Gold prices edged lower in the domestic bullion market on April 28, 2026, while silver also declined slightly, reflecting cautious sentiment and weak global trends.
According to market data, the price of 24-carat gold fell ₹10 to ₹1,53,700 per 10 grams, while 22-carat gold slipped to around ₹1,40,900 per 10 grams in major cities. Silver prices declined ₹100 to ₹2,59,900 per kilogram in the physical market.
The marginal fall in precious metal prices comes amid softer international bullion prices and investor caution ahead of major central bank policy decisions this week. Global gold prices remained under pressure as traders monitored inflation concerns and expectations that the US Federal Reserve may keep interest rates unchanged.
Rising crude oil prices have also become a key factor for bullion markets. Higher oil rates can fuel inflation fears, which generally support gold as a hedge. However, they can also strengthen expectations of prolonged higher interest rates, limiting upside in non-yielding assets like gold.
In India, jewellers said retail demand remains mixed, with consumers closely watching price movements after recent volatility. Buyers continue to prefer staggered purchases rather than aggressive fresh buying at elevated levels.
City-wise rates varied slightly depending on local taxes and logistics. In Delhi, 24-carat gold traded near ₹1,53,150 per 10 grams, while Mumbai and Kolkata remained close to ₹1,53,000 levels. Chennai prices were marginally higher.
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