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Gold Price Today, April 22: Gold prices gained on Wednesday (April 22) following US President Donald Trump’s announcement regarding an extension of the
ceasefire with Iran. As of 5:05 am, spot gold was up 0.3 per cent, or USD 12.3, to trade at USD 4,732.52. Prices had slipped over 2 per cent in the previous session. On the domestic front, gold futures for the June contract on the Multi-Commodity Exchange were not trading at the time of writing this report. However, prices had settled 1.5 per cent, or Rs 2,245 lower, at Rs 1,51,698 in the previous session.
Trump extends ceasefire with Iran
President Donald Trump on Tuesday said he was extending a ceasefire with Iran to allow more time for negotiations, while maintaining a US naval blockade of the country’s ports.“Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so, and upon the request of Field Marshal Asim Munir and Prime Minister Shehbaz Sharif of Pakistan, we have been asked to hold our attack on the country of Iran until such time as their leaders and representatives can come up with a unified proposal,” Trump said in a post on Truth Social.
Rising oil prices cap gold’s gains
However, further upside in the yellow metal was limited as oil futures traded higher. WTI futures were up 0.9 per cent, or USD 0.8, at USD 90.46. Brent was not trading at the time of writing this report, but Brent futures had settled 3.75 per cent higher at USD 99.1.A rise in oil prices puts pressure on gold, as it increases inflation expectations in an economy. This, in turn, reduces the likelihood of interest rate cuts, creating an unfavourable environment for gold.
Fed policy commentary adds to uncertainty
Meanwhile, Warsh called for “regime change” at the US central bank, including a new approach to controlling inflation and a communications overhaul that may discourage policymakers from signalling too much about the direction of monetary policy, according to a Reuters report.City-wise 24K, 22K and 18K Gold rate (Per 10 Grams)
| City Name | 24-carat gold (10 grams) | 22-carat gold (10 grams) | 18-carat gold (10 grams) |
| Gold Rate in Chennai | 156000 | 143000 | 118550 |
| Gold Rate in Bengaluru | 155290 | 142350 | 116470 |
| Gold Rate in Delhi | 155440 | 142500 | 116620 |
| Gold Rate in Mumbai | 155290 | 142350 | 116470 |
| Gold Rate in Kerala | 155290 | 142350 | 116470 |
| Gold Rate in Kolkata | 155290 | 142350 | 116470 |
| Gold Rate in Hyderabad | 155290 | 142350 | 116470 |
| Gold Rate in Patna | 155340 | 142400 | 116520 |
| Gold Rate in Lucknow | 155440 | 142500 | 116620 |
Today gold rate by IBJA
The India Bullion and Jewellers Association (IBJA) sets the daily “base price” of gold in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country. Below is a breakdown of gold prices based on different purity levels (carats) as defined by IBJA.
| Purity by carat | Morning rates | Evening rates |
| 24 carat gold | Rs 1,52,355 per 10 grams | - |
| 23 carat gold | Rs 1,51,745 per 10 grams | - |
| 22 carat gold | Rs 1,39,557 per 10 grams | - |
| 18 carat gold | Rs 1,14,266 per 10 grams | - |
| 14 carat gold | Rs 89,128 per 10 grams | - |
