What is the story about?
Gold Price today, April 6: Gold rates on Monday (April 6) slipped over 1 per cent, weighed down by the US President Donald Trump's threat to strike Iran’s
power plants and bridges, which strengthened the safe-haven dollar, making the yellow metal less appealing for foreign buyers. As of 5:10 am, spot gold fell 1.3 per cent or USD 62 to trade at USD 4,613.48. The prices are on track to slip for the second straight session. However, at the time of writing this report, gold prices on the Multi-Commodity Exchange (MCX) were not trading, but they had settled nearly flat at Rs 1,49,650 in the previous trading session.
Dollar index weighs on gold rates
The US Dollar Index, relative to a basket of major foreign currencies, was trading 0.2 per cent higher at 100.26. A stronger USD typically puts downward pressure on gold prices because gold is dollar-priced and becomes more expensive for non-USD buyers.Geopolitical tensions and oil impact
On the geopolitical front, the US President posted on the social media platform 'Truth Social', threatening Iran to bomb its power plants and bridges if it does not open the Strait of Hormuz. However, Tehran has rejected the ultimatum."Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell - JUST WATCH! Praise be to Allah. President DONALD J. TRUMP," he posted.
Adding further pressure on the yellow metal are rising crude prices. Crude prices were trading above the USD 110 mark amid developments in the Middle East. Higher oil prices support inflation, reduce consumers’ purchasing power, and decrease the chances of a rate cut or lead to rising interest rates, which creates pressure on bullion.
Outlook and key data in focus
Looking ahead, "Going into the week, focus remains on developments in the Gulf region, any sign of further escalation or de-escalation may drive prices accordingly," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, told PTI.Analysts said the overall trend in precious metals is expected to remain sideways to bullish next week, according to a PTI report.
This week, investors will keep a close eye on inflation data, including CPI and PCE, which could shed light on the condition of the world’s largest economy.
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 | 151090 | 138500 | 115450 |
| Gold Rate in Delhi | 151080 | 138500 | 113350 |
| Gold Rate in Mumbai | 150930 | 138350 | 113200 |
| Gold Rate in Bengaluru | 150930 | 138350 | 113200 |
| Gold Rate in Trivandrum | 150930 | 138350 | 113200 |
| Gold Rate in Kolkata | 150930 | 138350 | 113200 |
| Gold Rate in Hyderabad | 150930 | 138350 | 113200 |
| Gold Rate in Patna | 150980 | 138400 | 113250 |
| Gold Rate in Lucknow | 151080 | 138500 | 113350 |
Gold prices remain largely uniform across major cities, with 24-carat rates hovering around Rs 1,50,900 to Rs 1,51,090 per 10 grams. Chennai records the highest price, while Mumbai and other metros show marginally lower rates. Variations in 22-carat and 18-carat gold are minimal overall.
Today's 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 1,46,608 per 10 grams | - |
| 23 carat gold | Rs 1,46,021 per 10 grams | - |
| 22 carat gold | Rs 1,34,293 per 10 grams | - |
| 18 carat gold | Rs 1,09,956 per 10 grams | - |
| 14 carat gold | Rs 85,766 per 10 grams | - |
