On May 29, 2025, gold prices took a significant dip, falling by ₹870 per 10 grams in the bullion market. Meanwhile, the price of silver witnessed an upward movement, rising by ₹218. Here’s everything you need to know about today’s market updates for gold and silver.
Gold Becomes Cheaper by ₹870
The price of 24 carat gold opened at ₹94,830 per 10 grams, excluding GST, a drop of ₹870 from yesterday’s rates. When GST (3%) is included, the price of 24 carat gold stands at ₹97,674 per 10 grams.
On the other hand, silver has experienced a price rise today. The rate of silver reached ₹97,664 per kilogram. After adding GST, silver is priced at ₹1,00,593 per kg. These rates have been provided by the India Bullion and Jewelers Association (IBJA), which releases the spot rates twice daily – once at 12 noon and again at 5 pm.
Gold Price Trends in Different Carat Types
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22 carat gold opened at ₹86,864 per 10 grams, falling by ₹797 from yesterday’s closing price of ₹87,661.
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23 carat gold saw a drop of ₹867, opening at ₹94,450 per 10 grams compared to ₹95,317 yesterday.
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18 carat gold also became cheaper by ₹652, with its new price standing at ₹71,123 per 10 grams, down from ₹71,775 yesterday.
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14 carat gold dropped by ₹509, bringing its price to ₹55,476 per 10 grams.
Gold Still Below Its All-Time High
Despite today’s drop, gold prices are still ₹4,270 cheaper than their all-time high. On April 22, 2025, gold hit a peak of ₹99,100 per 10 grams. However, since the start of the year, gold has increased by approximately ₹19,090 per 10 grams, while silver has gained ₹11,647 per kilogram.
On December 31, 2024, gold was priced at ₹76,045 per 10 grams, and silver was ₹85,680 per kilogram.
Factors Behind the Price Changes
The fluctuations in gold and silver prices are influenced by a variety of global and domestic factors, including the global economic conditions, demand and supply dynamics, and the performance of international commodity markets. These price changes can vary from city to city, with a possible difference of ₹1,000 to ₹2,000 in local markets.
Conclusion: What to Expect Moving Forward
The recent drop in gold prices may be a relief for buyers, but the market remains volatile, and silver is currently trending higher. If you’re considering making a purchase, it’s important to keep an eye on market movements, especially with IBJA releasing updated rates twice daily.
Gold and Silver Prices Today (May 29, 2025)
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24 Carat Gold (10g): ₹94,830 (Ex-GST), ₹97,674 (Incl. GST)
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22 Carat Gold (10g): ₹86,864
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Silver (per kg): ₹97,664 (Ex-GST), ₹1,00,593 (Incl. GST)
