Indian gold prices fell sharply today, dropping ₹1,382, driven by profit booking and a strong dollar. This decline occurred despite Comex gold gaining $54 on global ceasefire hopes.
| Purity | Per Gram | Per 10g | Change |
|---|---|---|---|
| 24K Gold | ₹15,066INR | ₹1,50,660 | ↓ ₹27 |
| 22K Gold | ₹13,810 | ₹1,38,100 | ↓ ₹25 |
| 18K Gold | ₹11,300 | ₹1,13,000 | — |
Source: GoldMeter.in • Historical data for reference only
Indian gold prices witnessed a notable decline across major cities today, 6 April 2026, presenting a mixed picture for investors and jewelry shoppers. While international Comex gold markets saw gains, domestic prices moved in the opposite direction, dropping significantly as markets opened. This divergence highlights the distinct factors influencing the Indian market compared to global trends.
According to various market reports, gold prices in India fell by a substantial ₹1,382 per 10 grams, with this downward trend observed in key metropolitan centers like Delhi, Mumbai, Chennai, and Kolkata. Silver also mirrored this decline, experiencing a significant drop of ₹2,800. In contrast, international Comex gold prices advanced by $54 per ounce, with silver nearing $73 globally, largely driven by hopes of an Iran ceasefire.
The primary drivers behind the slide in Indian gold rates included widespread profit booking by investors, which led to a broad market correction. A strengthening US Dollar also exerted considerable pressure on domestic gold prices, making the precious metal more expensive for Indian buyers and diminishing its appeal. Additionally, a general risk-off sentiment contributed to the downward trajectory on the Multi Commodity Exchange (MCX). Interestingly, while international markets reacted positively to hopes of an Iran ceasefire, pushing global gold prices higher, these geopolitical tensions did not translate into supportive sentiment for gold within India, failing to counteract the domestic selling pressure.
For Indian investors and prospective jewelry buyers, today's market performance suggests a complex environment. The sharp decline might offer a window for those looking to purchase, especially with the upcoming festive and wedding seasons. However, the interplay between global geopolitical developments, the strength of the US Dollar, and domestic profit booking will continue to dictate short-term movements. Keeping a close watch on these factors, alongside local demand patterns, will be crucial for making informed decisions in the days ahead.