Gold & Silver Price Today in India: Precious metals continued their downward trend on April 8, marking the third consecutive day of decline for gold and the fifth day of weakness for silver. A combination of global and domestic factors—including easing geopolitical tensions and a reduction in India’s base import prices—has pushed bullion rates lower across major cities.

Gold Prices Decline Further Across India

After remaining largely stable earlier this week, gold prices have resumed their downward movement. In the national capital, Delhi, the price of 24-carat gold dropped by ₹10 per 10 grams, while 22-carat gold also declined by the same margin. Over the past two days alone, 24-carat gold has fallen by ₹1,110 per 10 grams, and 22-carat gold has slipped by ₹1,010.

This consistent drop reflects a cooling in demand as well as easing global uncertainty. Analysts point out that recent geopolitical developments—particularly a ceasefire between the United States and Iran—have reduced safe-haven demand for gold, leading to softer prices.

Latest Gold Rates in Top 10 Cities (Per 10 Grams)

Here’s a look at the latest gold prices across major Indian cities:

Among these, Chennai continues to record the highest gold prices, while most other cities are witnessing similar rate trends.

Silver Prices Also See Decline

Silver prices have also taken a hit after remaining stable for several days. In Delhi, silver prices fell by ₹100 per kilogram, bringing the current rate to ₹2,49,900 per kg. Similar pricing trends were observed in Mumbai and Kolkata.

However, Chennai stands out again, where silver is trading at ₹2,54,900 per kg, making it the costliest among major metropolitan cities.

Why Are Gold and Silver Prices Falling?

Market experts attribute the recent fall in bullion prices to a mix of global and domestic developments:

• Geopolitical Relief: The ceasefire between the US and Iran has reduced uncertainty, lowering the demand for gold as a safe-haven asset.
• Import Price Cuts: The Indian government has reduced the base import price of gold and silver, making them cheaper domestically. Reports suggest that silver import prices have been cut by nearly 14%, while gold imports are now about 7.6% cheaper.
• Lower Costs for Jewellers: Reduced import prices are expected to bring down raw material costs for jewellery companies, potentially benefiting consumers in the long run.

What Lies Ahead for Bullion Markets?

According to market analysts, the future direction of gold and silver prices will depend on key economic indicators and policy developments. Investors are closely watching global data such as the US Services PMI, GDP figures, durable goods orders, and inflation indicators like the CPI and PCE index.

Domestically, the upcoming monetary policy decision by the Reserve Bank of India (RBI) is also expected to influence market sentiment. Any signals on interest rates or inflation control could impact investment flows into gold and silver.

Should You Buy Now?

With prices dipping for consecutive days, some investors may see this as a buying opportunity. However, experts advise caution, recommending that individuals assess their financial goals and consult certified advisors before making investment decisions.

Disclaimer: The views and recommendations mentioned above are based on expert opinions and market analysis. Investors are advised to consult financial professionals before making any investment decisions.