Gold’s Upward Momentum Continues As Silver Faces Pressure From Global Market Trends

Precious Metals Market Snapshot

Gold prices across major Indian cities showed minor variations but remained elevated. In Delhi, 24K gold was priced at ₹14,967 per gram, while in Mumbai it stood at ₹14,952 per gram. Silver prices, however, softened compared to earlier highs, trading near ₹2.32 lakh per kilogram.

Drivers Of Price Movement

The rise in gold prices is attributed to global inflation concerns, geopolitical tensions, and investor demand for safe-haven assets. Currency fluctuations against the US dollar also played a role in pushing domestic prices higher. Silver, on the other hand, faced pressure from industrial demand uncertainties, leading to a slight decline.

Impact On Investors And Consumers

For investors, the surge in gold reinforces its role as a hedge against inflation and market volatility. Consumers, however, may face higher costs for jewelry purchases during the wedding season. Silver’s dip offers some relief for industrial buyers, particularly in electronics and renewable energy sectors where silver is a key input.

Regional Price Trends

Prices varied slightly across cities due to local demand and supply dynamics:

• Delhi: Gold ₹14,967 per gram (24K), Silver ₹2.32 lakh/kg
• Mumbai: Gold ₹14,952 per gram (24K), Silver ₹2.32 lakh/kg
• Kolkata: Gold ₹14,952 per gram (24K), Silver ₹2.32 lakh/kg
• Chennai: Gold ₹14,921 per gram (24K), Silver ₹2.32 lakh/kg

Key Highlights

* Gold price rises to ₹15,094 per gram (24K purity) on April 4, 2026

* Silver trades lower at around ₹2.32 lakh per kilogram

* Inflation, global tensions, and currency fluctuations drive gold demand

* Silver faces pressure from weaker industrial demand outlook

* Regional variations in gold prices across Delhi, Mumbai, Kolkata, and Chennai

Sources: GoldPriceIndia.com, Mathrubhumi English, News24 English