 916 for 22-carat, and 750 for 18-carat.
Gold is often regarded as a safe-haven investment. Good news for purchasers as gold prices are continuously falling in the domestic bullion market and have reduced on the occasion of Akshaya Tritiya 2025. Unexpected drop in gold prices has sparked mixed reaction, particularly among potential buyers due to the recent all time-high record last week. The demand for gold in India is expected to remain strong despite the potential risk.
Gold Price-City wise
Good news for purchasers: Major reduction in gold price
The prices vary based on taxes and local demand (city wise). Major metropolitan cities like Bangalore, Chennai, Hyderabad, Kolkata and Mumbai have experienced major drop in the gold price on the same occasion of Akshaya Tritiya 2025. Below are the latest city-wise updates per 10g excluding GST, TCS or other levies.
|
Cities |
24K | 22k | 18k |
|
Bangalore |
88,465 | 81,093 |
67,380 |
|
Chennai |
82,542 | 75,666 |
61,906 |
|
Hyderabad |
90,010 | 82,510 | 67,510 |
| Kolkata | 88,539 | 81,102 | 66,404 |
| Mumbai | 91,032 | 83,385 |
68,274 |
Why Sudden reduction in gold price?
In India, it has dip down on the occasion of Akshaya Tritiya 2025 and globally, since the geopolitical tensions have eased and significant bounce-back of the US dollar i.e. strengthening of US dollar which has contributed to the reduced demand of gold.
Fluctuations influenced by various global economic factors.
Recent Decline: Amid Easing Trade Tensions
Spot gold dropped 1.6% to $3,235.55 per ounce, while U.S. gold futures declined by 2.3% to $3,243.30. This downturn is attributed to a stronger U.S. dollar and easing global trade tensions.
Long-Term: Bullish Outlook
Despite the recent dip, analysts maintain a positive long-term outlook for gold. Goldman Sachs projects that gold prices could continue to rise, potentially surpassing $3,700 and even reaching $4,800 by mid-2026. The banks suggest that investors should consider hedging recession risks
India: factors such as geopolitical tensions, central bank purchases, and lower interest rates.
Due to easing trade tensions and a stronger U.S. dollar, gold prices have experienced a recent decline, and the long-term outlook remains positive. Factors such as central bank purchases, geopolitical tensions, and economic uncertainties continue to support gold’s appeal as a safe-haven asset. Investors should stay informed and consider these dynamics when making investment decisions.
Disclaimer: The recommendations made above are by market analysts and are not advised by the author. While every effort has been made to ensure the accuracy, readers are advised to verify current rates with official or local sources before making any financial decisions and to consult certified experts before making any investments.