On April 2, 2026, bullion markets across India experienced a notable downturn as both gold and silver prices fell sharply after reaching record highs earlier in the week. The correction comes amid global geopolitical tensions and a stronger U.S. dollar, which have influenced investor sentiment worldwide.
According to market updates, MCX gold slipped to around ₹1,49,013 per 10 grams, marking a decline of over 3%. Just days earlier, gold had touched unprecedented levels of ₹1.52 lakh per 10 grams, reflecting heightened demand during uncertain times. Similarly, MCX silver dropped to ₹2,27,600 per kilogram, a fall of more than 6%, after recently crossing ₹2.58 lakh per kilogram.
City-wise prices showed minor variations, with Delhi and Mumbai quoting gold at approximately ₹1,51,300 per 10 grams, while Chandigarh reported slightly higher rates. Silver, too, saw a broad correction across domestic markets, averaging around ₹2,43,000 per kilogram.
