Gold, Silver Prices Fall: Check 22K And 24K Rates In Your City On April 23

Gold and Silver Rates In India Today, April 23:

Gold and silver prices fell on April 23, as elevated oil prices fuelled fears of inflation and prolonged high interest rates, while investors looked for clarity on stalled peace talks between the US and Iran. On the MCX, gold prices fell 0.34 per cent to trade at Rs 1,52,138 per 10 grams in the early trade, while silver declined 1.63 per cent to Rs 2,44,309 per kg.

In Mumbai, the price of 24-carat gold slipped to Rs 1,53,550 per 10 grams, while 22k gold was available at Rs 1,40,750 per 10 grams. These rates do not include GST and making charges.

What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On April 23?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,40,900	Rs 1,53,700
Jaipur	Rs 1,40,900	Rs 1,53,700
Ahmedabad	Rs 1,40,800	Rs 1,53,600
Pune	Rs 1,40,750	Rs 1,53,550
Mumbai	Rs 1,40,750	Rs 1,53,550
Hyderabad	Rs 1,41,850	Rs 1,53,550
Chennai	Rs 1,41,850	Rs 1,53,550
Bengaluru	Rs 1,41,850	Rs 1,53,550
Kolkata	Rs 1,41,850	Rs 1,53,550

In the international market, spot gold was down 0.7% at $4,705.09 per ounce, as of 0215 GMT. US gold futures for June delivery fell 0.6% to $4,722.10.

Brent

crude oil prices remained above $100 a barrel after larger-than-expected gasoline and distillate stock draws in the United States, and over a lack of progress on the peace talks.

Higher crude oil prices can stoke inflation by raising transportation and production costs, increasing the likelihood of higher interest rates. While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on bullion’s appeal.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.