Today, Thursday, April 23, 2026, heavy selling pressure is being seen in the bullion market. After yesterday’s rise, gold and silver prices have fallen today, creating panic among investors. Notably, silver prices are witnessing a steep decline.
Today both gold and silver became cheaper
Due to weak signals from global markets and profit-booking at the domestic level, a big fall in gold and silver prices has been recorded today. As soon as trading started on MCX, both these precious metals went into the ‘red zone’.
gold prices
On MCX, gold with expiry of June 05, 2026 is trading at the level of ₹1,52,064.00 today. Compared to yesterday, it has decreased by ₹593.00 (0.39%). Amid continuous fluctuations, this softening in gold prices may provide some relief to buyers.
Heavy fall in silver prices
Today was a shock for silver buyers. Silver with expiry of May 05, 2026 has fallen to ₹ 2,43,500.00 per kg. Today a huge fall of ₹4,864.00 (1.96%) has been recorded in its price. All the gains made yesterday were lost in one fell swoop today.
Why such a big decline? impact of international market
According to experts, the increased pressure on gold and silver is due to the strengthening of the US dollar index internationally and increase in bond yields. Additionally, sudden slowdown in industrial demand has also pushed silver prices down.
Advice for investors: Is it the right time to buy?
In view of the huge fluctuations going on in the market at the moment, small investors are being advised to adopt the strategy of “Wait and Watch”. However, for those who want to buy jewelry for weddings, this fall may prove to be a good opportunity. Before purchasing, please check the local bullion rates in your city.