Gold price today plunged in India soon after US federal court blocked President Donald Trump’s reciprocal tariff that dented the yellow metal appeal coupled with strong dollar. 24k gold price today slipped by Rs 440 to Rs 97,040/10 grams and 24k/100 grams yellow metal prices stood at Rs 9,70,400 after decline of Rs 4,400 on May 29, 2025. 22K gold rate today fell by Rs 400 to settle at Rs 88,950/10 grams and 22k/100 grams precious metal prices edged lower by Rs 4,000 to trade at Rs 8,89,500 on Thursday. On the other hand, 18k gold rate today dived by Rs 330 to Rs 72,780/10 grams and 18k/100 grams shed Rs 3,300 to trade at Rs 7,27,800.
How Much Gold Prices Slipped This Week?
22k/10 grams gold price was retailing at Rs 89,900 on May 25, 2025. Today yellow metal prices for 22k/10 grams slipped to Rs 88,950, indicating a decline of 1.06% since beginning of this week.
24k, 22k, 18K Per Gram Gold Price Today
24k per gram gold price declined by Rs 44 to Rs 9704, 22k yellow metal rate today fell by Rs 40 to Rs 8,895, and 18k gold stood at Rs 7,278 after plunging by Rs 33.
Spot Gold Price Today
Spot gold declined 0.6% at $3,271.17 an ounce, as of 0618 GMT, after touching its lowest since May 20. spot silver surged 0.7% to $33.21 an ounce, platinum fell 0.2% at $1,073.15 and palladium gained 0.9% to $971.57, according to Reuters.
Why Gold Price Declined Today?
The Reuters report added, the U.S. court’s decision is the key news driver leading to a rally in the dollar, which subsequently pushed gold prices lower, said Nicholas Frappell, global head of institutional markets at ABC Refinery. Earlier last month on April 2, 2025 Trump imposed reciprocal tariffs on several nations, triggering apprehensions of a global recession. But, soon after one week these tariffs were paused.
What Will Drive Gold Prices Ahead?
According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “Gold prices traded weak in the first half of the session after the FOMC meeting minutes indicated that the U.S. Federal Reserve is unlikely to ease interest rates in the near term, maintaining a data-dependent stance. Additional pressure came from trade developments, as a U.S. court ruled against certain Trump-era retaliatory tariffs, further easing trade tensions.”
Comex gold fell to $3,250, down nearly $50 intraday, before rebounding to $3,290 on strong short-covering, highlighting continued investor uncertainty. The broader range remains volatile between $3,200 and $3,350 amid persistent tariff-related headlines. In the domestic market, MCX gold holds support near ₹94,000, with resistance around ₹96,500. Market participants will closely watch upcoming economic data Q1 GDP data, and the Core PCE Price Index and geopolitical cues for further direction,” added Jateen Trivedi.
22k Gold Price In Last 5-Days In India (for 1 gram)
22k per gram gold price today declined by Rs 40, remained steady on May 28, plunged by Rs 15 on May 27, declined by Rs 40 on May 26, and stood steady on May 25.
Silver Prices Today In India
Silver prices witnessed marginal fall on Thursday in India. 1 kg silver prices on May 29, 2025 declined by Rs 100 to Rs 99,900. Meanwhile, 100 grams silver rates slipped by Rs 10 to retail at Rs 9,990.
Silver Prices In Last 5-Days In India (1kg)
Silver prices today declined by Rs 100, stood unchanged on May 28, May 27, surged by Rs 100 on May 26, and remained flat on May 25.
Where Gold Prices Are Cheapest In The World On May 29, 2025?
22k per gram gold prices are lowest in England on May 29, 2025 at Rs 8,280 followed by Kuwait at Rs 8,318. On the other hand, 22k per gram yellow metal prices are highest in Nepal at Rs 9,365 followed by Malaysia at Rs 8,871.
1 Gram Gold Rate In Key Metro Cities And States Of India On May 29, 2025
| City | 22K Gold Price Per Gram |
| Chennai Gold Price Today | 22K gold rate is Rs 9,704 |
| Mumbai Gold Price Today | 22K gold price is Rs 9,704 |
| Delhi Gold Rate Today | 22K Gold rate is Rs 9,719 |
| Kolkata Gold Price Today | 22K gold price is Rs 9,704 |
| Bangalore Gold Price Today | 22K gold rate is Rs 9,704 |
| Hyderabad Gold Prices Today | 22K gold rate is Rs 9,704 |
| Kerala Gold Prices Today | 22K gold rate is Rs 9,704 |
| Gold Price In Lucknow Today | 22K gold price is Rs 9,719 |
| Patna Gold Rate Today | 22K precious metal price is Rs 9,709 |
(Gold price figures source: Goodreturns.in)
Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.
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