New Delhi/Patna: Prices of gold and silver have edged lower in the first week of April, offering some relief to buyers and investors amid continued volatility in global markets.
Despite geopolitical tensions — including strains between the United States and Iran — and a strengthening US dollar, domestic prices have softened slightly, reflecting shifting investor sentiment and demand patterns.
Gold prices have declined by around 1.33% over the past week. As of the latest market trends, 24-carat gold is trading at approximately Rs 15,092 per gram.
Gold prices (per 10 grams)
- 24 carat: Rs 1,50,920 (down Rs 10)
- 22 carat: Rs 1,38,340 (down Rs 10)
- 18 carat: Rs 1,13,190 (down Rs 10)
Market analysts attribute the dip partly to a stronger US dollar, which typically reduces the appeal of gold as a safe-haven asset. However, domestic demand in India has remained steady, particularly with the wedding season supporting retail buying.
City-wise gold prices (per gram)
- Mumbai, Kolkata, Bengaluru: Rs 15,092 (24K)
- Delhi: Rs 15,107 (24K)
- Chennai: Rs 15,217 (24K)
- Patna, Ranchi: Rs 15,256 (24K)
Silver sees sharper decline
Silver prices have also witnessed a notable drop, falling by up to 2% so far this month. The metal is currently trading at around Rs 249.90 per gram.
The decline is largely attributed to reduced industrial demand and broader global economic concerns, which tend to weigh more heavily on silver compared with gold.
Silver prices
- 1 gram: Rs 249.90 (down Rs 0.10)
- 100 grams: Rs 24,990 (down Rs 10)
- 1 kilogram: Rs 2,49,900 (down Rs 100)
City-wise silver prices
- Mumbai, Delhi, Kolkata, Bengaluru: Rs 2,49,900 per kg
- Chennai: Rs 2,54,900 per kg
- Patna, Ranchi: Rs 2,55,000 per kg
Opportunity for investors?
Analysts suggest that the current dip may present a buying opportunity, particularly for long-term investors. While gold continues to serve as a hedge against inflation and uncertainty, silver’s dual role as both an industrial and investment metal makes it more sensitive to economic cycles.
With global cues still uncertain, price movements in the coming weeks are likely to remain volatile, keeping both buyers and investors watchful of further trends.
