Gold Prices in India Experience Decline on April 29, 2025
April 29, 2025 – Gold prices in India saw a significant drop on Tuesday, according to data compiled by FXStreet. The price for gold per gram has decreased to ₹9,078.38, down from ₹9,162.60 the previous day. Similarly, the cost for gold per tola has fallen from ₹106,870.80 to ₹105,888.50, reflecting the ongoing fluctuations in the global market for this precious metal.
Current Gold Prices
As of today, the following are the prices for gold in various measures:
- 1 gram: ₹9,078.38
- 10 grams: ₹90,806.52
- 1 tola: ₹105,888.50
- 1 Troy ounce: ₹282,373.60
The price adjustments are made daily and are based on the latest market rates, thus local prices may vary slightly.
Factors Influencing Gold Prices
The recent decline in gold prices can be attributed to various external factors. A receding demand for gold as a safe-haven investment has been observed, coinciding with a modest uptick in the US dollar. Market analysts suggest that this trend is related to the ongoing trade relations between the United States and China. Notably, China has indicated a willingness to renegotiate certain tariffs on US goods, which has contributed to a more optimistic market sentiment.
Additionally, US Treasury Secretary Scott Bessent recently remarked on the positive tariff proposals from major US trading partners, suggesting a potential easing of trade tensions. These developments have shifted investor focus away from gold, a traditional safe-haven asset.
Market participants are closely watching geopolitical events, including the dynamics of the Ukraine conflict and North Korea’s involvement, which continue to exert pressures on global market stability. Russian President Vladimir Putin’s recent declaration of a temporary ceasefire in Ukraine, although dismissed by Ukraine’s President Volodymyr Zelensky, adds another layer of complexity to the situation.
Economic Outlook and Investor Sentiment
Traders are anticipating the Federal Reserve’s next moves regarding interest rates, with projections indicating that the Fed may initiate a cycle of rate cuts starting in June 2025. Expectations are growing for at least three rate cuts by the year’s end, which could stabilize demand for gold as lower interest rates traditionally support gold investment.
Investors are also preparing for key economic data releases, including the US Job Openings and Labor Turnover Survey (JOLTS), scheduled for later today, alongside the Personal Consumption Expenditures report tomorrow and the critical Nonfarm Payrolls report on Friday.
Conclusion
The fluctuating gold prices in India highlight the interconnectedness of global markets and ongoing geopolitical uncertainties. As such, investors remain vigilant, balancing their positions in gold against the backdrop of evolving economic indicators and international relations.
For those considering investments in gold, understanding these market dynamics is crucial. FXStreet provides daily updates on gold prices in India, allowing investors to stay informed and make educated decisions.
(The data presented in this article is for informational purposes only and should not be construed as financial advice.)
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