Gold Price Today: Gold Jumps on First Day of FY 2026–27, Silver Also Surges — Check Latest City Rates

Gold prices opened the new financial year on a strong note, registering a sharp rise across major Indian cities. Alongside gold, silver prices have also moved upward, reflecting global market trends and renewed domestic demand.

Here’s a complete update on today’s gold and silver rates, along with the key reasons behind the surge.

Gold Prices Rise Across Major Cities

On April 1, 2026, gold prices increased significantly in cities like Delhi, Mumbai, and Chennai.

Latest Gold Rates (Per 10 grams)

👉 Gold prices are hovering close to ₹1.5 lakh per 10 grams for 24-carat purity in most cities.

Silver Prices Also See Strong Gains

Silver has also followed gold’s upward trend:

• Silver Price (India): ₹2,50,100 per kg
• Global Silver Price: $74.64 per ounce

👉 This reflects a rebound after previous declines earlier in the year.

Global Market Driving the Rally

International trends are playing a major role in pushing gold prices higher.

• Global Gold Price: $4,652.31 per ounce
• Weakness in the Indian rupee
• Rising geopolitical tensions

Global uncertainty continues to drive investors toward safe-haven assets like gold.

Why Gold Prices Are Rising

Several factors are contributing to the surge:

1. Global Uncertainty

Ongoing geopolitical tensions, particularly involving Iran, Israel, and the US, are impacting commodity markets.

2. Strong Domestic Demand

With the wedding season approaching, jewellers are increasing purchases, pushing prices upward.

3. Currency Impact

A weaker rupee makes gold imports more expensive, increasing domestic prices.

Recent Trend: Sharp Fall Before This Rise

Interestingly, this rise comes after a sharp correction:

• Gold prices dropped by ₹21,300 (12.3%) between March 2 and March 30
• Silver declined by nearly ₹63,000 (21%)

👉 The current rise could be seen as a rebound after this steep fall.

What This Means for Buyers

✔ Gold is becoming expensive again
✔ Short-term volatility may continue
✔ Buyers may wait for price stabilization

For investors, gold remains a safe-haven asset, especially during uncertain global conditions.

Conclusion

The first day of FY 2026–27 has brought a strong upward move in gold and silver prices. With global factors, currency fluctuations, and seasonal demand all playing a role, prices may remain volatile in the coming weeks.

If you’re planning to invest or buy jewellery, keeping a close eye on daily price movements will be essential.