Current Gold and Silver Prices for 24K, 22K Gold and 999 Silver in Major Indian Cities on 7 April

Global Markets: Gold and Silver Prices Experience Slight Decline Amid US Dollar Strength

The gold market in India witnessed a minor decline on Tuesday, April 7, as investors engaged in profit booking. This move came as the US dollar index remained above 100, exerting additional downward pressure on gold prices. The persistent tensions between the US and Iran, led by US President Donald Trump, have contributed to an increase in investor appeal for the US dollar, further boosting the value of the dollar and negatively impacting gold prices.

Market Trends

In early trading on Tuesday, Brent crude oil prices rose by more than 1% to $111 per barrel, a significant increase from previous levels. This surge in oil prices may be attributed to the ongoing tensions with Iran, which have led to concerns about potential disruptions to global oil supplies.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Current Prices

The current prices for gold and silver in various Indian cities are as follows:

Year-Over-Year Growth

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Gold prices have experienced significant growth over the past year, with a rise of over 75% in 2025, marking the strongest bull run since 1979. In India, the yellow metal has appreciated by around 16% since early January, climbing from ₹135,257 to ₹157,480 in early March. However, gold prices have declined in recent days as investors book profits.

Silver prices have seen even steeper increases due to strong demand and currency fluctuations, rising from approximately ₹78,600/kg in 2023-2024 to over ₹200,000/kg in early 2026. Despite these gains, both metals have experienced price volatility in response to recent geopolitical developments, including the US-Iran conflict.