New Delhi: Gold and silver prices have recorded a sharp decline over the past month, reflecting global economic uncertainty and shifting investor sentiment.
According to data from the Indian Bullion and Jewellers Association, gold prices fell by around Rs 26,293 per 10 grams between March 5 and early April.
On March 5, 2026, gold was priced at Rs 1,60,586 per 10 grams. By April 2, it had dropped to around Rs 1,46,608 per 10 grams, marking a significant fall within a short period.
Silver prices also followed a similar trend. The metal declined by approximately Rs 36,393 per kilogram, falling from Rs 2,64,212 per kg on March 5 to around Rs 2,27,813 per kg in early April.
Officials said no fresh prices were announced over the weekend due to market holidays. As of April 2, the rate of 24-carat gold stood at Rs 1,45,507 per 10 grams. Other variants included 23-carat gold at Rs 1,44,924, 22-carat at Rs 1,33,282, 18-carat at Rs 1,09,130 and 14-carat at Rs 85,122 per 10 grams. Silver was trading at around Rs 2,24,660 per kg.
Analysts attribute the decline to ongoing global instability, particularly due to geopolitical tensions impacting commodity markets. Rising crude oil prices, which have crossed Dollar100 per barrel in international markets, have increased inflation concerns.
At the same time, the strengthening US dollar has drawn investors away from gold, traditionally seen as a safe-haven asset. With expectations of possible interest rate hikes by central banks, investors are increasingly shifting towards dollar-based assets.
Market experts advise caution, noting that precious metal prices can remain volatile in the current global environment.
