On April 28, 2025, gold prices in India remained relatively stable, providing a brief respite for those looking to invest in the precious metal ahead of the auspicious Akshaya Tritiya festival. In Hyderabad, the rate for 24 Carat gold was reported at Rs 98,200 for 10 grams, while 22 Carat gold was priced at Rs 90,010 for the same quantity. This stability follows a recent trend of fluctuating prices driven largely by international market conditions.
According to reports, the gold rates have seen a significant decline in recent days, attributed to a variety of factors, including changes in international market dynamics and currency fluctuations. The global gold price has been hovering around $3,330 per ounce, a decrease from its previous highs. In light of these developments, many consumers are eager to seize the opportunity to purchase gold before prices potentially increase again.
The silver market also saw changes, with the price of silver in Hyderabad standing at Rs 111,800 per kilogram, reflecting a modest increase of Rs 100. In contrast, the price was reported at Rs 101,800 in Delhi, Mumbai, Pune, and Bangalore, showing a consistent trend across major cities.
Gold has always held a special place in Indian culture, especially during festive seasons. The upcoming Akshaya Tritiya, a day considered highly auspicious for purchasing gold, has many consumers closely monitoring the market for favorable rates. The stability in gold prices is seen as a good sign for those planning to buy gold for the celebrations.
Despite the current prices being lower than the all-time highs reached in recent months, experts suggest that the market remains volatile. "The fluctuations in gold prices are largely influenced by global economic conditions, including the strength of the US dollar and ongoing trade tensions between major economies," said a market analyst.
In addition to Hyderabad, other major cities like Visakhapatnam and Vijayawada reported similar gold rates, with 22 Carat gold priced at Rs 90,010 and 24 Carat gold at Rs 98,200. Meanwhile, Delhi's gold prices were slightly higher, with 24 Carat gold at Rs 98,300 and 22 Carat gold at Rs 90,160.
As consumers prepare for the festivities, many are optimistic about the potential for lower prices, particularly given the recent downward trend. However, there are mixed opinions about future price movements. Some analysts predict that if international conditions stabilize, gold prices might see a further decrease, while others caution that any sudden shifts in the market could drive prices back up.
The demand for gold is not only influenced by cultural practices but also by investment trends. Investors are currently shifting their focus to stock markets, which could impact gold demand. "When stock markets are performing well, investors often pull back from gold investments, leading to a decrease in gold prices," explained another analyst.
The recent price changes have also sparked discussions among consumers about the best times to invest in gold. Many are keen to know whether to buy now or wait for potentially lower prices in the future. The uncertainty surrounding global economic conditions adds to the complexity of making such decisions.
In conclusion, while the current gold and silver prices offer some relief to consumers ahead of Akshaya Tritiya, the market remains unpredictable. As the day approaches, many will be watching the market closely, hoping for favorable conditions to make their purchases.
