Precious metal markets in India displayed largely steady prices on April 22, 2026, with only minor fluctuations observed across major cities. This stability comes despite global market reactions to ongoing geopolitical tensions in West Asia and mixed signals from the US dollar, suggesting a cautious investor sentiment domestically.
Current Gold Rates on April 22, 2026
As per the latest retail market data, 24-carat gold is currently trading in the range of ₹15,490 to ₹15,599 per gram across various Indian cities. For 22-carat gold, prices are recorded between ₹14,185 and ₹14,299 per gram. Prices for 18-carat gold also saw minor variations.
City-wise Gold Prices (per gram):
- Delhi: 24K at ₹15,490, 22K at ₹14,200, 18K at ₹11,621
- Mumbai: 24K at ₹15,475, 22K at ₹14,185, 18K at ₹11,606
- Kolkata: 24K at ₹15,475, 22K at ₹14,185, 18K at ₹11,606
- Chennai: 24K at ₹15,599, 22K at ₹14,299, 18K at ₹11,854
Factors such as international bullion rates, the rupee-dollar exchange rate, import duties, and seasonal jewellery demand significantly influence gold prices in India. The approaching wedding and festive season in some regions is contributing to stable retail demand, preventing sharp price corrections.
Silver Prices Maintain Elevated Levels
Silver prices continue to trade at elevated levels compared to their long-term averages, supported by both industrial demand and investment buying. Unlike gold, silver's volatility is more sensitive to global manufacturing trends and economic conditions.
City-wise Silver Prices:
- Delhi: ₹2,650 per 10 gm, ₹2,65,000 per kg
- Mumbai: ₹2,650 per 10 gm, ₹2,65,000 per kg
- Kolkata: ₹2,650 per 10 gm, ₹2,65,000 per kg
- Chennai: ₹2,749 per 10 gm, ₹2,74,900 per kg
In the latest session on the Multi Commodity Exchange (MCX) on April 21, 2026, both gold and silver settled higher, indicating a mild recovery in futures trading. Gold increased by 1.01% to ₹1,52,020 per 10 gm, while silver saw a 1.59% rise to ₹2,46,050 per kg. Analysts suggest traders are exercising caution ahead of upcoming global macroeconomic cues, currency movements, and geopolitical developments, which are expected to shape the future trajectory of precious metals.