New Delhi: On April 7, 2026, a slight decline was seen in the prices of gold and silver in India. After the ongoing rise in the last few days, there has been a slight stagnation in the prices today, but the market is still not completely stable. Fluctuations were seen in both the metals on MCX as well.
What are today’s main prices (per 10 grams)
- 24-carat gold: Average around Rs150,650 to Rs151,000 (slight fall from previous day)
- 22-carat gold: Rs 138,090 to Rs 138,400
- 18-carat gold: Rs 112,980 to Rs 113,200
These prices are without GST and booking charges. While buying genuine jewelry, apart from 3% GST, the cost of making it will be 5 to 30%.
What are the 24-carat gold (per 10 grams) prices according to cities?
- Delhi: Rs 150,800 to Rs 151,070
- Mumbai: Rs 150,650
- Kolkata, Bengaluru, Hyderabad, Pune: around Rs 150,650
- Chennai: Rs 152,600 (most expensive)
- Ahmedabad: Rs 150,700
- Ludhiana (Punjab): Around Rs 150,900 to 151,100
Even in 22-carat and 18-carat, Chennai is showing the highest prices, while in North India it is getting slightly cheaper.
What is the silver price (per kg)?
- Delhi, Mumbai, Kolkata: Rs 249,900
- Chennai, Hyderabad: Rs 260,000 (about Rs 10,000 costlier in South India)
Silver remained slightly firm on MCX and was trading above Rs 2,34,000 in futures.
Why were prices affected?
The main reasons are the strengthening of the US dollar, increase in US treasury yields and increasing US-Iran-Israel tension in the Middle East. Oil prices went up due to Trump’s warning regarding the Strait of Hormuz, which affected gold and silver. A few days ago the prices had risen high, but now range-bound trading is taking place due to global uncertainty.
What is the situation in the international market?
Gold on COMEX is around 4,680 to 4,685 dollars an ounce. Silver is trading at 73 dollars an ounce. Gold is down around 12-14% in the last one month, while silver took some support due to industrial demand.
What could happen next?
Prices are expected to remain in the range this week. Everyone’s eyes are on RBI’s monetary policy, America’s economic data and the situation in the Middle East. If tensions increase, gold may again go up as a safe investment. In the long run, geopolitical risks and demand from the Central Bank may maintain a positive trend.
investment advice
Those buying jewelry check the price in the local bullion market. Gold ETFs or sovereign gold bonds are better options for large investments – they do not have the hassle of storage and making. The market is volatile right now, so don’t be hasty.
