Gold Prices Drop Across India: Latest 22K and 24K Rates in Delhi, Mumbai, Chennai, and More

Gold prices in India witnessed a significant fall on Monday, April 28, 2025, pulling the rates below the ₹98,000 mark. The dip is largely attributed to easing global trade tensions and profit-booking by investors, offering a breather to buyers after weeks of soaring prices.

Gold Prices Take a Dip
Gold rates on the Multi Commodity Exchange (MCX) dropped by 0.13%, with 24K gold trading at ₹94,870 per 10 grams.

Silver prices also slipped by 0.49%, standing at ₹95,964 per kilogram.

Recently, gold had crossed the ₹1 lakh milestone for the first time, fueled by global economic uncertainty and fears of a US recession. However, the current correction is seen as a healthy pullback rather than a sign of weakness, with analysts suggesting it could present a fresh buying opportunity.

Latest 22K and 24K Gold Rates in Major Cities (April 28, 2025)

Here’s how gold prices are faring across key Indian cities:

Silver Prices Also Tumble

Silver prices have also taken a hit, trading at ₹1,01,800 per kilogram in Mumbai, according to GoodReturns.in.

Why Do Gold Prices Fluctuate?

Gold prices in India are influenced by several factors:

Global market trends

• Changes in import duties and taxes
• Fluctuations in currency exchange rates

Given gold’s cultural and financial significance in India - especially during weddings and festivals - keeping an eye on these daily movements is crucial for investors and buyers alike.

While today’s dip offers relief for buyers, experts suggest that the long-term sentiment for gold remains positive. Those planning to invest might find the current correction a timely opportunity to enter the market.