Gold, Silver rates today (April 23): Prices fall in major Indian cities

Gold and silver prices witnessed a slight decline in India on Thursday, April 23, 2026, tracking global cues as escalating tensions in the Middle East weighed heavily on commodity markets.

Gold prices in major cities today (per gram)

These developments have revived fears of disruptions in global energy supplies, adding to inflation concerns and triggering volatility across financial markets.

Despite gold traditionally being viewed as a safe-haven asset during crises, prices have seen a significant correction in recent weeks.

Since the onset of the US-Iran conflict in late February, gold has fallen roughly 9%, while silver has dropped around 14%.

Silver rate today

The price of silver in India today is ₹260 per gram. The prices continue to hover at elevated levels, with the metal trading close to ₹2,60,000 per kilogram in the domestic market today (April 23, 2026), despite a sharp dip in global prices.

Market experts note that retail buyers should factor in additional costs such as GST, making charges, and other levies, which can significantly increase the final purchase price. With geopolitical risks still unfolding, analysts expect continued volatility in bullion prices in the near term.