What is the story about?
Today Gold Price (Gold Rate Today) 2 April 2026: Gold prices reversed early gains on Thursday, April 4, pressured by a stronger US dollar and heightened
global focus on developments in the US–Iran situation. As of 6:35 am, spot gold was trading 0.4 per cent lower, down USD 23.14 at USD 4,730.62 per ounce, snapping a four-session winning streak. March marked gold’s worst-performing month in over 17 years. Gold futures were not actively trading at the time of reporting. In the previous session, however, prices had risen 0.8 per cent, gaining Rs 1,222 to close at Rs 1,51,326 on the Multi-Commodity Exchange (MCX).
Stronger dollar dents gold appeal
The US dollar index slipped below 100 in the previous session but was trading 0.1 per cent higher at the time of this report. A stronger dollar tends to reduce gold’s appeal for foreign investors, as it makes the metal more expensive in other currencies.According to analyst Anindya Banerjee, the earlier decline in gold prices was driven by a dollar liquidity crunch triggered by rising oil prices. With oil now stabilising, both gold and silver are expected to regain strength.
He also highlighted that the long-term outlook remains positive, supported by expectations of economic stimulus measures.
Oil prices ease on optimism over US–Iran situation
Oil prices traded lower, influenced by optimism around easing tensions between the US and Iran. Markets are also reacting to the potential reopening of the Strait of Hormuz, a critical global oil supply route.US President Donald Trump indicated that Iran’s new leadership has requested a ceasefire. However, he emphasised that any decision would depend on the Strait of Hormuz being fully operational and secure.
Market Focus: Trump’s Address Could Set Direction
Investors are now closely watching Trump’s scheduled address to the nation at 01:00 GMT (06:30 AM IST). The outcome of this announcement could significantly influence the near-term trajectory of gold prices.
Market strategist Bob Haberkorn noted that gold could climb above USD 5,000 per ounce if de-escalation progresses and expectations of interest rate cuts strengthen.
Domestic Gold Demand Pattern
On the domestic front, analyst Nitin Kedia observed a notable shift in buying behaviour. Traditionally, investors purchased gold during price declines, but now buying activity is increasing even as prices rise.Jewellery stores are witnessing a return to normal footfall, with stronger participation from younger buyers aged 25–30. There is also a visible shift in demand from coins and bars toward jewellery.
Rural demand is expected to improve further, driven by the ongoing harvest season and upcoming weddings. These factors are likely to provide additional support to gold consumption in the coming weeks.
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 | 1,51,670 | 1,39,040 | 1,13,750 |
| Gold Rate in Mumbai | 1,51,620 | 1,38,990 | 1,13,710 |
| Gold Rate in Delhi | 1,51,760 | 1,39,130 | 1,13,820 |
| Gold Rate in Bengaluru | 1,51,700 | 1,39,070 | 1,13,770 |
| Gold Rate in Trivandrum | 1,51,610 | 1,38,980 | 1,13,700 |
| Gold Rate in Kolkata | 1,51,600 | 1,38,970 | 1,13,700 |
| Gold Rate in Hyderabad | 1,51,630 | 1,39,000 | 1,13,720 |
| Gold Rate in Patna | 1,51,590 | 1,38,960 | 1,13,690 |
| Gold Rate in Lucknow | 1,51,770 | 1,39,140 | 1,13,820 |
Gold prices are highly consistent across cities, with minimal variation of under Rs 200. Delhi and Lucknow show slightly higher rates, while Kolkata, Patna, and Trivandrum are marginally lower, indicating a largely uniform national pricing trend.
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 1,50,853 per 10 grams | - |
| 23 carat gold | Rs 1,50,249 per 10 grams | - |
| 22 carat gold | Rs 1,38,181 per 10 grams | - |
| 18 carat gold | Rs 1,13,140 per 10 grams | - |
| 14 carat gold | Rs 88,249 per 10 grams | - |
