Gold prices in India dropped further on April 28, 2025, marking the sixth consecutive day of decline, just ahead of the auspicious festival of Akshaya Tritiya on April 30. In Kochi, 24-carat gold was priced at ₹98,246 per 10 grams, while 22-carat gold stood at ₹90,056 per 10 grams, reflecting a ₹10 drop from the previous day. Similar trends were observed across major cities: in Mumbai, 24-carat gold was priced at ₹98,240 and 22-carat at ₹90,050; in Delhi, ₹98,340 and ₹90,200; in Chennai, ₹98,240 and ₹90,050; in Bangalore, ₹98,290 and ₹90,100; and in Hyderabad, ₹98,240 and ₹90,050, respectively.
The continued fall in gold prices is attributed to easing tensions between the U.S. and China, which has reduced the global demand for gold as a safe-haven asset. Additionally, the strengthening U.S. dollar has made gold costlier for international buyers, further pressuring demand. With Akshaya Tritiya approaching, many consumers see this dip as a golden opportunity for purchases. However, experts caution buyers to stay updated on global economic developments that could influence future gold price movements. Prices are subject to fluctuations and may vary across cities and jewelers, so checking local rates is advised.
