Gold Rate Drops In India on Akshaya Tritiya 2025: Check 24K, 22K,18K Gold & Silver Rate in Your City, April 30

Good news for gold buyers as gold prices in India dropped slightly on the occasion of Akshaya Tritiya 2025, offering some relief after yesterday's sharp surge. This sudden dip in gold rates has brought mixed reactions, especially from potential gold buyers who were hesitant to make purchases due to the recent record-high gold rates recently. Just a few days ago, the 24-carat gold price in India breached the Rs. 1 lakh mark per 10 grams, the highest it has ever touched. Similarly, 22-carat gold prices had surged past Rs. 90,000 per 10 grams, making jewellery purchases costly even before adding making charges and GST.

However, as of Akshaya Tritiya 2025, gold rates have slightly corrected, dropping from the all-time highs recorded last week, bringing some renewed interest among buyers. In the international market as well, gold rates today have slipped slightly as geopolitical tensions eased and the US dollar rebounded.

Gold Rate in India Today

On 30th April, Wednesday, the 22-carat gold rate in India declined by Rs. 50 per 10 grams to cost Rs. 89,750 per 10 grams. While the 24-carat gold prices today dropped by Rs. 60 and are currently at Rs. 97,910 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs 73,440, which dropped by Rs 40.

Just like that, the 100 grams of 22-carat gold stand at Rs 8,97,500 after decreasing Rs 500. While the 24-carat gold price in India per 100 grams is now retailing at Rs. 9,79,100, which dropped by Rs. 600.

Silver Rate in India Today

Silver prices in India today also fell sharply on Akshaya Tritiya; 1kg of silver in India costs Rs. 1,00,000, which dropped by Rs. 500. While 100g of silver rates in India cost Rs 10,000 after falling Rs 50.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on June 5, 2025, also experienced a decline today, trading at Rs 95,121 after slipping 0.49%. Similarly, silver futures, which are set to expire on May 5, 2025, dropped massively today by 1.08% to trade at Rs 95,812 at the time of writing.

As per ICICI Report, "MCX Gold June is expected to face the hurdle near Rs. 96,200 and move towards Rs. 95,000 level.
Below, Rs. 95,000, it would turn weaker towards Rs.94,200. Meanwhile, MCX Silver June is expected to consolidate in band of Rs. 96,800 and Rs. 98,800 level. Below Rs.96,800, it would turn weaker towards Rs.95,200."

Market Outlook for Gold Prices

"Gold is expected to face the hurdle near $3350 and move lower towards $3275 per ounce amid easing trade war concerns. Growing optimism over a trade deal between the US and other major trading nations would negate the safe-haven appeal in the bullion. But no clarity on trade negotiations between the US and China could provide some support to the bullions. Furthermore, the expectation of slower job growth numbers and a sharp drop in advance GDP numbers would increase the chance of a Fed rate cut, which could provide support to the yellow metal." As per the ICICI Securities Commodities report.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored this drop in the gold rates today on the occasion of Akshaya Tritiya. Here's the latest city-wise update on 22-carat and 24-carat gold rates on 30th April.

Spot Gold Prices + Spot Silver Price Today

According to a latest report by Reuters, "Spot gold was down 0.2% at $3,308.32 an ounce, as of 0242 GMT. U.S. gold futures lost 0.5% to $3,317.50. Spot silver fell 0.1% to $32.93 an ounce."

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