Gold & Silver Prices Today: Gold falls by Rs 1,429 to Rs 94,163/10g, silver drops by Rs 3,035 to Rs 93,827/kg on Akshaya Tritiya

Gold & Silver Prices Today, 30 April 2025: On the auspicious occasion of Akshaya Tritiya, gold and silver prices witnessed a decline in domestic markets. Gold June futures on the Multi Commodity Exchange (MCX) fell by 1.49% or Rs 1,429, settling at Rs 94,163 per 10 grams. Meanwhile, silver May futures dropped 3.31% or Rs 3,035 to close at Rs 93,827 per kilogram.

International Market: Global Cues Impacting Gold and Silver Prices

Internationally, gold prices slipped, pressured by a stronger dollar and easing trade tensions. As of 0242 GMT, spot gold was down 0.2% at $3,308.32 an ounce, while U.S. gold futures dropped 0.5% to $3,317.50.

A firmer U.S. dollar index, which edged up 0.1%, made gold more expensive for international buyers, dampening demand. Meanwhile, easing U.S. trade tensions, particularly after China waived a 125% tariff on U.S. ethane imports and President Trump's new trade agreements, reduced the safe-haven appeal of gold.

Market focus now shifts to key U.S. economic data, including personal consumption expenditures (PCE) and the crucial non-farm payrolls report, which will guide expectations for Federal Reserve interest rate cuts.

Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, noted that the slight recovery in the dollar caused a minor retracement in gold prices.

Meanwhile, spot silver prices slipped 0.1% to $32.93 an ounce, platinum fell 0.6% to $971.90, and palladium declined 0.3% to $931.84.

Domestic Outlook: Gold & Silver Mixed on Akshaya Tritiya

According to Manoj Kumar Jain, Director at India Nivesh:

Internationally, gold futures settled lower at $3,333.60 per troy ounce (down 0.42%) while silver futures rose to $33.275 per troy ounce (up 0.80%).

On MCX, gold June futures fell 0.45% to Rs 95,592 per 10 grams, whereas silver July futures gained 0.42% to Rs 98,118 per kilogram.

Jain added that gold and silver prices could stay volatile this week due to movements in the dollar index and upcoming U.S. economic data.

For MCX trading today, support and resistance levels are:

Gold support: Rs 95,000–94,400 | Gold resistance: Rs 96,040–96,650

Silver support: Rs 97,400–96,650 | Silver resistance: Rs 98,950–99,700

Buying silver on dips near Rs 97,400–97,000 is suggested, targeting Rs 98,500–99,200.

Akshaya Tritiya 2025: Gold Investment Outlook

Deveya Gaglani, Senior Research Analyst at Axis Securities, emphasized the significance of Akshaya Tritiya for gold investments.

He highlighted that MCX gold prices have delivered double-digit returns over the last three years. In 2025 alone, gold prices have surged nearly 25% so far, marking one of the strongest starts for bullion investors in a decade.

Those who invested during last year’s Akshaya Tritiya have seen returns exceeding 31%. Factors like central bank gold buying, dollar correction, geopolitical risks, and U.S.-China trade tensions have fueled the rally in gold prices.

However, Gaglani advised caution, noting that prices are nearing overbought zones. Investors are recommended to adopt a staggered buying strategy, especially if prices correct by 5-10%.

In the bullish case, if gold prices sustain above Rs 1,00,000, targets of Rs 1,10,000 by the next Akshaya Tritiya could be achievable. On the downside, consolidation around Rs 87,000 is expected if corrections deepen.

Gold & Silver Prices Today, 30 April 2025, reflect a slight cooling off despite the festive buying sentiment around Akshaya Tritiya. While domestic and international cues have weighed on prices, gold remains a strong investment avenue amidst ongoing global economic uncertainties. Investors should stay cautious and watch key U.S. data for further market direction.

Retail Gold Prices Across Major Indian Cities (April 30, 2025):

Gold Price in Mumbai:

In Mumbai, the price of 24-karat gold stood at Rs 9,798 per gram, while 22-karat gold was priced at Rs 8,981 per gram.

Gold Price in Delhi:

The national capital recorded 24K gold at Rs 9,813 per gram, with 22K gold available at Rs 8,996 per gram.

Gold Price in Chennai:

Gold rates in Chennai were slightly lower, with 24K gold at Rs 9,798 per gram and 22K gold at Rs 8,981 per gram.

Gold Price in Kolkata:

In Kolkata, 24-karat gold was priced at Rs 9,798 per gram, and 22-karat gold was selling at Rs 8,981 per gram.

Bengaluru:

Bengaluru saw 24K gold trading at Rs 9,798 per gram, while 22K gold was available at Rs 8,981 per gram.