Gold Rate in India Today Falls For 4th Session: Back-to-Back Drop in 24K , 22K, 18K Gold Prices; Silver Firm

Gold prices in India continued their fall for the fourth consecutive session as global markets face intense pressure due to rising trade tensions caused by the U.S. tariff war. The week began on a bearish note, with gold rates in India slipping from record-high levels. In the last four trading sessions alone, gold prices have dropped by nearly Rs. 3,650 per 10 grams of 24K gold, marking a sharp 4% decline. The 24-carat gold rate is back below the Rs. 90,000 per 10-gram level. Meanwhile, spot gold prices also dipped below the key $3,000 per ounce mark. However, early signs of recovery are visible today, with global bullion prices gaining around 0.5%, as the escalating trade war between the U.S. and other countries has once again boosted demand for yellow metal.

Gold Rate in India Today

As of April 8th, Tuesday, 24-carat gold rates in India fell Rs. 650 per 10 grams to cost Rs. 89,730. While the 22-carat gold price in India slipped sharply. By Rs. 600 per 10 grams, it costs Rs. 82,250. Similarly, the smaller 18-carat gold rates declined by Rs. 490 to retail at Rs. 67,300 per 10 grams.

And just like that, 100 grams of 24-carat gold rates now retail at Rs 8,97,300, and the 22-carat gold rates per 100 grams now cost Rs 8,22,500.

Silver prices in India today

Silver rates in India today remained unchanged for the third consecutive time. On the 8th of April, 1 kg of silver in India cost Rs. 94,000. While 100g of silver rates in India retails at Rs 9,400.

City-Wise Gold Rates: Latest 22-Carat & 24-Carat Prices Across India

The latest gold prices for 22-carat and 24-carat gold in major Indian cities are similar to national gold prices today.

Gold Price in Chennai

The current 24-carat gold price in Chennai is Rs. 89,730 per 10 grams, while the 22-carat gold price in Chennai stands at Rs. 82,250 per 10 grams.

Gold Price in Bangalore

As of today, the 22-carat gold rate in Bangalore stands at Rs. 82,250 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs. 89,730 per 10 grams.

Gold in Price in Hyderabad

The 22K gold price in Hyderabad is Rs 82,250 per 10 grams, while the 24K gold price in Hyderabad is Rs 89,730 per 10 grams.

Gold Price in Mumbai

The 22-carat gold in Mumbai is Rs. 82,250 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs. 89,730 per 10 grams.

MCX Gold and Silver Prices

"MCX Gold June is expected to find support near the 50-day EMA at Rs. 86,200 and rebound towards the ₹88,500 level, while MCX Silver May is expected to find support near Rs. 86,800; if it holds, then it will rebound towards the Rs. 90,500 level. Only if it moves below ₹86,800 would it turn weaker towards Rs. 84,000." As per ICICI Direct Daily Commodities Outlook.

Currently, gold futures prices on the MCX, which are going to mature on June 5th, are trading at Rs. 87,601, jumping 0.77%. Similarly, silver futures prices set to mature on May 5th, 2025, are trading at Rs 89,170, rising by 1.04% on Tuesday.

Spot Gold Price and Spot Silver Rate

"Spot gold prices fell more than 1 % on Monday, whereas silver edged higher with a gain of 1.66%. Precious metals settled mixed yesterday, with gold hitting its 3-week lows. A strong dollar and rebound in US treasury yields has checked the upside in the yellow metal. Moreover, profit booking amid risk-off sentiments also forced investors to lock profits in gold. " the ICICI Direct Daily Commodity research report, said.

According to the latest report from Reuters, "Spot gold rose by 0.5%, reaching $2,996.6 per ounce as of 03:40 GMT. Meanwhile, U.S. gold futures climbed 1.3% to trade at $3,010.70 per ounce. In other precious metals, spot silver edged down slightly by 0.1% to $30.09 per ounce, while platinum gained 1.3% to trade at $925.35 per ounce."

Gold Prices Target and Outlook This Week

"Gold was on track for the worst three-day crash on Monday in more than four years as traders reacted to a slew of headlines related to President Donald Trump's tariff policies. Bullion slipped by as much as 2.7% before paring some losses on Monday. Traders have been selling the precious metal along with other assets since Thursday as Trump's tariffs stoked fears of a global trade war and economic recession. Wall Street executives including Jamie Dimon are speaking out against those policies. Gold's retreat comes just days after the metal hit a record high on haven demand amid growing geopolitical risks. Although gold typically benefits from periods of upheaval and is still up 14% this year, extreme market dislocation sometimes prompts investors to liquidate holdings." As per Nirmal Bang Securities,

The report further mentioned, "We expect precious metal prices on Indian bourses to trade range-bound to slightly higher for the day, as fears that US President Donald Trump's trade war could risk a global economic downturn drove haven demand, signalling a pause in the selloff of the asset in recent days."

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