Gold and Silver Prices See Third Consecutive Day of Decline in Indian Bullion Market

Domestic Gold Rates Continue to Slip Amid Market Weakness

New Delhi, April 16, 2025 — The Indian bullion market witnessed a continued decline for the third straight day today, as gold and silver prices dropped marginally across major cities. Market analysts attribute the downward trend to global economic uncertainties and a dip in demand from retail investors.

24-Carat and 22-Carat Gold Rates Across Major Indian Cities

24-carat gold is currently trading between ₹95,170 and ₹95,320 per 10 grams, while 22-carat gold ranges from ₹87,190 to ₹87,340 per 10 grams. The national capital, Delhi, recorded 24-carat gold at ₹95,320 per 10 grams, with 22-carat gold priced at ₹87,340.

Mumbai saw 24-carat gold at ₹95,170 and 22-carat at ₹87,190. Similarly, Ahmedabad recorded ₹95,220 and ₹87,240 per 10 grams for 24- and 22-carat gold respectively. Chennai followed suit with gold rates at ₹95,170 (24-carat) and ₹87,190 (22-carat). Kolkata’s prices mirrored Chennai’s, marking a consistent dip across the eastern region.

In Lucknow, Jaipur, and Patna, 24-carat gold stood at ₹95,320, while 22-carat gold traded at ₹87,340 per 10 grams.

Silver Also Trades Lower in Delhi Bullion Market

Silver followed a similar trajectory, with prices falling to ₹99,700 per kilogram in Delhi. The precious metal has seen subdued movement amid weak industrial demand and stronger dollar sentiment in global markets.

Broader Trends in Southern and Eastern Indian Markets

The weakening trend extended to southern and eastern regions, including Karnataka, Telangana, and Odisha. In Bengaluru, Hyderabad, and Bhubaneswar, 24-carat gold was priced at ₹95,170 per 10 grams, and 22-carat gold at ₹87,190 per 10 grams.

Market watchers suggest that the recent downward shift may offer buying opportunities for long-term investors, especially as the wedding season approaches.