Gold Prices Dip Again: 22K Gold Falls to ₹1,38,990 in Delhi; Check Latest Rates Across Cities
Gold prices in India have witnessed a fresh decline, bringing some relief to buyers. On April 10, the rate of 22-carat gold in Delhi dropped to ₹1,38,990 per 10 grams, while 24-carat gold is now priced at ₹1,51,620 per 10 grams.
The fall comes amid global market fluctuations and profit booking by investors, even as geopolitical tensions continue to influence market sentiment.
Gold Prices Today in Major Cities
Here are the latest gold rates across key Indian cities:
| City | 22 Carat (₹/10g) | 24 Carat (₹/10g) |
|---|---|---|
| Delhi | 1,38,990 | 1,51,620 |
| Mumbai | 1,38,840 | 1,51,470 |
| Ahmedabad | 1,38,890 | 1,51,520 |
| Chennai | 1,39,990 | 1,52,720 |
| Kolkata | 1,38,840 | 1,51,470 |
| Hyderabad | 1,38,840 | 1,51,470 |
| Jaipur | 1,38,990 | 1,51,620 |
| Bhopal | 1,38,890 | 1,51,520 |
| Lucknow | 1,38,990 | 1,51,620 |
| Chandigarh | 1,38,990 | 1,51,620 |
Why Gold Prices Are Falling
The recent dip in gold prices is largely driven by profit booking by investors after a strong rally. Additionally, global uncertainty continues to impact bullion markets.
- Concerns around the stability of ceasefire situations in West Asia
- Uncertainty over oil supply routes like the Strait of Hormuz
- Reports of tanker disruptions and geopolitical tensions
In the international market, spot gold is currently trading at $4,789.67 per ounce, reflecting cautious investor sentiment.
Silver Prices Also Decline
Alongside gold, silver prices have also seen a drop.
- Current silver rate: ₹2,54,900 per kg
- Previous decline: ₹7,800 (around 3.10%)
- Global silver price: $76.24 per ounce
Earlier this year, silver had crossed the ₹4 lakh per kg mark, making the current dip notable for investors.
What Influences Gold Prices in India?
Gold prices in India are affected by a mix of domestic and global factors:
- International bullion prices
- Rupee vs US dollar exchange rate
- Inflation trends
- Geopolitical developments
- Demand during wedding and festive seasons
Should You Buy Gold Now?
With prices correcting slightly, this could be an opportunity for buyers looking to invest or purchase jewellery. However, experts advise keeping an eye on global trends before making large investments.
Market Outlook
While short-term fluctuations may continue, gold remains a preferred safe-haven asset. Investors are expected to stay cautious amid global uncertainties, which could keep prices volatile in the coming days.
