Gold rate today: Yellow metal gets cheaper; check the latest prices in your city on May 29

Gold rate today

Gold prices experienced a decline on May 29, driven by several global factors. Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 94,900 per 10 gram today.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on May 29:

"Gold prices traded weak in the first half of the session after the FOMC meeting minutes indicated that the U.S. Federal Reserve is unlikely to ease interest rates in the near term, maintaining a data-dependent stance. Additional pressure came from trade developments, as a U.S. court ruled against certain Trump-era retaliatory tariffs, further easing trade tensions," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Also read: India's gold hoard up 7% at 879.59 tonnes in FY25

"Today, gold extended its decline for a fourth consecutive session, trading near $3,290 per ounce as sentiment improved after a US trade court blocked President Trump’s global tariff agenda, providing a temporary lift to investor confidence. The court ruling nullified Trump flat tariffs, elevated duties on China and others, as well as fentanyl-related tariffs on China, Canada, and Mexico. Investors are now keenly awaiting US preliminary GDP, weekly jobless claims, and pending home sales, for further economic cues," said Kaynat Chainwala, AVP-Commodity Research, Kotak Securities.