Gold Prices Slip on Good Friday: Check April 3 Rates in Major Cities as Silver Also Declines

Gold Price Today (April 3, 2026): Precious metals witnessed a decline on the occasion of Good Friday, with both gold and silver prices falling across Indian markets. The drop comes amid rising geopolitical tensions and global economic uncertainty, which continue to influence commodity prices worldwide.

Gold Prices Decline Across India

On Friday morning, gold prices softened in major Indian cities. In Delhi, the price of 24-carat gold dropped to ₹1,49,110 per 10 grams, while 22-carat gold was priced at ₹1,36,690 per 10 grams. Similarly, in Mumbai, Kolkata, and Hyderabad, 24-carat gold was trading at ₹1,48,960 per 10 grams, and 22-carat gold at ₹1,36,540 per 10 grams.

Chennai recorded slightly higher rates, with 24-carat gold priced at ₹1,49,990 per 10 grams and 22-carat gold at ₹1,37,490 per 10 grams. Other cities such as Jaipur, Lucknow, Chandigarh, and Bhopal also saw similar pricing trends, reflecting a broad-based dip in the domestic bullion market.

Sharp Correction in Previous Session

The current decline follows a notable fall in the previous trading session. In Delhi’s bullion market, gold prices had dropped by approximately ₹3,500 per 10 grams (around 2.26%), bringing the price down to ₹1,51,500 per 10 grams before today’s further correction.

This downward movement indicates short-term volatility, driven by both international developments and currency fluctuations.

Global Factors Weigh on Gold

Internationally, gold prices remained under pressure, with spot gold trading at around $4,591.52 per ounce. Several global factors are contributing to this trend.

Heightened tensions involving Iran, Israel, and the United States have raised concerns about a potential escalation in conflict. Warnings of possible military action have added uncertainty to global markets.

Additionally, fears of disruption in oil supply through the critical Strait of Hormuz have pushed crude oil prices higher. Rising oil prices often strengthen inflation expectations, which can impact investor sentiment toward precious metals.

At the same time, the US dollar has strengthened by around 0.5%, hovering near the 99–100 level, making gold more expensive for holders of other currencies and thereby reducing demand in international markets.

Silver Prices Also Under Pressure

Silver prices mirrored the downward trend seen in gold. On April 3, silver was trading at approximately ₹2,49,900 per kilogram in the domestic market. In the previous session, silver had witnessed a steep fall of nearly ₹9,000 per kilogram (3.66%), dropping to around ₹2,37,000 per kilogram before showing slight recovery.

Globally, spot silver was priced at about $69.57 per ounce. Notably, earlier in January 2026, silver prices had surged beyond the ₹4 lakh per kilogram mark, making the current correction significant for investors tracking long-term trends.

City-Wise Gold Rates on April 3, 2026

Here’s a snapshot of gold prices across major cities:

What Should Investors Do?

Market experts suggest that while short-term volatility persists, long-term investors may view such corrections as potential buying opportunities. However, they also recommend closely monitoring global cues, especially geopolitical developments and currency movements, before making investment decisions.

Final Takeaway

Gold and silver prices have softened on April 3, 2026, amid global uncertainty and a stronger dollar. While the dip may benefit buyers in the short term, the overall trend remains sensitive to international developments. Investors should stay cautious and informed as markets reopen after the holiday.