On April 4, 2026, gold prices experienced a slight decline across various purity levels and cities in India, following recent gains amid a global correction. Conversely, silver prices remained resilient, holding steady at around ₹2.49 lakh per kilogram, supported by steady industrial and investment demand.
Internationally, spot gold prices fell sharply, dropping nearly 2.8% to approximately $4,650 per ounce. The decline was attributed to easing geopolitical tensions and shifting expectations regarding US interest rate cuts, which reduced the safe-haven appeal of gold. Investors opted to take profits, leading to a temporary cooling-off in bullish momentum.
In India, gold prices across 24-carat, 22-carat, and 18-carat purity levels registered marginal declines. The price of 24-carat gold (99.9% purity) was quoted at ₹14,896 per gram, while 22-carat gold (91.6% purity) traded at ₹13,654 per gram. The 18-carat variant (75% purity) was priced at ₹11,172 per gram.
Compared to the previous day, 18-carat gold saw a minor decrease of ₹1 per gram, with 10 grams valued at ₹1,11,720, down by ₹10. Larger quantities reflected the same trend, with 100 grams now costing ₹11,17,200—a reduction of ₹100. Similarly, 22-carat gold slipped by ₹1 per gram, with 10 grams at ₹1,36,540 and 100 grams at ₹13,65,400, both lower by ₹10 and ₹100 respectively.
City-wise, gold prices remained largely uniform across major metros. Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune reported 24-carat gold at ₹14,896 per gram. Delhi’s rates were slightly higher at ₹14,911, while Chennai traded at a premium, with 24-carat gold priced at ₹14,999 per gram. The 22-carat and 18-carat prices followed similar patterns across these cities.
Despite the recent dip, analysts maintain a cautiously optimistic outlook for gold, citing macroeconomic factors such as central bank buying, currency fluctuations, and inflation concerns that support long-term prices. However, near-term movements are expected to remain sensitive to signals from the US Federal Reserve and geopolitical developments.
In contrast to gold’s decline, silver prices remained steady, supported by consistent investment and industrial demand. The silver rate in India stood at approximately ₹2,49,900 per kilogram, with Sterling Silver (Silver 925) at ₹2,44,000 per kilogram. Retail silver prices across major cities also remained stable, with Silver 999 trading at ₹2,499 per 10 grams in Delhi, Mumbai, Kolkata, and Chennai.
Silver’s resilience is driven partly by its industrial applications, including electronics, solar panels, and manufacturing sectors, which sustain demand despite fluctuations in investment sentiment. This dual demand dynamic has helped silver maintain its strength even as gold experienced a correction.
Overall, while gold has taken a pause after recent gains, both precious metals continue to attract investor attention amid ongoing global economic uncertainties and evolving interest rate cycles.
