Fluctuations in Gold and Silver Prices Continue Amid Market Changes

On Friday, gold and silver prices exhibited significant fluctuations, with declines on the MCX but increases in the Delhi bullion market. Gold was trading at ₹1,52,497 per 10 grams, while silver reached ₹2,42,449 per kilogram. Major cities reported varying prices for gold, with Delhi showing ₹152500 for 24K gold. The rise in prices is attributed to geopolitical tensions and central bank purchases. Globally, gold and silver also saw increases, with spot gold at $4,777.17 per ounce. Despite recent pressures, the outlook for gold and silver remains cautiously optimistic amid ongoing uncertainties.

By Narendra Chaudhary Apr 11, 2026, 10:50 IST

Market Overview

New Delhi: On Friday, significant fluctuations were observed in the prices of gold and silver. While the rates for both metals dropped on the MCX, the prices surged in the Delhi bullion market. Additionally, according to IBJA, changes in gold and silver prices were noted. Good Returns reported an increase in the prices of these precious metals on Friday.

MCX Price Trends
On the MCX, gold and silver prices experienced a notable decline on Friday. Around 10 PM, gold for June delivery was trading at ₹1,52,497 per 10 grams, down by ₹937. Meanwhile, silver for May delivery fell by ₹1,319, reaching ₹2,42,449 per kilogram.

The day began with both metals showing a downward trend. Gold opened with a decrease of ₹749 per 10 grams, while silver started at ₹1,253 lower per kilogram. During the trading session, gold prices dropped by as much as ₹1,689, and silver fell by ₹4,222.

Gold Prices in Various Cities
According to Good Returns, gold prices saw an increase on Friday. The rates in major cities were as follows:
City 24K 22K 18K
Delhi ₹152500 ₹139800 ₹114410
Mumbai ₹152350 ₹139650 ₹114260
Kolkata ₹152350 ₹139650 ₹114260
Chennai ₹154090 ₹141250 ₹117750
Lucknow ₹152500 ₹139800 ₹114410
Kanpur ₹152500 ₹139800 ₹114410
Patna ₹152400 ₹139700 ₹114310
Jaipur ₹152500 ₹139800 ₹114410
Indore ₹152400 ₹139700 ₹114310
Bhopal ₹152400 ₹139700 ₹114310

Surge in Bullion Market
In the national capital's bullion market, silver prices rose by ₹3,800, reaching ₹2.47 lakh per kilogram, while gold climbed to ₹1.55 lakh per 10 grams.

According to the All India Sarafa Association, silver increased by ₹3,800, or 1.6%, to ₹2,47,000 per kilogram. This followed a decline the previous day when it was priced at ₹2,43,200 per kilogram.

Gold with 99.9% purity also saw a rise of ₹400, reaching ₹1,55,300 per 10 grams, compared to ₹1,54,900 in the last trading session.
The improvement in bullion prices is attributed to the cautious stance regarding the Iran conflict and ongoing purchases by central banks.

International Market Situation
Globally, bullion prices also experienced an uptick. Spot gold rose by $11.52, or 0.24%, to $4,777.17 per ounce, while silver increased by nearly 1% to $75.91 per ounce.

The ceasefire between the US and Iran has led to a sharp decline in oil prices, alleviating concerns over inflation and potential interest rate hikes. Consequently, gold has remained stable above $4,700 per ounce, continuing its upward trend for the third consecutive week.
Jigar Trivedi, Senior Research Analyst, IndusInd Securities

Future Outlook
In recent days, precious metals have faced pressure as investors shift towards riskier assets like the stock market, especially with signs of easing geopolitical tensions. However, due to the ongoing uncertainty between the US and Iran, significant declines in gold and silver prices may be limited for now.