Gold Prices Slide Sharply: ₹1,740 Weekly Drop in Gold, Silver Falls ₹15,000—Check Latest Rates
Gold and silver prices in India have witnessed a noticeable decline over the past week, offering some relief to buyers after a prolonged rally. According to the latest market data as of April 26, 2026, gold has become significantly cheaper, while silver has recorded an even steeper fall. The movement in precious metal prices is being driven by a mix of domestic demand trends and global market cues.
Gold Prices Decline on Weekly Basis
In the national capital, Delhi, the price of 24-carat gold currently stands at ₹1,54,190 per 10 grams, reflecting a weekly drop of ₹1,740. Similarly, 22-carat gold has fallen by around ₹1,600 during the same period. Just two days earlier, on April 24, gold prices had already slipped by ₹200 in the Delhi bullion market, indicating consistent downward pressure.
Other major cities are also seeing similar price trends. In Mumbai, 24-carat gold is priced at ₹1,54,040 per 10 grams, while 22-carat gold is trading at ₹1,41,200. Kolkata mirrors Mumbai’s pricing, with nearly identical rates for both purity levels. In Chennai, however, gold prices are slightly higher, with 24-carat gold at ₹1,54,910 and 22-carat gold at ₹1,42,000 per 10 grams.
Cities like Pune and Bengaluru are aligned with Mumbai’s pricing trend, where 24-carat gold is hovering around ₹1,54,040 and 22-carat gold around ₹1,41,200 per 10 grams. Meanwhile, cities such as Jaipur, Lucknow, and Chandigarh are witnessing rates similar to Delhi, making regional differences relatively narrow.
Latest Gold Rates Across Major Cities
| City | 22-Carat Gold (₹/10g) | 24-Carat Gold (₹/10g) |
|---|---|---|
| Delhi | 141,350 | 154,190 |
| Mumbai | 141,200 | 154,040 |
| Ahmedabad | 141,250 | 154,090 |
| Chennai | 142,000 | 154,910 |
| Kolkata | 141,200 | 154,040 |
| Hyderabad | 141,200 | 154,040 |
| Jaipur | 141,350 | 154,190 |
| Bhopal | 141,250 | 154,090 |
| Lucknow | 141,350 | 154,190 |
| Chandigarh | 141,350 | 154,190 |
Silver Prices Witness Steep Correction
Silver prices have experienced a sharper fall compared to gold. Over the past week, silver has declined by ₹15,000 per kilogram. As of April 26 morning, the metal is trading at ₹2,60,000 per kg in the domestic market.
On April 24, silver prices in Delhi dropped by ₹3,000 in a single day, bringing the rate down to ₹2,47,000 per kg at that time. Despite the recent correction, it is worth noting that silver had surged significantly earlier this year, even crossing the ₹4 lakh per kg mark in January.
Global Market Influence
International trends continue to play a crucial role in determining domestic prices. In the global market, spot gold is currently trading around $4,708.17 per ounce, while spot silver is priced at approximately $75.96 per ounce. Fluctuations in the US dollar, geopolitical developments, and central bank policies are among the key factors influencing these rates.
What This Means for Buyers and Investors
The recent dip in gold and silver prices may be seen as an opportunity for buyers, especially with upcoming festive and wedding seasons in mind. However, experts advise keeping a close watch on global cues and currency movements before making large investments.
While short-term corrections are common in commodity markets, long-term investors often consider gold and silver as safe-haven assets during uncertain economic conditions. Therefore, timing and strategy remain crucial when entering the market.
Conclusion
The current fall in gold and silver prices highlights the dynamic nature of the bullion market. With both domestic and international factors at play, prices may continue to fluctuate in the coming days. Whether you are planning to invest or purchase jewellery, staying updated with daily price movements can help you make informed financial decisions.
