In a surprising turn for bullion buyers, gold prices took a sharp dip across India on April 7, 2025. This marks the second notable decline within the past few days, giving potential buyers an attractive opportunity to invest in the yellow metal. While silver prices remained steady, gold witnessed a substantial drop across various karats, including 22K, 24K, and 18K categories.
After a stable run on April 6, gold prices dropped significantly on Monday. As per the latest updates from the Indian bullion market:
22 Karat Gold (10 grams): Price slipped by ₹250, now at ₹83,000, compared to ₹83,250 previously.
22 Karat Gold (100 grams): Now priced at ₹8,30,000 after a ₹2,500 dip.
For those considering buying gold, this could be an ideal time as the price correction makes gold slightly more affordable.
Here's a quick look at today’s 22K gold prices in major Indian cities (per gram):
Delhi, Lucknow, Jaipur, Meerut, Ludhiana: ₹8,300
Ahmedabad: ₹8,290
These rates are uniform across multiple regions, making the price trend consistent nationally.
High-purity 24K gold also experienced a noticeable decline today:
10 grams of 24K gold: Fell by ₹280 to ₹90,530
100 grams: Now priced at ₹9,05,300 after a ₹2,800 reduction
Previously, on April 6, the same quantities were priced at ₹90,810 and ₹9,08,100 respectively.
Delhi, Jaipur, Lucknow: ₹9,053
Mumbai: ₹9,038
Ahmedabad: ₹9,043
Meerut: ₹9,053
The decline has made 24K gold more accessible for investors and buyers alike.
Even the more affordable 18K gold segment hasn't been spared from today’s downturn:
10 grams of 18K gold: Down by ₹210, now at ₹67,910
100 grams: Reduced to ₹6,79,100, from ₹6,81,200
City-wise 18K rates per gram:
Delhi, Jaipur, Lucknow: ₹6,791
Ahmedabad, Patna: ₹6,783
Mumbai, Pune: ₹6,779
This makes 18K a particularly budget-friendly option for buyers looking for design over purity.
While gold saw a notable dip, silver prices remained unchanged:
10 grams: ₹940
100 grams: ₹9,400
1 kilogram: ₹94,000
Per gram nationwide: ₹94
Stability in silver prices suggests balanced demand and supply in the silver market for now.
On the global front, gold prices are reacting to broader economic cues. As of April 7:
Gold on COMEX: Trading up 0.75% at $3,059.10 per ounce
Silver on COMEX: Up 2.24%, trading at $29.885 per ounce
Despite this upward tick internationally, domestic prices have dropped. Analysts attribute this contrast to profit-booking by investors, trade war concerns, and recession fears in global markets. The recent sell-off trend is reportedly driven by investors seeking to cover losses in other markets, leading to lower gold prices domestically.
Conclusion
With gold prices dipping across all categories, today presents a golden opportunity for consumers and investors. Whether you're planning to buy jewelry or looking for a safe investment, now might be the right time to act before the market rebounds.
Stay tuned for daily updates on gold and silver prices across Indian cities to make well-informed buying decisions.
