What is the story about?
Gold Price Today in India, April 9: Gold prices edged lower on Thursday, April 9, in both international and domestic markets, as gains were capped by a modest
strengthening of the US dollar. However, easing geopolitical tensions helped sustain positive sentiment, limiting the downside. At 9:30 am, spot gold in the international market was down 0.2 per cent (USD 8) at USD 4,711.42, after hitting a three-week high in the previous session. In India, June gold futures on the Multi-Commodity Exchange (MCX) declined 0.4 per cent (Rs 621) to trade at Rs 1,51,155.
Dollar strength weighs on gold
On the currency front, the US dollar edged up to trade above USD 99. A stronger dollar typically makes gold more expensive for foreign buyers, thereby capping gains in the yellow metal.Geopolitical developments support sentiment
“The ceasefire is calming markets and easing pressure. It could help roll back some inflationary pressures and might open the door for Fed rate cuts, which is bullish for gold,” Edward Meir, an analyst at Marex, told Reuters.
Adding to the supportive sentiment, US President Donald Trump said in a social media post on Tuesday that he would suspend military action against Iran for two weeks, stating that the US had already achieved its core military objectives. The announcement came just hours ahead of a 20:00 ET deadline imposed on Tehran to reopen the critical Strait of Hormuz.
This development pushed oil prices below the USD 100 mark, increasing the likelihood of interest rate cuts, an outcome generally favourable for gold prices.
Fed Minutes signal inflation concerns
Additionally, minutes from the Federal Reserve’s March 17–18 meeting showed that a growing number of policymakers felt that rate hikes might still be needed to counter persistent inflation, which continues to exceed the central bank’s 2 per cent target. The impact of the Iran conflict was also cited as a contributing factor, according to a Reuters report.Focus shifts to key inflation data
Market attention will now turn to upcoming inflation data later this week, particularly the PCE Index due on Thursday and the CPI data scheduled for Friday.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 | 154910 | 142000 | 118600 |
| Gold Rate in Delhi | 153970 | 141150 | 115520 |
| Gold Rate in Mumbai | 153820 | 141000 | 115370 |
| Gold Rate in Bengaluru | 153820 | 141000 | 115370 |
| Gold Rate in Trivandrum | 153820 | 141000 | 115370 |
| Gold Rate in Kolkata | 153820 | 141000 | 115370 |
| Gold Rate in Hyderabad | 153820 | 141000 | 115370 |
| Gold Rate in Patna | 153870 | 141050 | 115420 |
| Gold Rate in Lucknow | 153970 | 141150 | 115520 |
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 1,51,121 per 10 grams | - |
| 23 carat gold | Rs 1,50,516 per 10 grams | - |
| 22 carat gold | Rs 1,38,427 per 10 grams | - |
| 18 carat gold | Rs 1,13,341 per 10 grams | - |
| 14 carat gold | Rs 88,406 per 10 grams | - |
