April 28, 2025 | India —
Gold prices in India have witnessed a notable correction ahead of Akshaya Tritiya, a key gold buying festival. After touching record highs earlier this month, the yellow metal has slipped by nearly ₹4,300 in just a few days, sparking interest among investors and consumers alike.
📈 Current Gold Prices (April 28, 2025)
- 24K Gold: ₹98,210 per 10 grams
- 22K Gold: ₹90,020 per 10 grams
- 18K Gold: ₹73,650 per 10 grams
Compared to the record levels of over ₹1,02,500 per 10 grams recorded last week, today’s rates represent a significant drop, offering a potential entry point for new buyers.
🔥 What’s Driving the Correction?
Several factors have contributed to the recent decline in gold prices:
- Global Cues: International gold prices have softened slightly as investors await key economic data from the US, influencing domestic trends.
- Profit Booking: After a steep rally, many traders are locking in profits, causing temporary price pressure.
- Currency Movements: A strengthening rupee against the dollar has also made gold imports cheaper, helping ease local prices.
🛍️ Akshaya Tritiya Boost
With Akshaya Tritiya falling on April 30, jewelers and investors are closely watching the price movements. Traditionally considered highly auspicious for buying gold, this festival is likely to fuel demand, especially given the recent price dip.
“The correction has come at a perfect time for retail buyers,” said a Mumbai-based jeweler. “We expect a surge in purchases over the next few days.”
💡 Should You Buy Gold Now?
Experts suggest that while short-term volatility remains possible, gold continues to be a strong hedge against inflation and global uncertainty.
- For long-term investors: This dip could be an attractive opportunity to accumulate gold at lower prices.
- For festive buyers: With demand expected to rise, waiting could lead to higher prices closer to Akshaya Tritiya.
However, buyers should also keep an eye on international market trends and currency fluctuations in the coming days.
🏙️ Latest City-Wise Gold Rates
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) |
|---|---|---|
| Mumbai | 90,020 | 98,210 |
| Delhi | 90,180 | 98,370 |
| Chennai | 90,500 | 98,800 |
| Kolkata | 90,100 | 98,290 |
| Bengaluru | 89,950 | 98,140 |
📢 Conclusion
Gold prices have corrected sharply just before one of the biggest gold buying festivals in India. For those looking to invest or buy gold jewelry, this price dip presents an appealing window. However, staying updated with market trends is essential before making large purchases.
Disclaimer: This article is intended for educational purposes only. The insights and views expressed are not financial advice and should not be considered as such. We recommend that investors seek guidance from certified financial advisors before making any investment decisions, as market conditions can fluctuate and individual circumstances may differ.
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