Sharp Drop in Gold Rate In India Today, April 15; 24K, 22K, 18K Gold Off Record Peak; Silver Slips Below 1L

Gold price in India today slipped once again for the second consecutive decline in the third week of April. The dip comes after gold prices recently hit a record high, with 24-carat gold crossing the Rs. Rs.95,600 per 10-gram mark last week, setting a fresh record for the year.

The gold market in India has been experiencing extreme volatility due to global uncertainties and trade tensions, which triggered a massive rally in gold prices in India. However, this week, gold rates in India are showing signs of cooling off, with prices falling by nearly Rs. 4,900 per 100 grams for 24K gold. Despite the recent correction, analysts believe the overall upward trend in gold prices remains intact. According to experts, as long as concerns over tariffs and global economic uncertainty persist, bullion prices may stay supported in the near term.

Gold Rate in India Today

As of Tuesday, April 15, the 24-carat gold rates in India fell by Rs. 350 per 10 grams to cost Rs. 95,180. While the 22-carat gold price in India dropped by Rs. 330 per 10 grams, to cost Rs. 87,200. In the 18-carat gold rates slipped by Rs. 290 to retail at Rs. 71,350 per 10 grams.

And just like that, 100 grams of 24-carat gold rate stands at Rs 9,51,800, and the 22-carat gold rate is currently at Rs 8,72,000 per 100 grams of gold.

Silver Prices in India Today

Silver rates in India today fell slightly for the second time this week. 1 kg of silver in India slipped Rs. 100 to cost Rs. 99,800. While 100g of silver rates in India retails at Rs 9,980, which fell by Rs 10.

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

The current gold prices for 22-carat gold and 24-carat gold in major Indian metropolitans are similar to Indian gold prices today.

Gold Price in Chennai

As of April 15, the 24-carat gold price in Chennai stands at Rs. 95,180 per 10 grams, while the 22-carat gold price in Chennai stands at Rs. 87,200 per 10 grams.

Gold Price in Bangalore

As of today, the 22-carat gold rate in Bangalore stands at Rs. 87,200 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs. 95,180 per 10 grams.

Gold in Price in Hyderabad

The 22K gold price in Hyderabad is Rs. 87,200 per 10 grams, while the 24K gold price in Hyderabad is Rs. 95,180 per 10 grams.

Gold Price in Mumbai

The 22-carat gold rates in Mumbai is Rs. 87,200 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs. 95,180 per 10 grams.

MCX Gold Price and Silver Price

Gold prices on the MCX (Multi Commodity Exchange) jumped today. Currently, gold futures prices due to mature on June 5th, 2025, stand at Rs. 93,274 with a rise of 0.2%. Silver futures, with an expiration date of May 5, 2025, saw a decline this morning, trading 0.05% lower at Rs. 94,826.

"MCX Gold June is expected to move towards ₹92,500 as long as it trades under the Rs. 93,800 level. MCX Silver May is expected to extend its rebound toward ₹96,200 as long as it trades above the Rs. 93,000 level." according to Commodity outlook By ICICI Direct.

Spot Gold Price and Spot Silver Rate

According to a latest report by Reuters, "Spot gold gained 0.4% to $3,221.70 an ounce, as of 0245 GMT. Bullion hit a record high of $3,245.42 on Monday. U.S. gold futures rose 0.4% to $3,237.60. Spot silver lost 0.4% to $32.22." according to Commodity outlook By ICICI Direct.

Market Outlook for Gold Prices in India

As per the latest report from ICICI Direct Research, "Spot gold prices retreated from their record high on Monday amid improved risk sentiments and profit booking. Risk sentiments have improved after the US Trump administration exempted smartphones and computers from steep tariffs on China. Gold is expected to take a breather and move lower amid easing trade war concerns. Profit booking and improved risk sentiments would bring correction in price towards $3180 per ounce. The broader trend still remains positive amid trade war uncertainty and increasing inflows into the bullions. Further, weakness in the dollar and escalating trade tension between the US and China would bring more investment into the bullions. On the data front, a higher call base at the 3250 strike would act as a key hurdle for prices. Meanwhile, immediate support holds near USD 3150."

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.