Gold prices in India declined slightly on Thursday, April 23, while silver remained firm near ₹2.60 lakh per kilogram. The fall in gold prices comes amid global market uncertainty, rising crude oil prices and cautious buying by investors.
According to the latest retail rates, 24-carat gold was priced at around ₹1.53 lakh per 10 grams, while 22-carat gold stood near ₹1.40 lakh per 10 grams. The 18-carat variety was trading close to ₹1.15 lakh per 10 grams. Prices may differ slightly across cities due to local taxes and jewellery making charges.
In Delhi, 24-carat gold was quoted at around ₹1.55 lakh per 10 grams, making it one of the costliest markets in the country. The 22-carat rate in the capital was around ₹1.42 lakh per 10 grams. Mumbai and Kolkata saw slightly lower prices compared to Delhi, while Chennai remained among the higher-priced southern markets.
Silver prices stayed strong at around ₹2.60 lakh per kilogram despite recent volatility. Traders said silver continues to move sharply due to industrial demand and changing global market sentiment.
Experts said bullion prices have become volatile this week because of geopolitical tensions in West Asia and a rise in crude oil prices. Higher oil prices increase inflation worries, which usually supports gold demand as a safe-haven asset. However, some investors booked profits after recent record highs, limiting further gains.
Jewellers said customer demand is currently selective, with many buyers waiting for prices to stabilise before making large purchases. Retail demand is expected to improve during the upcoming wedding and festive season if rates ease further.
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