Noida, Apr 13 (APAC Media): MCX Gold prices on Monday struggled to gain sustained upward momentum, as a stronger U.S. dollar and expectations that the U.S. Federal Reserve will keep interest rates higher for longer continued to pressure the precious metal.
Although geopolitical tensions have resurfaced after the breakdown of U.S.–Iran peace talks, gold’s upside remains limited, suggesting traders are staying cautious despite the renewed safe-haven demand.
Recent developments in global markets suggest that the failure of diplomatic discussions between Washington and Tehran over the weekend has increased overall uncertainty.
The breakdown in talks has elevated geopolitical risks, particularly around potential disruptions to energy supply routes and rising inflationary pressures. Although such conditions typically drive demand for gold as a safe-haven asset, market reactions have so far been relatively restrained.
A major factor contributing to the subdued market response is the sustained strength of the U.S. dollar. In the face of global uncertainty, investors have increasingly turned to the greenback as a preferred safe-haven option. This has, in turn, pushed up the cost of gold for international buyers, weakening demand and limiting any significant upside in prices.
Expectations of a prolonged hawkish stance by the U.S. Federal Reserve are weighing on gold prices. Rising inflation concerns, driven by higher oil prices and Middle East tensions, have reduced hopes of near-term rate cuts. Higher interest rates are also dampening demand for non-yielding assets like gold, limiting fresh buying interest.
Market analysts expressed that gold is currently trading in a narrow range, with investors hesitant to take strong directional positions ahead of key U.S. economic data releases. Upcoming inflation figures and commentary from the Federal Reserve are expected to be crucial in determining near-term market sentiment.
Silver Rate (per 10 grams / per kg)
| City | 10 grams | 100 grams | 1 kg |
|---|---|---|---|
| Chennai | ₹2,649 | ₹26,490 | ₹2,64,900 |
| Mumbai | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Delhi | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Kolkata | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Bangalore | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Hyderabad | ₹2,649 | ₹26,490 | ₹2,64,900 |
| Kerala | ₹2,649 | ₹26,490 | ₹2,64,900 |
| Pune | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Ahmedabad | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Vadodara | ₹2,599 | ₹25,990 | ₹2,59,900 |
City-wise Gold Chart Today
| 🏙️ City | 🟡 24K Gold (₹/g) | 🟠 22K Gold (₹/g) | 🟤 18K Gold (₹/g) |
|---|---|---|---|
| 🇮🇳 Delhi | 15,298 | 14,024 | 11,477 |
| 🇮🇳 Mumbai | 15,283 | 14,009 | 11,462 |
| 🇮🇳 Kolkata | 15,283 | 14,009 | 11,462 |
| 🇮🇳 Bangalore | 15,283 | 14,009 | 11,462 |
| 🇮🇳 Chennai | 15,381 | 14,099 | 11,759 |
| 🇮🇳 Hyderabad | 15,283 | 14,009 | 11,462 |
| 🇮🇳 Pune | 15,283 | 14,009 | 11,462 |
| 🇮🇳 Ahmedabad | 15,288 | 14,014 | 11,467 |
| 🇮🇳 Vadodara | 15,288 | 14,014 | 11,467 |
Source: Market data & bullion reports
Gold prices in India remain under slight pressure as a strong U.S. dollar and hawkish Federal Reserve outlook cap gains. Despite geopolitical tensions offering some support, safe-haven demand is not strong enough to drive a rally.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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