New Delhi/Patna: Gold and silver prices recorded a sharp decline on April 28, according to data from the India Bullion and Jewellers Association (IBJA), as markets witnessed profit-booking and global uncertainties.
Gold Slips From Recent Levels
The price of 10 grams of 24-carat gold fell by Rs 1,629 to around Rs 1.50 lakh, down from approximately Rs 1.51 lakh recorded earlier this week.
Despite the dip, gold remains significantly higher than its level at the start of the year, when it was priced at around Rs 1.33 lakh per 10 grams.
However, the metal has declined by about Rs 26,000 from its all-time high of Rs 1.76 lakh recorded in January 2026.
Silver Sees Sharper Fall
Silver prices witnessed a steeper drop, falling by Rs 5,381 to about Rs 2.38 lakh per kg, compared with Rs 2.49 lakh on April 27.
The metal has shown greater volatility than gold this year, with a sharp correction from its peak levels.
From an all-time high of Rs 3.86 lakh per kg in January, silver has fallen by around Rs 1.48 lakh over the past three months.
Market Drivers
Analysts attribute the recent decline to profit-booking after a strong rally earlier in the year, along with geopolitical factors influencing global commodity markets.
While gold is traditionally viewed as a safe-haven asset, fluctuations in international conditions continue to impact pricing trends.
Market experts expect continued volatility in the near term, with prices likely to respond to global economic signals, geopolitical developments and investor sentiment.
