Bullion rates fall across major cities as easing geopolitical tensions and stronger dollar reduce demand
Gold and silver prices witnessed a notable decline across India’s domestic bullion markets on Friday, reflecting softer global trends and reduced safe-haven demand. The drop comes after recent gains, as investors reassess global economic conditions and currency movements.
Prices of both precious metals fell across major cities, with gold declining by over ₹2,000 per 10 grams and silver registering a significant drop per kilogram.
Gold and Silver Prices See Sharp Correction
Gold prices fell by up to ₹2,360 per 10 grams compared to the previous session. As a result:
- 24-carat gold is now trading between ₹1,51,470 and ₹1,52,720 per 10 grams
- 22-carat gold is priced between ₹1,38,840 and ₹1,39,990 per 10 grams
Silver also declined, with prices falling by around ₹5,200 per kilogram. In Delhi, silver is currently trading near ₹2,54,900 per kg.
City-Wise Price Trends
The downward trend was visible across major bullion centres:
- Delhi: 24K gold around ₹1,51,620 per 10 grams
- Mumbai: Approximately ₹1,51,470
- Chennai: Higher range at about ₹1,52,720
- Kolkata, Bengaluru, Hyderabad: Around ₹1,51,470
Other cities such as Ahmedabad, Jaipur, Lucknow, and Patna reported similar price levels, indicating a broad-based correction across the country.
Key Factors Behind the Decline
Market participants attribute the fall in bullion prices to:
- Easing geopolitical tensions reducing safe-haven demand
- Strengthening of the U.S. dollar, making gold costlier globally
- Profit booking after recent price rallies
- Anticipation of key economic data influencing global markets
These factors have led to a temporary cooling in investor interest in precious metals.
Context: Volatility in Bullion Markets
Gold and silver prices are highly sensitive to global developments, including currency fluctuations, interest rate expectations, and geopolitical risks. After a recent surge driven by uncertainty, the current decline reflects a shift in market sentiment.
In India, bullion prices also respond to domestic demand cycles, particularly during festive and wedding seasons.
Public Impact
The fall in prices may have mixed effects:
- Buyers may find this a favourable time for jewellery purchases
- Investors could reassess short-term positions in bullion
- Jewellers may see renewed demand due to lower prices
- Import costs may ease slightly if the trend continues
For consumers planning purchases, the dip could provide a temporary opportunity before prices stabilise again.
Conclusion
The recent drop in gold and silver prices highlights the dynamic nature of bullion markets, where global and domestic factors interact to influence trends. While the current correction reflects easing concerns and currency movements, future price direction will depend on global economic signals and investor sentiment.
Market watchers will continue to track developments closely, particularly in global financial conditions and geopolitical stability.
Input & Images : Hindusthan Samachar
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Last Updated on: Friday, April 10, 2026 4:51 pm by Monisha Angara | Published by: Monisha Angara on Friday, April 10, 2026 4:51 pm | News Categories: Business
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