Gold Rates Today in India: Gold price in India experienced a major fall of Rs 620 on Monday morning due to easing of trade war worries and profit-booking. The sharp drop dragged the price of yellow metal to below Rs 98k mark in major cities across India. Gold and silver prices fell on MCX too. Gold dropped 0.13 per cent to Rs 94,870 per 10 gram, while silver saw a fall of 0.49 per cent to Rs 95,964 per kg. Earlier, gold prices hit Rs 1 lakh-mark for the first time amid global economic uncertainties and US recession fears. Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality. Analyst expects a correction in gold price could be on the horizon. A potential trigger, onj adds, for correction could be profit booking by large institutions. While the long-term outlook remains bullish, such a correction would likely be a healthy pullback—more of a buying opportunity than a sign of weakness. Here’s a detailed breakdown of gold prices across key cities (April 28, 2025): 22K Gold (per 10gm) 24K Gold (per 10gm) Silver Price In India Today (April 28, 2025) The price of silver saw a fall to trade at Rs 1,01,800 per kg in Mumbai., according to goodreturns.in. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.