KKN Gurugram Desk | Gold prices in India have seen a consistent decline for the fifth straight day, bringing relief to consumers planning to invest in gold or buy jewellery. As of 30 May 2025, both 22-carat and 24-carat gold rates have dropped slightly across key Indian cities, including Patna, Mumbai, Delhi, and Chennai.
According to bullion market data, 22-carat gold is being sold at ₹88,990 per 10 grams in Patna, while the rate for 24-carat gold has reached ₹97,080 per 10 grams. The downward trend is largely influenced by global market sentiment, USD fluctuations, and domestic demand-supply dynamics.
Why Are Gold Prices Falling in India?
The five-day price drop is primarily attributed to the following factors:
-
Stronger US Dollar Index weakening demand for bullion
-
Profit-booking by investors ahead of global economic data releases
-
Reduced retail demand after wedding season peaks
-
Stability in global inflation data, trimming safe-haven demand for gold
While the decline may worry investors, it provides an opportunity for new buyers to enter the market at a lower cost.
Gold Rates on 30 May 2025: City-Wise Price List
Here’s a quick look at the updated 22-carat and 24-carat gold prices across major Indian cities:
| City | 22 Carat (₹/10 gm) | 24 Carat (₹/10 gm) |
|---|---|---|
| Patna | ₹88,990 | ₹97,080 |
| Mumbai | ₹89,340 | ₹97,560 |
| Delhi | ₹89,290 | ₹97,500 |
| Kolkata | ₹89,150 | ₹97,340 |
| Chennai | ₹89,610 | ₹97,880 |
| Bangalore | ₹89,210 | ₹97,380 |
| Hyderabad | ₹89,190 | ₹97,350 |
| Ahmedabad | ₹89,240 | ₹97,420 |
Note: Prices may vary depending on local taxes and making charges.
Impact on Jewellery Market and Consumers
With prices dipping, jewellers are witnessing renewed customer interest, especially from retail buyers and small investors. The ongoing correction could boost footfall in local jewellery stores as consumers look to buy ahead of the next festive season.
“Gold prices under ₹89,000 for 22-carat in most cities is an attractive level. We are seeing increased walk-ins,” said a Patna-based jewellery retailer.
From an investment perspective, falling gold prices offer a strategic buying window, especially for:
-
SIPs in gold ETFs or sovereign gold bonds
-
Physical gold accumulation for weddings or gifting
-
Portfolio diversification in uncertain global markets
Experts suggest phased buying to manage volatility.
Discover more from News Ark
Subscribe to get the latest posts sent to your email.