Gold Rate in India Falls by Rs 10,400 in Just Three Days; MCX Gold Drops Today, Check 22K, 18K & 24K Prices

Gold prices across India saw a noticeable drop on 29 May, with rates falling for 24 Karat, 22 Karat, and 18 Karat gold. This continues the steady decline seen over the past few days, offering some relief to buyers. Over the week, 24 Karat gold has dropped by a total of Rs 104 per gram, while 22 Karat gold is down by Rs 55 per gram in the last three days respectively.

This trend is likely driven by global market movements and softer demand. Today, 24 Karat gold is priced at Rs 9,704 per gram, down Rs 44 from yesterday. The rate for 22 Karat gold is Rs 8,895 per gram, a decrease of Rs 40. Meanwhile, 18 Karat gold is priced at Rs 7,278 per gram, down Rs 33. Here is a look at today's gold rates for 24, 22, and 18 Karat gold on 29 May from across India.

Today's 24 Karat Gold Rate in India

The rate of 24 Karat gold has decreased by Rs 44 per gram, bringing the price down to Rs 9,704, compared to Rs 9,748 yesterday. For those buying in larger quantities, 10 grams of 24K gold is now priced at Rs 97,040, a fall of Rs 440. The price for 100 grams stands at Rs 9,70,400, down by Rs 4,400 from the previous day.

Today's 22 Karat Gold Rate in India

On Thursday, 29 May, 22 Karat gold saw a drop of Rs 40 per gram. The price is now Rs 8,895, down from Rs 8,935 yesterday. 10 grams of 22K gold now costs Rs 88,950. The rate for 100 grams is Rs 8,89,500, down by Rs 4,000. This small dip may benefit buyers looking for better value

Today's 18 Karat Gold Rate in India

On Thursday, the price of 18 Karat gold per gram dropped by Rs 33. The latest rate is Rs 7,278, compared to Rs 7,311 the day before. 10 grams of 18K gold now costs Rs 72,780, down by Rs 330, while 100 grams is priced at Rs 7,27,800, a decrease of Rs 3,300.

Gold Prices Trends in India

Gold prices in India have been falling steadily over the last few days. On 26 May 2025, the price of 24 Karat gold was Rs 9,764 per gram. It dropped to Rs 9,748 on 27 May, then further to Rs 9,704 on 28 May. That's a total drop of Rs 60 in three days. Similarly, 22 Karat gold was priced at Rs 8,950 on 26 May. It fell to Rs 8,935 on 27 May and then to Rs 8,895 on 28 May.

Why is the Gold Price Falling on May 29? Latest Gold Futures Rate Update

Gold prices fell sharply in India's futures market on Thursday morning. This happened because a US court stopped President Trump's tariffs on some imports. These tariffs made gold attractive as a safe investment, so when they were cancelled, gold lost some of that appeal. At the same time, the US dollar became stronger, which also pushed gold prices down.

Gold MCX Rate Today, Gold Spot Price: As of 10:58 AM IST on 29 May 2025, the gold rate for the MCX June contract, which expires on 5 June 2025, stood at Rs 94,620 per 10 grams. This marked a decrease of Rs 658, or 0.69%, from the previous close of Rs 95,278. The opening price for the day was Rs 94,900, and the trading volume so far is 710 contracts. Meanwhile, the spot price of gold is currently at Rs 75,340 per 10 grams.

Reuters reported that the US trade court ruled President Trump didn't have the authority to impose these broad tariffs on imports from countries that have a trade surplus with the US. This decision caused the tariffs to be blocked.

The market experts anticipate continued volatility in gold prices and advise investors to consider selling the yellow metal. "We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geopolitical tensions and ahead of the key US economic data. We suggest selling gold below Rs 95,000 with a stop loss of Rs 95,550 for the target of Rs 94,200," according to Manoj Kumar Jain of Prithvifinmart Commodity Research.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.