Gold Prices Ease Rs 30,000 From Peak As Silver Sees Major Correction

Gold and silver markets witnessed a steep correction across major cities including Delhi, Mumbai, Chennai, and Bangalore. The decline follows global cues, with easing geopolitical tensions and a stronger dollar reducing investor appetite for bullion.

Global Factors Driving Prices

The recent US-Iran ceasefire has cooled geopolitical risks, cutting the “war premium” on precious metals. Oil prices have dropped, inflationary pressures softened, and investors shifted toward equities and risk assets, leading to reduced demand for gold and silver.

Gold Price Trends In India

On April 8, 2026, 24-carat gold closed at Rs 150,490 per 10 grams, down from highs of Rs 151,330 earlier this month. In Delhi and Mumbai, retail prices mirrored this decline, with 22-carat gold averaging around Rs 128,159 per 10 grams.

Silver Market Correction

Silver prices fell to Rs 231,004 per 10 grams, marking a sharp drop of Rs 1.88 lakh from peak levels earlier in the year. Analysts attribute this to weaker industrial demand and global supply chain adjustments.

Investor Outlook

Experts suggest the correction may dampen short-term sentiment but could present buying opportunities for long-term investors seeking diversification. The volatility highlights the importance of tracking global events and currency movements when investing in bullion.

Key Highlights

• Gold down Rs 30,000 from peak levels
• Silver plunges Rs 1.88 lakh from highs
• Delhi and Mumbai prices reflect national trend
• Global cues and US-Iran ceasefire ease safe-haven demand
• Potential long-term buying opportunity for investors

Sources: Oneindia, Gold Informa, GoldPriceIndia.com