Noida, Apr 22 (APAC Media): Gold and silver prices rose across major Indian cities on Tuesday, tracking firm global bullion trends and continued safe-haven demand amid geopolitical uncertainties and fluctuations in the US dollar index.
In the domestic derivatives market, silver futures for May 2026 delivery on MCX surged by Rs 4,810, or 2%, to Rs 2,49,433 per kilogram. Gold futures for June 2026 delivery also moved higher, rising Rs 2,010, or 1.3%, to Rs 1,53,679 per 10 grams.
In global market, the extension of the US–Iran ceasefire eased immediate concerns over escalating geopolitical tensions, which in turn helped reduce fears of a spike in inflation and tempered expectations that interest rates would remain higher for longer.
However, uncertainty persisted as neither Iran nor US ally Israel had confirmed support for the continuation of the truce, which has been in place for the past two weeks.
Gold & Silver Prices – City-Wise (April 22, 2026)
| City | 24K Gold (Rs/gram) | 22K Gold (Rs/gram) | Silver (999) (Rs/kg) |
|---|---|---|---|
| Delhi | Rs 15,150 | Rs 13,900 | Rs 2,49,000 |
| Mumbai | Rs 15,140 | Rs 13,880 | Rs 2,49,000 |
| Chennai | Rs 15,320 | Rs 14,050 | Rs 2,65,000 |
| Kolkata | Rs 15,140 | Rs 13,880 | Rs 2,49,000 |
| Bengaluru | Rs 15,140 | Rs 13,880 | Rs 2,49,000 |
| Hyderabad | Rs 15,140 | Rs 13,880 | Rs 2,49,000 |
Why Gold ETFs Saw Strong Inflows
Gold exchange-traded funds (ETFs) witnessed robust inflows in FY26 as investors turned to safe-haven assets amid volatile market conditions.
The surge was driven by a sharp rally in gold prices, which rose around 63 per cent during the year, reaching close to Rs 1.5 lakh by March 31, 2026. The gain was supported by strong safe-haven demand amid ongoing geopolitical tensions and global uncertainty.
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This divergence in asset performance prompted investors to shift allocations towards gold ETFs. As a result, the segment recorded net inflows of Rs 31,561 crore in the March quarter alone, the highest quarterly inflow of FY26.
Analysts said the rise in bullion prices is being driven by global economic uncertainty, expectations around future interest rate movements, and sustained investment demand for safe-haven assets. Silver has also gained additional support from industrial consumption, particularly in renewable energy and electronics sectors.
Market experts noted that domestic prices continue to be influenced by import duties, rupee-dollar exchange rate movements, and international spot market trends. Seasonal demand, especially from weddings and upcoming festivals in certain regions, is also providing underlying support to gold prices.
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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