Gold Price In India Today Drops Again, 24 April: 24K, 22K,18K Gold Rates Slide from Record High; Silver Drops

Gold prices in India continued to decline for the second straight day, with 24-carat gold dipping below the historic Rs.1,00,000 per 10 grams mark. yesterday 24-carat gold prices declined by Rs.30,000 per 100 grams a development that was welcomed by retail buyers of gold.

Meanwhile, the current gold rate in India for 22-carat gold in India, which is commonly used in jewellery, remains stable at around Rs. 90,000 per 10 grams.

This recent fall in gold prices is being influenced by the global factors like the rebound of US Dollar index which is currently at 3 yea low. Additionally, ongoing US-China trade tensions and uncertainty around interest rate decisions by the US Federal Reserve have further impacted the safe-haven demand for gold.

Gold Prices in India Drop Again

As of 24th April, the 22 carat gold rate in India fell slightly by Rs. 100 per 10 grams to cost Rs. 90,050. While the 24 carat gold prices also dipped to Rs. 98,240, slipping Rs. 110. Similarly, 18 carat gold rate dropped Rs. 80 to retail at Rs. 73,680.

In a similar line, the 100 grams of 22-carat gold plunged Rs. 1000 to stand at Rs. 9,00,500. While the 24-carat gold prices in India per 100 grams decreased to Rs. 1,100, which is now retailing at Rs. 9,82,400.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on June 5, 2025, extended some gains trading at Rs. 95,926 which rose by 1.27%. On the contrary silver futures, with an expiry date of May 5, 2025, dropped today by 0.43% to trade at Rs 97,380.

City-Wise Gold Rates Today

The gold price in India today fell across major cities, including Chennai, Mumbai, Bangalore, and Hyderabad. Here's the latest city-wise update on 22-carat and 24-carat gold rates on 23rd April.

In Chennai, the 24-carat gold rate stands at Rs. 98,240 per 10 grams, while the 22-carat gold price in Chennai is Rs. 90,050 per 10 grams.

In Bangalore, the gold rate for 24-carat is Rs. 98,240 per 10 grams, and the 22-carat gold rate in Bangalore is Rs. 90,050 per 10 grams.

In Hyderabad, the 24K gold price is Rs. 98,240 per 10 grams, and the 22K gold rate in Hyderabad is Rs. 90,050 per 10 grams.

In Mumbai, the 22-carat gold rate is Rs. 90,050 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs. 98,240 per 10 grams.

Silver Price Movement in India

Silver prices in India on Thursday Slipped Slightly. As of 24th April, 1kg of silver in India costs Rs. 1,00,900. While 100g of silver rates in India cost Rs 10,090.

Market Outlook for Gold & Silver

"Gold is expected to move in a wide range of $3280 and $3400 amid lingering uncertainty over US-China trade war. Fading optimism over US and China trade deal would provide support to the bullions as the US Treasury secretary Bessent cooled some optimism on a quick resolution to US-China trade standoff. Volatility will remain high until there is any clarity on the timing of trade deal. Meanwhile, hawkish comments from Fed members and expectation of better economic numbers from US would restrict any major up move in the yellow metal. • On the data front fresh addition of OI in OTM call strike at 3400 has been observed, which could act as key hurdle for now. On the downside 10 day EMA at $3285 would act as key support." As per the ICICI Direct Commodity Report.

Spot Gold Prices + Spot Silver Price Today

According to latest Reuters report, "Spot gold rose 1.1% to $3,323.21 an ounce, as of 0634 GMT. U.S. gold futures gained 1.1% to $3,330.20. Spot silver fell 0.8% to $33.29 an ounce."