New Delhi/Patna: Gold and silver prices declined on April 7, continuing a recent downward trend after hitting record highs earlier this year.
According to the India Bullion and Jewellers Association, the price of 10 grams of 24-carat gold fell by Rs 2,000 to Rs 1.47 lakh, down from Rs 1.49 lakh in the previous session. Silver prices also dropped, with one kilogram declining by Rs 3,000 to Rs 2.31 lakh.
Prices retreat from January highs
Gold had surged at the beginning of 2026, reaching an all-time high of Rs 1.76 lakh per 10 grams on January 29. However, it has since fallen by around Rs 29,000 from its peak.
Market analysts attribute the decline to profit-booking by investors and ongoing geopolitical tensions, including the conflict involving Iran, which have influenced global commodity trends.
Silver sees sharper fall
Silver has recorded a steeper decline compared with gold, reflecting its higher volatility. The metal has dropped from an all-time high of Rs 3.86 lakh per kilogram on January 29 to Rs 2.31 lakh at present — a fall of Rs 1.54 lakh.
Experts note that silver’s dual role as both an industrial and investment metal makes it more sensitive to global economic shifts, leading to sharper price movements.
Market outlook
While the recent dip may provide a window for buyers, analysts caution that prices could remain volatile in the near term, driven by global economic uncertainty and investor sentiment.
Both gold and silver continue to be closely watched by investors as indicators of broader market trends and risk appetite.
