Gold and silver prices witnessed a sharp decline on the first trading day of the week, April 6, 2026, in the bullion market. On the Multi Commodity Exchange (MCX), gold opened at Rs 1,48,560 per 10 grams, while silver opened at Rs 2,30,200 per kg.
The decline in both domestic and global markets is attributed to rising geopolitical tensions following repeated warnings to Iran by US President Donald Trump. Increased uncertainty has impacted investor sentiment.
On the previous trading session on Thursday, April 2, 2026, gold had closed at Rs 1,49,650 per 10 grams and silver at Rs 2,32,600 per kg. Markets remained closed on April 3 due to Good Friday, with trading resuming on April 6.
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Compared to the last closing price, gold has dropped by Rs 1,090 per 10 grams, while silver has declined by Rs 2,400 per kg. Notably, gold is now down by Rs 31,440 and silver by Rs 1,89,800 from their all-time highs.
In Delhi, the price of 24-carat gold stands at Rs 1,51,070, while 22-carat is priced at Rs 1,38,490 and 18-carat at Rs 1,13,340. In Mumbai, 24-carat gold is priced at Rs 1,50,920, 22-carat at Rs 1,38,340 and 18-carat at Rs 1,13,190.
In Chennai, 24-carat gold is priced at Rs 1,52,170, 22-carat at Rs 1,39,490 and 18-carat at Rs 1,16,340. In Kolkata, 24-carat gold stands at Rs 1,49,130, 22-carat at Rs 1,36,700 and 18-carat at Rs 1,18,500.
In Patna, 24-carat gold is priced at Rs 1,50,970, 22-carat at Rs 1,38,390 and 18-carat at Rs 1,13,240.
Silver prices have also dropped significantly. In Delhi, Mumbai, Kolkata and Patna, silver is priced at Rs 2,50,000 per kg, while in Chennai it stands at Rs 2,54,900 per kg.