Gold Prices Continue to Decline: Check Latest Rates for 22 and 24 Carat Gold in Major Indian Cities. Verify rates across all states before investing.
Gold Price Today: Gold prices in India have witnessed considerable fluctuation in recent days. While gold prices crossed ₹1 lakh per 10 grams a few weeks ago, they have now seen a slight dip. Prices for both 22 and 24 carat gold have decreased, offering some relief to investors and buyers.
Today's Gold Price (May 3, 2025)
Today, in Delhi, 22 carat gold is priced at ₹87,690 per 10 grams, and 24 carat gold is priced at ₹95,650 per 10 grams. Similar trends are observed in cities like Mumbai, Chennai, Kolkata, Lucknow, Jaipur, Bhopal, Ahmedabad, and Patna. Prices have fallen by approximately ₹100 to ₹150 across all these cities.
Reasons for the Decline in Gold Prices?
This decline in gold prices is attributed to international economic conditions and the potential changes in interest rates by the US Federal Reserve. Furthermore, the strengthening of the rupee against the dollar and stability in crude oil prices are also contributing factors. Investor interest is shifting towards safer assets, leading to a temporary decrease in gold demand.
Is This the Right Time to Invest?
Experts believe that if you are considering a long-term gold investment, the current price dip could present an opportunity. However, it is crucial to carefully analyze market conditions and consult a financial advisor before making any investment decisions.
Impact on Domestic Purchases
Considering the upcoming wedding and festival seasons, domestic gold demand has slowed slightly. Consumers are anticipating further price reductions before making significant purchases. This is reflected in the currently subdued activity in gold investment schemes offered by jewelers and banks.
