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Gold Prices Stabilize at ₹95,500–₹99,450 Ahead of Akshaya Tritiya

Jewellers offer discounts to attract buyers as easing US trade tensions temper safe-haven demand for gold.

Gold price today: On the occasion of Akshaya Tritiya, the rate of 24 carat gold per 10 grams in Bengaluru stood at ₹97,535.
Prices of 22-carat and 24-carat gold per 10 gram in Mumbai stands at ₹46,870, and ₹46,870 on Sunday, according to the Good Returns website.
Akshaya Tritiya
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Overview

  • Gold prices in India have corrected from record highs of ₹1 lakh per 10 grams to a trading range of ₹95,500–₹99,450 as of April 29, 2025.
  • Jewellery retailers, including Tanishq and Senco Gold, are offering discounts on making charges and gold rates to boost sales for Akshaya Tritiya.
  • Analysts maintain a 'buy on dips' recommendation, with long-term targets set at ₹1.06 lakh per 10 grams, citing continued market volatility and central bank purchases.
  • Easing US-China trade tensions have reduced gold's safe-haven appeal, contributing to a near 1% price drop globally over the past few days.
  • India’s gold demand exceeded 800 tonnes in 2024, driven by jewellery consumption and ETF investments, highlighting the metal’s cultural and investment significance.