Gold and Silver Prices Continue to Fall in Indian Markets, 5th Straight Day of Decline

24-Carat Gold Now Trading Between ₹97,530 and ₹97,680 per 10 Grams

New Delhi, April 28 — The domestic bullion market witnessed continued weakness today, marking the fifth consecutive session of declining gold and silver prices. Across major cities, 24-carat gold is trading between ₹97,530 and ₹97,680 per 10 grams, while 22-carat gold prices hover between ₹89,400 and ₹89,550 per 10 grams. Silver has also weakened, trading at ₹1,00,800 per kilogram in Delhi.

City-Wise Gold Price Overview

• Delhi:

  • 24-carat gold: ₹97,680/10g

  • 22-carat gold: ₹89,550/10g

• Mumbai:

  • 24-carat gold: ₹97,530/10g

  • 22-carat gold: ₹89,400/10g

• Ahmedabad:

  • 24-carat gold: ₹97,580/10g

  • 22-carat gold: ₹89,450/10g

• Chennai:

  • 24-carat gold: ₹97,530/10g

  • 22-carat gold: ₹89,400/10g

• Kolkata:

  • 24-carat gold: ₹97,530/10g

  • 22-carat gold: ₹89,400/10g

• Lucknow:

  • 24-carat gold: ₹97,680/10g

  • 22-carat gold: ₹89,550/10g

• Patna:

  • 24-carat gold: ₹97,580/10g

  • 22-carat gold: ₹89,450/10g

• Jaipur:

  • 24-carat gold: ₹97,680/10g

  • 22-carat gold: ₹89,550/10g

Similarly, in other regions including Karnataka, Telangana, and Odisha, gold prices reflect a downward trend:

• Bengaluru, Hyderabad, Bhubaneswar:

  • 24-carat gold: ₹97,530/10g

  • 22-carat gold: ₹89,400/10g

Silver Prices Show Weakness

Silver prices also recorded a drop today, trading at ₹1,00,800 per kilogram in the Delhi bullion market. Market experts attribute the continuing fall in precious metal prices to subdued global cues, along with cautious investor sentiment.

Outlook

The ongoing price correction in gold and silver could present a buying opportunity for retail consumers, especially ahead of the upcoming wedding season and Akshaya Tritiya, traditionally considered an auspicious period for gold purchases.

However, investors are advised to keep a close watch on global market movements, U.S. dollar trends, and upcoming economic data releases, which could influence bullion prices further.