Gold and silver prices in India have witnessed notable fluctuations recently. As of April 28, 2025, both metals are trading at lower rates compared to the previous day. Investors, buyers, and traders closely monitoring the bullion market should take note of the updated prices before making any purchase or investment decisions.
The price of 24-carat gold is currently trending around ₹95,420 per 10 grams, while silver has dropped to ₹96,013 per kilogram. Let’s delve deeper into the latest updates on gold and silver rates, how they have changed, and what it means for buyers.
Quick Summary of Gold and Silver Rates (April 28, 2025)
| Details | Price Update |
|---|---|
| 24K Gold (999 Purity) | ₹95,420/10g |
| 22K Gold (916 Purity) | ₹87,405/10g |
| 18K Gold (750 Purity) | ₹71,565/10g |
| 14K Gold (585 Purity) | ₹55,821/10g |
| Silver (999 Purity) | ₹96,013/kg |
| Official Rate Source | ibjarates.com |
Overview: Gold and Silver Prices Today
As per the latest data released by the India Bullion and Jewellers Association (IBJA), the overall trend in the bullion market shows a marginal fall in both gold and silver prices:
- 24-carat gold (999 purity) is priced at ₹95,420 per 10 grams.
- 995 purity gold is priced slightly lower at ₹95,038 per 10 grams.
- 916 purity gold (22-carat), popular for jewelry, stands at ₹87,405 per 10 grams.
- 18-carat gold (750 purity), used for lightweight jewelry, is available at ₹71,565 per 10 grams.
- 14-carat gold (585 purity) is priced at ₹55,821 per 10 grams.
- Silver (999 purity) is priced at ₹96,013 per kilogram.
All prices mentioned are excluding GST and making charges.
Detailed Comparison: Gold Price Changes from Previous Day
| Purity Level | Previous Day Price (per 10g) | Current Price (per 10g) | Change |
|---|---|---|---|
| 999 (24K) | ₹95,631 | ₹95,420 | -₹211 |
| 995 | ₹95,248 | ₹95,038 | -₹210 |
| 916 (22K) | ₹87,598 | ₹87,405 | -₹193 |
| 750 (18K) | ₹71,748 | ₹71,565 | -₹183 |
| 585 (14K) | ₹55,944 | ₹55,821 | -₹123 |
Similarly, silver prices also witnessed a drop of ₹1,671 today.
Factors Impacting Gold and Silver Prices
Several factors contribute to the daily fluctuations in gold and silver prices:
- International Market Trends: Movements in global gold prices heavily influence the Indian market.
- Currency Strength: The strength of the Indian Rupee against the US Dollar plays a key role.
- Demand and Supply: Festive seasons, weddings, and global economic uncertainties can drive demand.
- Central Bank Policies: Changes in interest rates by the Reserve Bank of India and Federal Reserve impact bullion prices.
- Inflation and Geopolitical Risks: Gold is often seen as a hedge against inflation and uncertainties.
Important Notes on Gold and Silver Purchases
- GST and Making Charges: The rates provided by IBJA do not include Goods and Services Tax (GST) and making charges. When purchasing jewelry, 3% GST and additional making charges apply.
- Purity Certification: Always ensure you purchase hallmarked jewelry certified by the Bureau of Indian Standards (BIS) to guarantee the purity of gold.
How to Check the Latest Gold and Silver Prices
To stay updated with the latest gold and silver rates:
- Visit the official India Bullion and Jewellers Association website: ibjarates.com
- Follow financial news updates from reputed agencies.
- Check local jeweller notifications.
Investment Tip: Should You Buy Gold Now?
Gold has always been considered a safe haven asset, especially during times of market volatility. With the current dip in prices, it might be a good time for investors to consider adding gold to their portfolio. However, it’s advisable to consult with a financial advisor based on your risk appetite and investment goals.
Remember:
- Gold investments can be done through physical gold, gold ETFs, sovereign gold bonds, and digital gold.
- Long-term investment generally helps in offsetting inflationary risks.
Frequently Asked Questions (FAQs)
Q1. What is the gold price for 24-carat gold today?
A1. The 24-carat gold (999 purity) is priced at ₹95,420 per 10 grams as of April 28, 2025.
Q2. Has the price of gold increased or decreased today?
A2. Gold prices have decreased today by ₹211 per 10 grams for 24-carat purity.
Q3. What is the silver price today?
A3. Silver (999 purity) is priced at ₹96,013 per kilogram today.
Q4. Are the IBJA rates final for retail purchases?
A4. No, IBJA rates serve as a benchmark. Retail prices include GST and making charges on top of the base rate.
Q5. Where can I check daily gold and silver rates?
A5. You can check the latest gold and silver rates at the official IBJA website: https://ibjarates.com/.
Q6. Is it a good time to invest in gold?
A6. Gold prices have seen a dip recently, which may offer a buying opportunity. However, it’s important to consider your financial goals and consult a professional.
Conclusion
The bullion market on April 28, 2025, has seen a slight correction in both gold and silver prices. With 24-carat gold trending lower and silver rates dropping significantly, investors and buyers are presented with a potential buying opportunity. Whether for investment or personal use, understanding daily price trends and market dynamics can help you make informed decisions.
For accurate updates and to avoid overpaying, always refer to trusted sources like ibjarates.com, and consult local jewellers for real-time retail rates.
For More Information Click Here