Gold prices declined marginally on April 18 across major cities, days before Akshaya Tritiya. The fall follows recent highs and reflects weaker global cues and a stronger rupee.
Gold prices across major cities stayed high, supported by global uncertainty and ongoing geopolitical tensions that continue to drive demand for safe-haven assets.
In New Delhi, 24-carat gold is priced at Rs. 15,434 per gram, 22-carat at Rs. 14,149, and 18-carat at Rs. 11,579. Mumbai shows similar levels, with 24-carat at Rs. 15,419 per gram, 22-carat at Rs. 14,134, and 18-carat at Rs. 11,564.
Chennai records slightly higher rates. 24-carat gold stands at Rs. 15,501 per gram, 22-carat at Rs. 14,209, and 18-carat at Rs. 11,859. Kolkata matches Mumbai, with 24-carat at Rs. 15,419, 22-carat at Rs. 14,134, and 18-carat at Rs. 11,564 per gram.
Prices remain linked to global developments. Ongoing conflicts and market uncertainty continue to support gold levels despite recent fluctuations.
Ahead of Akshaya Tritiya on April 19, bullion prices fell in the domestic market. Silver declined by Rs. 5,700 to Rs. 2,53,000 per kg in Delhi on Friday. Gold of 99.9 per cent purity dropped by Rs. 1,600 to Rs. 1,56,200 per 10 grams.
Data from the All India Sarafa Association shows silver fell 2.2 per cent, while gold declined 1.01 per cent. Lower demand in the local market led to the drop.
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Gold has eased slightly, but it still trades near peak levels. Global tensions keep demand intact, which limits any sharp fall. Any fresh trigger on the geopolitical front or currency movement can push prices up again.
Silver has turned softer in the short term due to weak local buying. The broader trend still depends on global markets. The next few days may remain uneven. Festive demand around Akshaya Tritiya can support prices, but the overall direction will depend on global cues.