Gold Rate Today: Today, on Wednesday 28 May, there is a big decline in the price of gold. The gold rate has become cheaper by Rs 660 as compared to Kal. The price of 24 carat gold is trading at Rs 97,600 and 22 carat gold at the level of Rs 89,300. Learn here today on Wednesday 28 May 2025, what was the price of gold and silver in big cities of the country.
Why did gold fall in India
The weakness in the international market is a major reason behind the fall in gold prices. In order to speed up trade talks between the US and the European union, the investors have reduced the purchase of gold as a safe haven asset due to the pressure made by Brussels. This weakened the demand for gold in the global market and its price fell below $ 3,296.92 to $ 3,296.92.
At the same time, the decision to increase the dollar-dollar fluctuations in the domestic market and extending the deadline of EU tariffs also affected the demand for gold. Due to a decrease in geopolitical tension, investors are turning to another asset class, which has given pressure in gold prices on MCX. Experts believe that gold prices may trade between 94,500 and 96,750 in the coming days. In such a situation, there may be further decline in the coming days in the price of gold.
Gold price in big cities of the country
Gold has become cheaper on Wednesday 29 May. The price of 22 carat gold in Delhi fell by Rs 600. At the same time, 24 carat gold rate has become cheaper by Rs 650. Today, 22 carat gold in Delhi was Rs 89,500 and 24 carat gold was Rs 97,630 per 10 grams. In Mumbai, 22 carat gold is trading at Rs 89,350 and 24 carat gold at Rs 97,480 per 10 grams. The price of 22 and 24 carat gold in Mumbai fell by Rs 660. Here, 22 and 24 carat gold of big cities of the country has been given below.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 89,500 | 97,630 |
| Chennai | 89,350 | 97,480 |
| Mumbai | 89,350 | 97,480 |
| Kolkata | 89,950 | 97,480 |
| Jaipur | 89,500 | 97,630 |
| Noida | 89,500 | 97,630 |
| Ghaziabad | 89,500 | 97,630 |
| Lucknow | 89,500 | 97,630 |
| Bangalore | 89,350 | 97,480 |
| Patna | 89,350 | 97,480 |
Silver rate
Silver is at Rs 1,00,000 per kg on Wednesday 28 May 2025.
How is the price of gold decided?
The price of gold in India varies due to many reasons, such as international market prices, government tax and rupee fluctuations. Gold is not only a means of investment, but also an important part of our traditions and festivals. Especially during marriage and festivals, its demand increases.
Gold Rate: Gold becomes cheap! Gold will come soon 94000, invest in gold now or wait?