Gold Prices Fall Across Indian Bullion Markets; Silver Holds Steady
Gold prices in India declined sharply on April 29, tracking weakness in global markets, while silver remained stable during early trading. The downturn was observed across major cities, with only limited variation in price drops.
Key Announcements / Highlights
- Gold prices fell by ₹2,550–₹2,780 per 10 grams in most cities.
- Chennai recorded a comparatively smaller decline of ₹1,320–₹1,440.
- 24-carat gold is now trading between ₹1,50,920 and ₹1,53,810 per 10 grams across markets.
- 22-carat gold ranges from ₹1,38,340 to ₹1,40,990 per 10 grams.
- Silver prices remained unchanged at ₹2,59,900 per kilogram in Delhi.
- Internationally, gold and silver prices showed marginal movement.
Official Statement
While no formal government statement was issued, market data indicates that the decline reflects ongoing softness in international spot prices. Traders attributed the trend to global market cues and cautious investor sentiment.
Context / Background
Gold prices in India are closely linked to international bullion rates, currency fluctuations, and domestic demand patterns. A fall in global spot prices often leads to immediate corrections in local markets.
On the international front, gold prices edged lower by around 0.12%, while silver prices remained relatively stable. Such movements typically influence domestic pricing benchmarks followed by bullion traders.
Public Impact
The decline in gold prices may offer a short-term opportunity for buyers, particularly in the jewellery segment and for investment purchases. Lower prices can stimulate demand, especially ahead of upcoming festive or wedding seasons.
For investors, however, the trend reflects continued volatility in precious metals, influenced by global economic conditions and market sentiment.
Gold prices in India continue to face downward pressure in line with global trends, while silver has shown stability for now. Market participants are likely to monitor international price movements and currency fluctuations for further direction in the coming days.
Inputs & Images: Hindusthan Samachar
Edited by: Pushkarini Annabathula
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Last Updated on: Wednesday, April 29, 2026 4:15 pm by Pushkarini Annabathula | Published by: Pushkarini Annabathula on Wednesday, April 29, 2026 4:15 pm | News Categories: Latest
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