Gold prices in India continued their downward trend on April 23, reflecting weakness in global cues and rising uncertainty in international markets. Both gold and silver saw notable declines, offering some relief to buyers after recent highs.
Here’s a detailed look at today’s gold and silver rates across major cities and the key reasons behind the fall.
In Delhi, gold prices dropped again:
This comes after a sharp fall of around ₹300 in the previous session, indicating continued pressure on bullion prices.
Gold prices remain slightly higher in southern cities like Chennai compared to other regions.
The decline in gold prices is largely linked to global developments:
Statements and actions by Donald Trump regarding extending the ceasefire have not fully eased geopolitical tensions. The lack of progress in peace talks has strengthened the dollar, which typically puts pressure on gold prices.
When the dollar strengthens, gold becomes more expensive for international buyers, leading to reduced demand and price corrections.
Silver followed gold’s trend and slipped further:
The fall in silver mirrors the broader weakness in precious metals due to global market pressures.
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) |
|---|---|---|
| Delhi | 1,41,990 | 1,54,890 |
| Mumbai | 1,41,840 | 1,54,740 |
| Ahmedabad | 1,41,890 | 1,54,790 |
| Chennai | 1,42,490 | 1,55,450 |
| Kolkata | 1,41,840 | 1,54,740 |
| Hyderabad | 1,41,840 | 1,54,740 |
| Jaipur | 1,41,990 | 1,54,890 |
| Bhopal | 1,41,890 | 1,54,790 |
| Lucknow | 1,41,990 | 1,54,890 |
| Chandigarh | 1,41,990 | 1,54,890 |
With prices easing slightly:
Gold and silver prices have softened again on April 23 due to global uncertainty and a stronger dollar. While the dip provides some relief, market volatility remains high.
Investors and buyers should stay cautious, track global developments, and make informed decisions based on their financial goals.
