Gold price today: Due to some decrease in global uncertainties, there can be a decrease in pressure on gold in India, although it is still considered to be the safest option for investors. If you compare Akshaya Tritiya this time with Akshaya Tritiya last year, then the price of gold has increased by about 30 percent. Whereas, according to the reports of the industry, the price of gold has increased by about 100 percent in the previous years.

According to the official website, gold was trading at Rs 94,611 per 10 grams at MCX at around 7.20 am. That is, its price has come down by about 91 rupees today. Whereas, silver on MCX is being sold at a price of Rs 94,561 per kg, that is, it has a decline of Rs 2,301.

Gold and silver decline

According to the Indian Bullion Association, the price of 24 carat gold was Rs 94,880 at 7.20 am, while 22 carat gold was trading at Rs 86,973. At the same time, silver (silver fine 999) is being sold at the rate of Rs 95,950 per kg. The special thing is that today is May 1 which is celebrated all over India as Labor Day. Apart from this, there is also Maharashtra Day, due to which the stock market is closed. Gold trade on MCX will be second half i.e. from five in the evening to eleven and a half in the night.

Your city’s new rates-

The bullion rate of gold in the financial capital Mumbai is Rs 95,710 per ten grams while Karoba is doing Karoba at the rate of Rs 94,611 on MCX. Similarly, the bullion rate of silver is Rs 95,780 per kg, while silver (999 silver fine) at MCX is Rs 94,561 per kg.

In Chennai, the bullion rate of gold is being sold at Rs 94,990, while ACX is being sold at Rs 94,611 per 10 grams. While silver on bullion is being sold at Rs 96,060 per kg, at MCX for Rs 94,561.

Talking about Kolkata, the price of gold on the bullion here is Rs 94,580 per 10 grams while Rs 94,611 on MCX. While the price of silver on the bullion is Rs 95,650, the silver on MCX is trading at the rate of Rs 94,561 per kg.

Also read: Why the stock market is closed today, why trading is not happening in the beginning of May, know the special reason

Gold Price Today 29 April: Even though the price of gold has crossed one lakh, it has now come down, but the price of gold has increased exactly one day with Akshaya Tritiya, which falls on April 30. On 22 April, the price of gold was historically crossed 1 lakh rupees. However, there has been a decrease after that. But compared to Monday, on Tuesday i.e. Tuesday, the price of gold has increased by about 400 rupees. On the day of Akshaya Tritiya, people shop for a large number of gold and silver. There is a belief in such Indian society that on this day it brings prosperity in future. In such a situation, what is going on in your city before Akshaya Tritiya, let us know the fresh sense of gold and silver.

Gold at MCX was being sold at the rate of Rs 6.20 per 10 grams at Rs 96,060 in the morning. That is, its price has increased by Rs 1,068 per 10 grams. According to the official website, the silver price on MCX has increased by Rs 146 and it is being sold at the rate of Rs 96,587 per kg.

Similarly, according to the Indian Bullion Association, 24 carat gold is being sold at a price of Rs 96,320. While the price of 22 carat gold per 10 grams is Rs 88,293. Whereas, silver (silver 999 fine) is trading at a price of Rs 97,090 per kg.

Fresh sense of your city

First of all, let’s talk about the national capital Delhi. Here the rates of gold on bullion are Rs 95,980 per 10 grams while silver is Rs 96,750 per kg. On the other hand, gold is 96,060 in Delhi on MCX and the new rate of silver (999) is Rs 96,587.

Similarly, if we talk about Mumbai, then the price of gold on the bullion is Rs 96,150 per 10 grams and silver is being sold at the rate of Rs 96,910 per kg. On the other hand, gold is being sold at MCX at the rate of Rs 96,060 per 10 grams and silver at Rs 96,587 per kg.

In Chennai, gold bullion rate is trading at Rs 96,430 per 10 grams and silver is trading at Rs 97,200 per kg. Whereas gold is being sold at the rate of Rs 96,060 per 10 grams per 10 grams and silver at Rs 96,587 per kg.

Talking about Bengaluru, the bullion rate of gold here is Rs 96,220 and silver is Rs 96,990 per kg. While gold is being sold at the rate of 96,060 and silver at Rs 96,587 per kg on MCX.

Also read: Know RBI about 100 and 200 rupee notes, what is new decree, stir in banks

Gold Price: In the coming days, the price of gold can increase with a record breaking rapidly. JP Morgan said in his forecast that by mid -2026, the price of gold can cross 4 thousand dollars per ounce. The bank recently said in a note that the concerns of the growing recession, the high tariffs installed by the US and the growing trade tension between the US and China are expected to increase the yellow metal continuously.

JP Morgan believes that the average price of gold will be $ 3,675 an ounce by the fourth quarter of 2025. He said that if the demand for investors and central banks remain strong, then prices can touch the level of $ 4,000 before. So far this year, there has already been a rise of 29% in spot gold. On April 22, gold reached an all -time high of $ 3,500 an ounce.

Goldman Sachs is also now adopting a faster stand, which has recently increased its forecast of the last 2025 from $ 3,300 to $ 3,700 an ounce. The bank says that in an extreme position, gold can also reach $ 4,500 by the end of next year.

Actually, a major factor behind this forecast of JP Morgan is a strong purchase from investors and central banks. The bank hopes that this year the demand for pure gold will be around 710 tonnes per quarter. Experts wrote, “Our forecast for moving gold prices to $ 4,000 an ounce next year is a strong demand for investors and central banks. Which is purely about 710 tonnes per quarter this year.”

Nevertheless, JP Morgan has also indicated in his forecasts towards potential negative risks. If the demand of central banks is weak or if the American economy faces tariffs better than anticipated, the fed can adopt a more aggressive stance – potentially raising interest rates.

The bank warned, “The more importantly the landscape of the recession will be where the US economic growth remains incredibly flexible to tariffs, which can make the fed far more active in dealing with the risks of inflation, which will make the market feared an increase in rates before real worrying inflation comes.”

Also read: 2026 due to trade war and even after that China-US will suffer big loss, IMF warns