The price dip is likely influenced by positive global market momentum, triggered by a major U.S. trade court ruling on Wednesday.

Gold Price Dips on 29 May 2025, Affected by Global Market Momentum – Latest News:Gold prices in India witnessed a notable decline on 29 May 2025, offering potential buying opportunities for investors and jewellery buyers.

According to GoodReturns data as of 3 PM Thursday, the prices are:
•    24-carat gold: Rs 9,704 per gram – down by Rs 44
•    22-carat gold: Rs 8,995 per gram – down by Rs 40
•    18-carat gold: Rs 7,278 per gram – down by Rs 33

These rates are based on inputs from reputed jewellers across the country.

The price dip is likely influenced by positive global market momentum, triggered by a major U.S. trade court ruling on Wednesday. The court invalidated the Trump-era tariffs that had been in effect since January 2025. This move reduced gold’s appeal as a safe-haven asset and led to a strengthening of the U.S. dollar, both of which typically drive gold prices downward.

The U.S. Court of International Trade stated that the U.S. Constitution gives Congress the sole authority to regulate trade with foreign nations, and that this authority cannot be ‘overridden by the President’s emergency powers,’ which are intended to safeguard the economy.

The Trump administration has announced its intention to appeal the decision to the Federal Appeals Court and may escalate the matter to the U.S. Supreme Court.

Meanwhile, The Economic Times suggests that MCX Gold may resume its upward trajectory, potentially reaching Rs 98,000 per 10 grams, supported by geopolitical tensions and inflationary pressures.

On 28 May, there was no change in gold prices across all carat segments compared to 27 May.

Stay updated with local gold rates to make informed decisions, whether for investment or jewellery purchases.

Gold Price in Major Indian Cities for 29 May 2025:

(For more news apart from Gold Price Dips on 29 May 2025, Affected by Global Market Momentum, stay tune to Rozana Spokesman)