Gold and Silver Prices on the Rise

As of May 29, 2025, the retail price of 24 karat gold in India is approximately ₹9,704 per gram, or ₹97,040 per 10 grams. For MCX gold futures (August 2025), the price is around ₹95,731 per 10 grams. Silver is priced at about ₹100 per gram, or ₹1,00,000 per kilogram, with MCX silver futures at approximately ₹98,054 per kilogram.

The upward trend in gold and silver prices is likely due to global economic uncertainties, including U.S. fiscal concerns, geopolitical tensions like the Russia-Ukraine conflict, and trade disputes, driving investors toward these metals as safe-haven assets.

On May 29, 2025, gold and silver prices in India are experiencing significant upward trends, with reports indicating potential highs for MCX gold at ₹98,000 per 10 grams, as discussed in a recent article by The Times of India. This surge is attributed to increased demand for safe-haven assets amid global economic uncertainties, including U.S. fiscal concerns and geopolitical tensions. The current time is 01:41 AM PDT on Thursday, May 29, 2025, and this analysis reflects the latest available data.

Current Prices in India

The retail price of gold in India, as reported by Goodreturns, is ₹9,704 per gram for 24 karat gold, which translates to ₹97,040 per 10 grams. This price is based on updates for May 29, 2025, and is sourced from reputed jewellers in the country. 

For silver, Goodreturns reports the price as ₹100 per gram, or ₹1,00,000 per kilogram, based on updates for May 28, 2025 

The discrepancy between retail and MCX prices is due to the nature of futures trading, which includes speculative elements and different contract specifications, compared to physical retail prices, which include taxes and dealer margins.

Market Trends and Potential Highs

The user's mention of MCX gold potentially reaching ₹98,000 per 10 grams aligns with a recent report by The Times of India, which discussed gold prices showing signs of exhaustion at levels above ₹98,000 in MCX futures contracts since the last week of April 2025. The article noted that MCX August futures could turn bearish if they close below ₹95,400 per 10 grams, with potential levels of ₹93,200–₹92,400 per 10 grams in a 1–2 week perspective 

This suggests that while the current price is below ₹98,000, there has been a significant upward trend, with ₹98,000 being a recent high or a resistance level.

For silver, the price trend is also upward, with the retail price of ₹100 per gram reflecting a strong demand, consistent with global trends where silver prices have increased by 14.16% since the beginning of 2025, as reported by Tradingeconomics.com. 

Reasons for the Surge

The surge in gold and silver prices is attributed to increased demand for safe-haven assets amid global economic uncertainties. The Times of India article highlights factors such as U.S. fiscal concerns, including Moody's recent downgrade of U.S. sovereign credit, and geopolitical tensions, particularly the Russia-Ukraine conflict. 

These factors have driven investors to turn to gold and silver as reliable stores of value during times of instability.

Additionally, trade disputes, such as U.S. tariff policies, have contributed to market volatility, further boosting the appeal of precious metals. For silver, while specific reasons were not detailed in the sources, it generally follows similar trends as gold, influenced by industrial demand, investment flows, and global economic conditions, as noted by APMEX.com

Detailed Breakdown of Key Metrics

To provide clarity, the following table summarizes the current prices and recent trends for gold and silver in India:

Metric	Retail Price (Gold)	MCX Price (Gold)	Retail Price (Silver)	MCX Price (Silver)
Per Gram	₹9,704	N/A	₹100	N/A
Per 10 Grams/Kg	₹97,040	₹95,731 (10 gm)	₹1,00,000 (kg)	₹98,054 (kg)
Recent High/Potential	N/A	₹98,000 (potential)	N/A	N/A
Year-to-Date Change (Global Trend)	N/A	+24.97% (gold)	N/A	+14.16% (silver)

This table illustrates the current pricing and highlights the potential for MCX gold to reach ₹98,000, as well as the upward trends in both metals.

Economic and Market Context

The performance of gold and silver prices builds on previous trends, with reports from March 2025 showing significant increases driven by geopolitical tensions and economic uncertainties

For silver, the industrial demand, particularly in solar energy and electronics, also contributes to its price movement, as reported by Silverprice.org

The current prices of gold and silver in India reflect a significant upward trend, with MCX gold at approximately ₹95,731 per 10 grams and silver at ₹100 per gram, driven by increased demand for safe-haven assets amid global economic uncertainties. The potential for MCX gold to reach ₹98,000 per 10 grams, as discussed in recent reports, indicates a recent high, though current prices are slightly below this level. This analysis, based on recent reports and market data, provides a compre

标签:   游戏头条 资讯头条 ggamen科技资讯 ggamen科技 ggamen科技资讯头条 科技资讯头条 ggamen游戏财经 新闻网 科技新闻网 科技新闻 ggamen游戏新闻网 科技新闻 科技新闻网 新闻网 ggamen游戏财经 ggamen科技资讯头条 ggamen科技 ggamen科技资讯 资讯头条 游戏头条 ggamen ggamen游戏新闻网 科技新闻 科技新闻网 新闻网 ggamen游戏财经 科技资讯头条 ggamen科技资讯头条 ggamen科技资讯 资讯头条