Akshaya Tritiya Surprise: Gold And Silver Get Cheaper In Chennai, Hyderabad Today–April 30; Buyers Rejoice!

On Wednesday, April 30, the price of gold fell on the domestic market as buyers celebrated Akshaya Tritiya. Gold prices fell in the domestic market amid a rising US dollar and indications of a reduction in trade conflict between the US and China. This decline was driven by both strong buying demand by the central bank and ongoing trade disputes between the US and China. Gold's appeal increased today on the occasion of Akshaya Tritiya after it first surpassed Rs 1,00,000 per 10 grams in April 2025. Here are the most recent gold and silver rates for families celebrating Akshaya Tritiya today in Hyderabad and Chennai.

Gold & Silver Rates In Chennai And Hyderabad Today

The price of gold in Chennai and Hyderabad today is Rs 9,791 per gram for 24 karat gold, and Rs 8,975 per gram for 22 karat gold. On Akshaya Tritiya, the price of gold in Chennai and Hyderabad for 22k of 10 grams is Rs 89,750, down from Rs 89,800 yesterday. On Wednesday, the price of gold in Chennai and Hyderabad for 22k of 100 grams remained Rs 8,97,500, down from Rs 8,98,000 on Tuesday, a savings of Rs 500.

On Akshaya Tritiya, the price of gold in Hyderabad & Chennai for 24k of 10 grams appeared at Rs 97,910, down from Rs 97,970 yesterday. On Wednesday, the price of gold in Chennai and Hyderabad for 24k of 100 gms reached Rs 9,79,100, down from Rs 9,79,700 on Tuesday, a price drop of Rs 600.

While the price of gold in Hyderabad on Wednesday was Rs 73,440 as opposed to Rs 73,480 on Tuesday, the price of gold in Chennai for 18k of 10 grams is Rs 74,340 today as compared to Rs 74,350 yesterday.

On Akshaya Tritiya, silver costs Rs 109 per gram and Rs 1,09,000 per kilogram in Hyderabad and Chennai, as opposed to Rs 111 and Rs 1,11,000 yesterday, respectively, signifying a Rs 2,000 drop in price.

MCX Gold Outlook Today

"On the technical front, MCX Gold has maintained a strong uptrend on both daily and weekly charts. Intra-day charts are also building momentum. However, MCX Gold appears to be in the mid-to-late stage of its rally. One can trade in the commodity, but fresh long-term investments should be avoided. Currently, support is placed at 95,000, while resistance is seen at 96,300-96,500-98,500. Traders can consider buying with a stop-loss of 95,000 on a closing basis, targeting 96,300-96,500-98,500," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day, as gold prices are steady after dropping Tuesday as President Donald Trump eased the impact of some auto tariffs and pointed to progress in trade negotiations with several countries," commented Nirmal Bang Securities.

From Gold Bangles to Gold ETFs: Smarter Ways to Celebrate Akshaya Tritiya

This Akshaya Tritiya, it's time for investors to rethink their gold-buying strategy, as both gold and silver reach all-time highs. While traditions often favour jewellery, Gold ETFs and gold mutual funds offer a far better investment opportunity, by eliminating making charges and storage costs. Digital gold even allows fractional ownership. Silver, too, is worth considering, with its growing role in manufacturing and potential for higher gains.

For families celebrating Akshaya Tritiya, a balanced strategy would work best - buying a token amount of jewellery while allocating a majority of the funds to gold ETFs and mutual funds, with a portion also invested in silver for diversification. This approach blends tradition with smart investing for better returns, commented Ajay Lakhotia - Founder and CEO of StockGro.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.