Gold and Silver Rates Today, April 7, 2026: Gold and silver prices have declined today. In early trading on the MCX, gold prices fell by over ₹350, while silver became cheaper by ₹1,550. Let’s take a look at all the essential updates regarding gold and silver prices here.
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New Delhi: Gold and silver prices witnessed a decline during early trading today. On the MCX, gold became cheaper by ₹350 in early trade, while silver prices dropped by more than ₹1,550. Gold for June 5 delivery had closed at ₹149,981 per 10 grams in the previous session and opened today at ₹149,759. In early trading, it fell to a low of ₹149,625, marking a decline of approximately ₹350.
At 9:15 AM, gold was trading on the MCX at ₹149,766, down by ₹215. Similarly, silver for May 5 delivery had closed at ₹233,379 per kilogram in the previous session. Today, it opened at ₹232,000 and dipped to ₹231,800 during early trading. At 9:20 AM, it was trading at ₹232,894, reflecting a decline of ₹485.
Spot Prices
According to GoodReturns, gold prices have declined. At 9:50 AM, 24-carat gold was trading at ₹149,840 per 10 grams, marking a drop of ₹820. Similarly, the price of 22-carat gold fell by ₹750, standing at ₹137,350. 18-carat gold is trading at ₹112,380, down by ₹610. Silver is priced at ₹250,000 per kilogram.
Gold Rates in Major Cities (10:00 AM)
| City | 24K | 22K | 18K |
| Delhi | ₹149990 | ₹137500 | ₹112530 |
| Mumbai | ₹149840 | ₹137350 | ₹112380 |
| Kolkata | ₹149840 | ₹137500 | ₹112380 |
| Chennai | ₹151200 | ₹138600 | ₹115600 |
| Lucknow | ₹149990 | ₹137500 | ₹112530 |
| Patna | ₹149890 | ₹134700 | ₹112430 |
| Jaipur | ₹149990 | ₹137500 | ₹112530 |
| Indore | ₹149890 | ₹137400 | ₹112430 |
| Bhopal | ₹149890 | ₹137400 | ₹112430 |
Bullion Prices
Earlier on Monday, gold and silver prices witnessed a rise in the national capital’s bullion market. This was attributed to softening crude oil prices and a weakening US dollar. According to the All India Bullion Association, silver prices have now risen to ₹2.42 lakh per kilogram. Meanwhile, gold has climbed to ₹1.53 lakh per 10 grams.
Furthermore, according to the Indian Bullion and Jewellers Association (IBJA), by the time the market closed on Monday, the price of 24-carat gold had risen to ₹1,48,900 per 10 grams. This figure excludes 3% GST and making charges.
What Are the Experts Saying?
Analysts stated that the precious metals market witnessed a recovery driven by buying activity following a recent decline. Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, noted that gold prices rebounded as traders increased their buying at lower levels. This trend was bolstered by a softening of the US dollar and a decline in crude oil prices. Precious metals are expected to remain sensitive to geopolitical developments unfolding in the Middle East. These factors will continue to play a significant role in determining the direction of domestic markets.
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