Fluctuations in the prices of gold and silver are seen not only daily but almost every hour. On the evening of Thursday, April 9, 2026, both gold and silver prices recorded a decline. Gold and silver prices witnessed a decline of around ₹1,200 and ₹8,000 respectively. This development has created a wave of happiness among the buyers in the market.
How much did gold prices fall?
According to the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold fell by ₹1,184 to ₹149,937 per 10 gram. Earlier, the price of 24-carat gold was ₹151,121 per 10 grams. The price of 22-carat gold declined to ₹137,342 per 10 grams from ₹138,427 per 10 grams. 18-carat gold price fell to ₹112,453 per 10 grams; Earlier it was ₹ 113,341 per 10 grams.
How much decline was recorded in silver prices?
Along with gold, a decline was also seen in the prices of silver. Silver prices fell by ₹7,883 to ₹236,158 per kg, lower than its previous level of ₹244,041 per kg. In the futures markets, mixed trends were seen in gold and silver trading. At the time of writing this report, the price of gold contract for June 5, 2026 was up 0.47 per cent at ₹152,488, while the price of silver contract for May 5, 2026 was down 0.60 per cent at ₹238,483.
state of international markets
Selling pressure was seen in both gold and silver in the international markets. Gold stood at $4,770 an ounce, registering a marginal decline of 0.11 per cent, while silver was at $74 an ounce. According to experts, the fall in gold and silver prices is due to profit-booking after the recent rally; Moreover, the rise in crude oil prices has also put downward pressure on both these precious metals. Gold and silver have given excellent returns in the last one year. During this period, the price of gold has increased by about 54 percent, while the price of silver has jumped by 144 percent.
