Noida, Apr 20 (APAC Media): Gold and silver prices edged lower on Monday in both domestic and international markets, weighed down by weak global cues, a stronger US dollar, and shifting investor sentiment amid persistent macroeconomic uncertainty, according to market data.
In India, the price of 24-carat gold declined in line with international bullion trends, while 22-carat and 18-carat variants also softened across major retail markets.
Silver prices too extended losses, reflecting pressure from both industrial demand concerns and speculative selling in futures trade on the Multi Commodity Exchange (MCX).
Gold & Silver Rates in India City-wise | 20 April
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (1kg) |
|---|---|---|---|
| Delhi | Rs 1,55,920 | Rs 1,42,940 | Rs 2,74,900 |
| Mumbai | Rs 1,55,770 | Rs 1,42,790 | Rs 2,74,900 |
| Chennai | Rs 1,56,650 | Rs 1,43,590 | Rs 2,79,900 |
| Kolkata | Rs 1,55,770 | Rs 1,42,790 | Rs 2,74,900 |
| Bengaluru | Rs 1,55,770 | Rs 1,42,790 | Rs 2,74,900 |
| Hyderabad | Rs 1,55,770 | Rs 1,42,790 | Rs 2,74,900 |
| Ahmedabad | Rs 1,55,820 | Rs 1,42,840 | Rs 2,74,900 |
| Jaipur | Rs 1,55,920 | Rs 1,42,940 | Rs 2,74,900 |
| Pune | Rs 1,55,770 | Rs 1,42,790 | Rs 2,74,900 |
Market analysts said bullion continues to remain volatile due to a mix of geopolitical tensions, central bank policy expectations, and fluctuating bond yields. Safe-haven demand, which had previously supported prices, has shown signs of moderation as investors reassess risk appetite following recent global economic developments.
In the international market, Comex gold and silver futures also traded lower, weighed down by expectations that interest rates in major economies may remain elevated for longer than previously anticipated. A stronger US dollar has further capped upside momentum in precious metals, making them relatively expensive for overseas buyers.
Despite recent weakness, experts continue to hold a broadly positive medium-term outlook for gold and silver. They say sustained demand from central banks, inflation-hedging activity, and ongoing geopolitical risks are likely to support prices.
However, they caution that short-term corrections remain possible amid profit-taking and technical resistance in the market.
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Domestically, traders said physical demand remained steady in select regions, though price-sensitive buyers are delaying large purchases, awaiting further correction. Jewellery retailers reported moderate footfall compared to peak festive buying periods.
Silver, which has seen sharper intraday swings than gold in recent sessions, continues to track both industrial usage trends and investment demand.
Analysts note that its dual role as an industrial and precious metal is contributing to higher volatility.
Investors are advised to closely monitor global economic indicators, US Federal Reserve policy signals, and currency movements, which are likely to drive near-term price direction in bullion markets.
Market participants expect continued fluctuations in the coming sessions as traders adjust positions ahead of key global data releases and central bank commentary.
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.
Also Read:
Gold, Silver Prices Today (April 19): 24K, 22K Gold, 999 Silver Rates City-Wise on Akshaya Tritiya
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