Gold and silver prices declined on April 6, 2026, following weak global cues and a stronger US dollar, with rates falling across major Indian cities including Delhi, Mumbai, Chennai, and Kolkata.
Gold prices dropped by around ₹1,000, bringing the rate of 24K gold close to ₹1,50,920 per 10 grams. Similarly, 22K and 18K gold prices also edged lower across cities, reflecting a broad-based decline in the bullion market.
Silver prices saw a sharper fall, declining by about ₹100 to trade near ₹2,49,900 per kilogram. The drop in both gold and silver comes amid ongoing volatility in global markets and changing investor preferences.
The weakness in bullion prices is largely attributed to a stronger US dollar and rising bond yields, which tend to reduce the attractiveness of gold as an investment. Since gold does not offer interest, investors often shift towards higher-yielding assets when interest rates remain elevated.
Global economic signals have also played a role. Strong US economic data has reduced expectations of early interest rate cuts by the Federal Reserve, putting additional pressure on precious metal prices.
Despite ongoing geopolitical tensions, particularly in the Middle East, gold has not seen strong safe-haven demand. Instead, the focus has shifted toward currency strength and interest rate outlook, both of which have weighed on prices.
Across major Indian cities, gold rates remained largely aligned, with slight variations depending on local taxes and demand. The decline was visible in 24K, 22K, and 18K categories, making gold slightly more affordable for buyers compared to previous sessions.
Also Read: Sensex slides over 300 points, Nifty below 22,650