The trend of decline in domestic gold prices continues. On the morning of April 24, gold became even cheaper. In the capital Delhi, the price of 24-carat gold fell to ₹153,690 per 10 grams. In Mumbai, the rate fell to ₹153,540 per 10 grams. Exactly a day earlier, in Delhi’s bullion market, gold prices had fallen by ₹900 to close at ₹156,100 per 10 grams. Meanwhile, in the international market, spot gold is trading at $4,738.40 an ounce.
Experts believe that the strengthening of the dollar and the rise in oil prices have weakened the market sentiment. A rise in yields on US bonds also contributed to the fall in gold prices. The 10-year bond yield rose about 0.03 percent to 4.32 percent. This further reduced the attractiveness of safe-haven assets like gold. Additionally, continued market uncertainty arising from rising tensions between Iran and the US around the Strait of Hormuz—a vital sea route—is impacting gold buying.
Gold rates in major cities of the country
**Gold Price in Delhi:** In Delhi, the price of 24-carat gold is ₹153,690 per 10 grams. The rate of 22-carat gold is ₹140,890 per 10 grams.
**Mumbai and Kolkata:** Currently, in Mumbai and Kolkata, the price of 22-carat gold is ₹140,740 per 10 grams, while the price of 24-carat gold is ₹153,540 per 10 grams.
**Gold Price in Chennai:** 24-carat gold price is ₹154,470 per 10 grams. The rate of 22-carat gold is ₹141,590 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, 24-carat gold is priced at ₹153,540 per 10 grams, while 22-carat gold is priced at ₹140,740 per 10 grams.
silver prices
Like gold, the prices of another precious metal—silver—have also seen a decline. On the morning of April 24, prices fell to ₹259,900 per kg. Just a day earlier, in Delhi’s bullion market, silver prices had fallen by ₹5,300 to ₹250,000 per kg. In the international market, spot silver is trading at $76.37 an ounce.