Gold enthusiasts and shoppers across India are smiling today as domestic prices dipped modestly on Wednesday, bucking some international uptrends. The decline, though not dramatic, eases the burden for those in the market for ornaments or bars.
Per India Bullion and Jewellers Association figures, 24-karat gold is now at 1,59,008 rupees for 10 grams, down 233 rupees from 1,59,241 rupees. 22-karat settled lower at 1,45,651 rupees versus 1,45,865 rupees, with 18-karat at 1,19,256 rupees from 1,19,431 rupees.
Silver countered with vigor, rising 2,505 rupees to 2,65,417 rupees per kilogram from 2,62,912 rupees, underscoring its separate momentum.
MCX futures showed gold for April 2026 up 0.51% at 1,60,791 rupees and silver for March 2026 higher by 2.31% to 2,66,756 rupees. In global trade, Comex gold added 0.46% to 5,199 dollars per ounce, silver rallying 3.40% to 90.48 dollars.
LKP Securities analyst Jatin Trivedi observed a 900-rupee MCX gold surge lately, linked to haven demand from Iran-Israel conflicts. Support is eyed at 1,55,000 rupees, resistance at 1,64,000 rupees.
Annual performance remains robust, with gold gaining around 80% and silver over 180% in the last year. As tensions simmer worldwide, these assets hold strong appeal, and the current price softness could prove timely for savvy purchasers.