Noida, Apr 24 (APAC Media): Gold prices in India declined sharply on Friday, tracking weakness in international bullion markets, as a stronger US dollar, elevated crude oil prices, and sustained geopolitical uncertainty weighed on investor sentiment.
On the domestic front, gold on the Multi Commodity Exchange of India is expected to find support in the Rs 155,000–Rs 149,800 range. Resistance is seen between Rs 152,350 and Rs 153,100.
Silver on the MCX has support in the Rs 2,38,800–Rs 2,34,000 band, while resistance is placed in the Rs 2,45,000–Rs 2,48,500 range.
India Gold & Silver Rates (24 Apr 2026)
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (1 kg) |
|---|---|---|---|
| Delhi | Rs 15,35,000 | Rs 14,07,050 | Rs 2,39,000 |
| Mumbai | Rs 15,34,060 | Rs 14,06,000 | Rs 2,39,000 |
| Kolkata | Rs 15,34,000 | Rs 14,06,000 | Rs 2,39,000 |
| Chennai | Rs 15,53,000 | Rs 14,23,000 | Rs 2,40,000 |
| Bengaluru | Rs 15,34,000 | Rs 14,06,000 | Rs 2,39,000 |
| Hyderabad | Rs 15,34,000 | Rs 14,06,020 | Rs 2,39,000 |
| Pune | Rs 15,34,010 | Rs 14,06,000 | Rs 2,39,000 |
| Ahmedabad | Rs 15,35,000 | Rs 14,07,000 | Rs 2,39,000 |
| Lucknow | Rs 15,35,000 | Rs 14,07,000 | Rs 2,39,010 |
Uncertainty intensified further amid stalled U.S.–Iran negotiations, with no signs of progress in diplomatic efforts, keeping geopolitical tensions elevated and heightening concerns over potential disruptions to oil supply routes.
Spot gold slipped 0.1% to $4,686.29 an ounce at 0230 GMT. The metal is down around 3% so far this week, ending a four-week run of gains.
US gold futures for June delivery also eased, falling 0.5% to $4,702 an ounce.
“Markets remain on edge due to limited progress in US-Iran negotiations and escalating tensions around the Strait of Hormuz. Adding to the downside, Treasury bond yields also edged higher, with the 10-year yield rising by around 3 basis points to 4.32 per cent, further reducing the appeal of safe-haven assets such as gold,” said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
WTI crude futures held above $95 per barrel on Friday and were set for weekly gains of more than 16%, as stalled US–Iran talks and ongoing disruption in the Strait of Hormuz fueled supply concerns.
Reports also suggested that heightened US military activity and restricted Iranian maritime movement have further complicated diplomatic efforts and tightened global oil flows.
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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Gold Drops on Inflation Fears as Oil Surges, US-Iran Tensions
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