Gold and silver prices witnessed a decline on April 2, 2026, in line with weakness in global precious metal markets.
According to market data, 24-carat gold was trading around ₹14,800 – ₹15,200 per 10 grams in major cities, while 22-carat gold stood near ₹13,600 – ₹13,900 per 10 grams. Silver prices also eased during the session.
City-Wise Gold Rates (Approximate for 10 grams)
- Delhi: 24K = ₹1,51,000 – ₹1,52,000 | 22K = ₹1,38,500 – ₹1,39,500
- Mumbai: 24K = ₹1,50,800 – ₹1,51,800 | 22K = ₹1,38,300 – ₹1,39,300
- Chennai: 24K = ₹1,51,200 – ₹1,52,200 | 22K = ₹1,38,700 – ₹1,39,700
- Kolkata: 24K = ₹1,50,800 – ₹1,51,800 | 22K = ₹1,38,300 – ₹1,39,300
Why Prices Fell
The drop was mainly driven by a stronger US dollar, rising bond yields, and profit-booking after recent rallies. Geopolitical developments and fluctuating crude oil prices also added to the selling pressure in bullion markets.
Global Trends
International gold prices on COMEX also showed weakness, contributing to the decline in domestic rates. Analysts expect volatility to continue in the coming days as investors monitor global interest rates and geopolitical news.