India's precious metals market saw largely stable prices on April 26, 2026, with minor fluctuations across major metropolitan areas. Despite global geopolitical tensions and mixed signals from the US dollar, both gold and silver held steady, reflecting cautious investor sentiment and consistent domestic demand.
National Gold and Silver Snapshot
As of April 26, 2026, 24-carat gold was trading at approximately ₹15,404 per gram, while 22-carat gold was priced around ₹14,120 per gram. Silver, a key industrial and investment metal, hovered near ₹2,60,000 per kilogram in the domestic bullion market.
City-Wise Gold Prices (per gram)
Prices for various purities of gold on April 26, 2026, in major Indian cities:
- Delhi: 24K at ₹15,419, 22K at ₹14,135, 18K at ₹11,568
- Mumbai: 24K at ₹15,404, 22K at ₹14,120, 18K at ₹11,553
- Kolkata: 24K at ₹15,404, 22K at ₹14,120, 18K at ₹11,553
- Chennai: 24K at ₹15,491, 22K at ₹14,200, 18K at ₹11,850
Silver Rates Across Major Indian Cities
Silver prices displayed consistency, with slight variations in Chennai:
- Delhi: ₹2,600 per 10gm, ₹2,60,000 per kg
- Mumbai: ₹2,600 per 10gm, ₹2,60,000 per kg
- Kolkata: ₹2,600 per 10gm, ₹2,60,000 per kg
- Chennai: ₹2,700 per 10gm, ₹2,70,000 per kg
Factors Influencing Precious Metal Values
Several factors contribute to the daily movement of gold and silver prices in India. International bullion rates play a significant role, as does the exchange rate between the Indian Rupee and the US Dollar. Import duties and seasonal demand, particularly during wedding and festive seasons, also exert influence. For silver, industrial demand and global manufacturing trends add a layer of volatility.
MCX Futures Market Update
On the Multi Commodity Exchange (MCX), futures for both gold and silver showed minor gains during the last trading session on April 24, 2026. Gold (June futures) saw a modest increase of 0.61%, while silver (May futures) climbed by 1.39%. Analysts are closely monitoring global macroeconomic indicators, currency fluctuations, and ongoing geopolitical developments to anticipate future trends in precious metals.