Gold prices in India remained firm on the day, with 24-karat gold (99.9% purity) priced at ₹15,442 per gram, while 22-karat gold (91.6% purity) stood at ₹14,155 per gram. The rate for 18-karat gold (75% purity) was recorded at ₹11,582 per gram.

Traditionally viewed as a reliable safeguard against inflation, gold continues to attract investor interest amid economic uncertainties.

Meanwhile, silver prices in India were recorded at ₹260 per gram, with the metal priced at ₹2,60,000 per kilogram. Unlike gold, silver rates are closely linked to movements in global markets and tend to fluctuate accordingly.

Domestic prices are also influenced by currency trends, particularly the rupee’s performance against the US dollar.

A weaker rupee, even if international silver prices remain unchanged, can push local prices higher, making the metal more expensive for buyers in India.

City24K Gold (₹/g)22K Gold (₹/g)18K Gold (₹/g)Silver (₹/10g)Silver (₹/kg)
Chennai15,52414,23011,8702,7002,70,000
Mumbai15,44214,15511,5822,6002,60,000
Delhi15,45714,17011,5872,6002,60,000
Kolkata15,44214,18511,5822,6002,60,000
Bengaluru15,44214,15511,5822,6002,60,000
Hyderabad15,44214,15511,5822,7002,70,000
Kerala15,44214,15511,5822,7002,70,000
Ahmedabad15,44714,16011,5872,6002,60,000

Gold rates in April

Gold Rates24K22K
1 April rate₹ 15,295₹ 14,020
27 April rate₹ 15,442₹ 14,155
Highest rate in April₹ 15,578 (18 April)₹ 14,280 (18 April)
Lowest rate in April₹ 14,897 (02 April)₹ 13,655 (02 April)
Price TrendRising (+0.96%)Rising (+0.96%)

Gold prices in India are influenced by a mix of global cues and domestic factors, which together determine the per gram rate on any given day.

A key driver is currency movement. When the Indian rupee weakens against the US dollar, gold becomes costlier in the domestic market as it is largely imported.

International developments also play a significant role. Factors such as geopolitical uncertainty, shifts in global economic growth, and the strength of the dollar against other major currencies can cause price fluctuations.

In addition, global demand for the precious metal directly impacts rates: strong demand tends to push prices higher, while subdued buying can lead to a decline.

Interest rates are another crucial element. When major economies like the US raise interest rates, gold often becomes less attractive compared to interest-bearing assets, leading to softer prices. Conversely, lower interest rates typically support gold prices.

Government policies, including import duties and taxation, further shape domestic rates, adding another layer to how gold prices are ultimately determined in India.