On April 29, gold prices are experiencing a notable decline as optimism grows around potential improvements in trade relations between the United States and China. Recent data indicates that the price of gold has dipped from its previous record highs, settling between ₹95,000 and ₹96,000 per 10 grams. This shift follows a period when gold retail prices in India surged past ₹1 lakh due to market fluctuations.
Why Invest in Gold? The Safe Haven Asset
For many investors, gold remains a reliable asset during uncertain times. Experts advise caution as market conditions can change rapidly. While U.S. President Donald Trump has hinted at discussions with Chinese President Xi Jinping, he emphasized that substantial tariff reductions would require concessions, a point which has been met with skepticism from China regarding the existence of active negotiations.
In India, April 30 marks the auspicious occasion of Akshaya Tritiya, a day when many Hindus purchase gold, believing it ushers in prosperity and good fortune. Traditionally, buying gold on this day is thought to ensure that its value appreciates over time.
Current Gold and Silver Prices – April 29, 2025
As of 6:20 AM on April 29, the MCX gold price stood at ₹96,060 per 10 grams, reflecting an increase of ₹1,068. Meanwhile, silver prices also rose, with MCX silver priced at ₹96,587 per kg. For those looking to invest, here are the latest figures for different gold and silver categories:
- 24-Carat Gold: ₹96,320 per 10 grams
- 22-Carat Gold: ₹88,293 per 10 grams
- Silver (999 Fine): ₹97,090 per kg
City-Specific Gold and Silver Prices
Curious about how gold and silver prices measure up in your city? Here’s a breakdown for major cities on April 29:
New Delhi
- Gold Bullion: ₹94,260 per 10 gm
- MCX Gold: ₹95,221 per 10 gm
- Silver Bullion: ₹94,960 per kg
- MCX Silver: ₹96,524 per kg
Mumbai
- Gold Bullion: ₹94,430 per 10 gm
- MCX Gold: ₹95,221 per 10 gm
- Silver Bullion: ₹95,120 per kg
- MCX Silver: ₹96,524 per kg
Chennai
- Gold Bullion: ₹94,750 per 10 gm
- MCX Gold: ₹95,221 per 10 gm
- Silver Bullion: ₹95,460 per kg
- MCX Silver: ₹96,524 per kg
Bengaluru
- Gold Bullion: ₹94,500 per 10 gm
- MCX Gold: ₹95,221 per 10 gm
- Silver Bullion: ₹95,200 per kg
- MCX Silver: ₹96,524 per kg
Kolkata
- Gold Bullion: ₹94,350 per 10 gm
- MCX Gold: ₹95,221 per 10 gm
- Silver Bullion: ₹95,060 per kg
- MCX Silver: ₹96,524 per kg
Hyderabad
- Gold Bullion: ₹94,620 per 10 gm
- MCX Gold: ₹95,221 per 10 gm
- Silver Bullion: ₹95,330 per kg
- MCX Silver: ₹96,524 per kg
As you navigate the gold and silver market today, keep an eye on these prices, especially with Akshaya Tritiya just around the corner, as it could influence demand and pricing trends. Whether you’re a seasoned investor or a first-time buyer, understanding current market dynamics is crucial for making informed decisions.
