Gold Prices Slip for 5th Consecutive Day; Check Rates Across Indian Cities on May 30
Gold prices remained on a downward streak for the fifth consecutive day on May 30, 2025. The decline was seen both in domestic and international markets, as a firm US dollar and anticipation around the upcoming US inflation data weighed on investor sentiment. Silver prices also followed suit, dipping slightly in morning trade.
Gold Rates Dip Across Major Indian Cities
The price of gold dropped again across India, with both 22-carat and 24-carat variants witnessing a notable slide:
While 24-carat gold, prized for its purity, remains the preferred choice for investment, 22-carat gold continues to appeal to jewellery buyers for its durability and value.
Silver Also Edges Lower
Silver prices mirrored the downward trend, slipping by ₹100 to ₹99,800 per kg in Mumbai. On the MCX, silver futures declined 0.75% to ₹97,091 per kg.
Global Factors Add Pressure
On the global front, spot gold fell by 0.5% to $3,300.59 an ounce, marking a weekly drop of 1.7%. US gold futures also declined 0.5% to $3,298.30. A 0.2% rise in the US dollar index made the yellow metal more expensive for international buyers, further pushing prices down.
What’s Next?
Investors are now eyeing the upcoming US inflation data for hints on the Federal Reserve’s next move. The outcome could shape short-term trends for both gold and silver.
Gold Rates Dip Across Major Indian Cities
The price of gold dropped again across India, with both 22-carat and 24-carat variants witnessing a notable slide:
- Mumbai: ₹89,340 (22K), ₹97,030 (24K)
- Delhi/Jaipur: ₹89,090 (22K), ₹97,180 (24K)
- Ahmedabad/Patna: ₹88,990 (22K), ₹97,080 (24K)
- Hyderabad/Chennai/Bengaluru/Kolkata: ₹89,340 (22K), ₹97,030 (24K)
While 24-carat gold, prized for its purity, remains the preferred choice for investment, 22-carat gold continues to appeal to jewellery buyers for its durability and value.
You may also like
- 'Not reasonable, issue far from settled': Govt rejects Meta's explanation on brief removal of PM Modi's Facebook video
- SC orders release of protesters below 18 with no criminal record, bars coercive action
- Mekedatu row: Tamil Nadu CM Vijay writes to PM Modi; challenges Centre's 'no consent needed' reply
- BJP leaders step up Instagram activity after PM's call for digital outreach
- Wangchuk urges CJP supporters to celebrate victory 'with humility' amid viral party row
Silver Also Edges Lower
Silver prices mirrored the downward trend, slipping by ₹100 to ₹99,800 per kg in Mumbai. On the MCX, silver futures declined 0.75% to ₹97,091 per kg.
Global Factors Add Pressure
On the global front, spot gold fell by 0.5% to $3,300.59 an ounce, marking a weekly drop of 1.7%. US gold futures also declined 0.5% to $3,298.30. A 0.2% rise in the US dollar index made the yellow metal more expensive for international buyers, further pushing prices down.
What’s Next?
Investors are now eyeing the upcoming US inflation data for hints on the Federal Reserve’s next move. The outcome could shape short-term trends for both gold and silver.
Loving Newspoint? Download the app now
