Gold and silver prices saw a slight decline across India on April 3, with small variations observed in different cities. The fall comes amid ongoing fluctuations in the global bullion market and cautious investor sentiment.
According to the latest data, gold prices dropped marginally by about ₹10 to ₹1,48,960 per 10 grams in the futures market. Silver prices also slipped by ₹100, trading around ₹2,49,900 per kilogram. While the decline is minor, it reflects the current unstable trend in precious metal prices.
In retail markets, gold prices differ across major cities due to local taxes, transportation costs, and demand. In Chennai, 24-carat gold is priced at around ₹7,350 per gram, while 22-carat gold is near ₹6,740 per gram. In Mumbai and Delhi, 24-carat gold is slightly lower, hovering around ₹7,200–₹7,300 per gram, with 22-carat gold priced between ₹6,600 and ₹6,700 per gram. Similar trends are seen in cities like Kolkata and Bengaluru, where prices remain close to these levels with minor differences.
Silver prices also vary regionally but remain broadly aligned with national trends. In most major cities, silver is trading close to ₹75,000–₹76,000 per kilogram in retail markets, depending on local demand and supply conditions.
The recent dip in prices is mainly linked to global factors such as a stronger US dollar and uncertainty around interest rates. When the dollar strengthens, gold becomes more expensive for buyers using other currencies, which can reduce demand and push prices down.
Despite the small decline, gold continues to trade at relatively high levels, supported by steady demand from investors and jewellers. Silver, which is influenced by both industrial use and investment demand, is also experiencing price swings.