As of April 7, 2026, gold prices in India showed stability despite mixed global signals. The domestic market recorded 24K gold prices in the range of ₹1.49–1.50 lakh per 10 grams, while 22K gold remained around ₹1.37–1.38 lakh.
The pricing reflects international trends, where spot gold was trading near $4,669 per ounce. Currency exchange rates (USD/INR ~₹92.86), along with import duties and GST, continue to influence retail gold prices in India.
| 24K (₹/10g) | 22K (₹/10g) | |
|---|---|---|
| Delhi | 149,280 | 136,850 |
| Mumbai | 149,130 | 136,700 |
| Kolkata | 149,130 | 136,700 |
| Chennai | 150,660 | 138,100 |
| National Avg | 147,890 | 144,340 |
Key Market Drivers:
- Geopolitical tensions, especially involving the US and Iran, supported gold demand
- A strong US dollar capped upward momentum
- Higher interest rates reduced gold’s appeal compared to yield-bearing assets
Domestic Factors:
India’s stable currency and moderate pre-festival demand kept prices in a narrow range. However, seasonal demand is expected to rise with the upcoming Akshaya Tritiya festival.
Short-Term Outlook:
Gold prices are likely to remain range-bound in the near term unless major global economic changes occur.
Investment Perspective:
Gold remains a strategic hedge against inflation and global risks. Investors are advised to maintain a balanced allocation rather than aggressive buying at peak levels.