Gold prices in India have come down by about ₹5,000 from their record-high levels of nearly ₹1,00,000 per 10 grams. Experts believe this drop is due to a few major factors affecting both global and Indian markets.
Gold prices in India have come down by about ₹5,000 from their record-high levels of nearly ₹1,00,000 per 10 grams. Experts believe this drop is due to a few major factors affecting both global and Indian markets.
Firstly, technical charts, which are used to analyze price patterns, are now showing early signs that the strong upward trend in gold prices might be slowing down. In simple words, it means the prices may not rise as sharply as before, and might even fall a little more. This has made traders and investors cautious.
Another reason behind the easing of gold prices is a slight recovery in the value of the US Dollar. When the dollar gets stronger, gold prices tend to dip a bit since gold becomes more expensive in other currencies. On top of that, comments from US President Donald Trump about reducing trade tariffs on countries like India and Japan have also helped reduce pressure on gold prices globally.
Even though gold is still seen as one of the safest investment options, especially during uncertain times, the extremely high demand we saw earlier has now settled down a little. The premium—extra charges on top of the base price—has also reduced slightly as investors wait to see where the market goes next.
As of this morning (7:55 AM on April 24), gold and silver prices across India are still high, but not as high as last week. Let’s take a look at the updated rates:
Gold and Silver Prices in Mumbai — April 24
Gold bullion rates in Mumbai — ₹94,800/10 gm.
MCX Gold rate in Mumbai — ₹94,751/10 gm.
Silver bullion rate in Mumbai — ₹98,220/kg.
MCX Silver 999 rate in Mumbai — ₹97,925/kg.
Gold and Silver Prices in Bengaluru — April 24
Gold bullion rates in Bengaluru — ₹94,870/10 gm.
MCX Gold rate in Bengaluru — ₹94,751/10 gm.
Silver bullion rate in Bengaluru — ₹98,290/kg.
MCX Silver 999 rate in Bengaluru — ₹97,925/kg.
Gold and Silver Prices in New Delhi — April 24
Gold bullion rates in New Delhi — ₹94,630/10 gm.
MCX Gold rate in New Delhi — ₹94,751/10 gm.
Silver bullion rate in New Delhi — ₹98,050/kg.
MCX Silver 999 rate in New Delhi — ₹97,925/kg.
Gold and Silver Prices in Chennai — April 24
Gold bullion rates in Chennai — ₹95,070/10 gm.
MCX Gold rate in Chennai — ₹94,751/10 gm.
Silver bullion rate in Chennai — ₹98,500/kg.
MCX Silver 999 rate in Chennai — ₹97,925/kg.
Gold and Silver Prices in Kolkata — April 24
Gold bullion rates in Kolkata — ₹94,670/10 gm.
MCX Gold rate in Kolkata — ₹94,751/10 gm.
Silver bullion rate in Kolkata — ₹98,090/kg.
MCX Silver 999 rate in Kolkata — ₹97,925/kg.
Gold and Silver Prices in Hyderabad — April 24
Gold bullion rates in Hyderabad — ₹94,940/10 gm.
MCX Gold rate in Hyderabad — ₹94,751/10 gm.
Silver bullion rate in Hyderabad — ₹98,370/kg.
MCX Silver 999 rate in Hyderabad — ₹97,925/kg.
Gold remains an investor’s top choice, but recent market changes have brought the price down slightly from its all-time highs.
