Gold and Silver Rates In India Today, April 27: Gold and silver prices rose on April 27, helped by a slightly softer dollar, while investors looked for progress on the stalled peace talks between the US and Iran. In Mumbai, the price of 24-carat gold rose to Rs 1,54,030 per 10 grams, while 22k gold was available at Rs 1,41,190 per 10 grams. These rates do not include GST and making charges.
Meanwhile, silver spot prices across India stood at Rs 2,59,800 per kg in Mumbai.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On April 25?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,41,340 | Rs 1,54,180 |
| Jaipur | Rs 1,41,340 | Rs 1,54,180 |
| Ahmedabad | Rs 1,41,240 | Rs 1,54,080 |
| Pune | Rs 1,41,190 | Rs 1,54,030 |
| Mumbai | Rs 1,41,190 | Rs 1,54,030 |
| Hyderabad | Rs 1,41,190 | Rs 1,54,030 |
| Chennai | Rs 1,41,190 | Rs 1,54,030 |
| Bengaluru | Rs 1,41,190 | Rs 1,54,030 |
| Kolkata | Rs 1,41,190 | Rs 1,54,030 |
In the international markets, spot gold was steady at $4,707.75 per ounce, as of 0233 GMT, after shedding 0.8% earlier in the session. Last week, the metal fell 2.5% to snap a four-week winning streak. US gold futures for June delivery fell 0.4% to $4,720.50.
Lending support to
bullion, the dollar eased after a report said that Iran through Pakistani mediators gave the US a new proposal on reopening the Strait of Hormuz and ending the war.
“We’re just sort of watching now whether there’s progress in the (US-Iran) talks at all in the coming days and that’s going to be the biggest driver for gold,” said Kyle Rodda, a senior financial market analyst at Capital.com, according to Reuters.
U.S. President Donald Trump said on Sunday that Iran could telephone if it wants to negotiate an end to their two-month war and stressed it can never have a nuclear weapon.
Trump cancelled a trip by two US envoys to Iran war mediator Pakistan on Saturday, dealing a setback to peace prospects. Oil prices rose as the stalled peace talks prolonged the disruption of Middle East energy exports.
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.
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