🟡 Gold Prices Dip Across India on May 28; Silver Remains Steady

Mumbai, May 28 — Gold prices in India saw a slight decline on Wednesday, dropping by nearly ₹100 per 10 grams, as investors shifted their focus towards riskier assets amid improving global market sentiment.

In Mumbai, 22-carat gold was priced at ₹89,350 per 10 grams, while 24-carat gold stood at ₹97,480 per 10 grams. The decline follows a recent trend of minor corrections in bullion prices after a prolonged rally earlier this month.

Meanwhile, the price of silver remained unchanged at ₹1,00,000 per kilogram in Mumbai, reflecting stability in industrial demand and global silver market trends.

📉 Key Reasons Behind the Decline in Gold Prices:

Increased appetite for equities and cryptocurrencies

Short-term profit booking by traders

Strengthening of the Indian rupee against the US dollar

Reduced geopolitical tensions in key regions

Market analysts suggest the dip is temporary, and gold may continue to serve as a safe-haven asset amidst long-term economic uncertainty.

📊 City-Wise Gold Rates (22K & 24K) – May 28, 2025:

Note: Prices may vary slightly depending on jewellers and local taxes.

💡 Expert Insight:

“Gold is reacting to global cues, but the long-term trend remains bullish due to inflationary concerns and global central bank policies,” said a bullion trader in Mumbai.