Gold, Silver Prices Fall in India’s Bullion Markets on April 10
Gold and silver prices declined in India’s domestic bullion markets on Friday, tracking global trends and reduced safe-haven demand. The fall comes amid easing geopolitical concerns and a stronger U.S. dollar.
Key Announcements / Highlights
- Gold prices dropped by up to ₹2,360 per 10 grams
- Silver fell sharply by as much as ₹5,200 per kilogram
- 24-carat gold ranged between ₹1,51,470 and ₹1,52,720 across cities
- Silver priced at ₹2,54,900 per kg in Delhi
Prices Across Major Cities
In Delhi, 24-carat gold was priced at ₹1,51,620 per 10 grams, while 22-carat gold stood at ₹1,38,990.
Mumbai reported slightly lower rates, with 24-carat gold at ₹1,51,470 and 22-carat at ₹1,38,840. Similar price levels were recorded in Kolkata and Bengaluru.
In Chennai, gold prices were on the higher end, with 24-carat gold at ₹1,52,720 and 22-carat at ₹1,39,990 per 10 grams.
Other cities such as Ahmedabad, Bhopal, Patna, Lucknow, and Jaipur showed minor variations within the same range. Southern markets including Hyderabad and Bhubaneswar also followed similar pricing trends.
Silver prices saw a sharper decline, with rates in the national capital quoted at ₹2,54,900 per kilogram.
What’s Driving the Decline
Market observers attribute the drop in bullion prices to global factors, particularly the strengthening of the U.S. dollar and easing geopolitical tensions. These developments have reduced the appeal of gold and silver as safe-haven assets.
Additionally, investors are closely watching upcoming economic indicators, which are influencing short-term trading sentiment in commodity markets.
Context / Background
Gold and silver are traditionally considered safe-haven investments, attracting demand during periods of uncertainty. However, when global conditions stabilize or currency strength increases, prices often face downward pressure.
Domestic bullion rates in India are also influenced by international prices, currency movements, import duties, and local demand.
Public Impact
The decline in prices may offer a window of opportunity for buyers, particularly ahead of the wedding and festive seasons when demand for gold typically rises.
For investors, however, the price movement signals continued volatility, driven by global economic factors.
With bullion markets responding to international cues, gold and silver prices may remain sensitive to currency movements and geopolitical developments in the near term. Market participants are expected to monitor global trends closely before making further investment decisions.
Inputs & Images: Hindusthan Samachar
Edited by: Pushkarini Annabathula
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Last Updated on: Friday, April 10, 2026 3:05 pm by Pushkarini Annabathula | Published by: Pushkarini Annabathula on Friday, April 10, 2026 3:05 pm | News Categories: Latest
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