Daily Prices for Gold and Silver: April 1st Rates in Major Indian Cities
Gold and Silver Prices Surge Amid Middle East Tensions
On Wednesday, 1 April, gold rates in India surged by 1.37% in the domestic futures market, following gains in international bullion prices. The international market saw gold prices rise to their highest in nearly two weeks, supported by a weaker dollar after US President Donald Trump said the war with Iran could be over within two to three weeks.
According to data from the Indian Bullion Association (IBA), the MCX Gold 2 April contracts were priced at ₹148,930 per 10 grams, while the MCX Silver 5 May contracts rose slightly by 0.62% at ₹245,253 per kg at around 11:58 AM today. The 24-carat gold was priced at ₹152,270/10 gm, and the 22-carat gold was priced at ₹139,581/10 gms.
| City | 24-karat Gold Rate (₹/10 gm) | 22-karat Gold Rate (₹/10 gm) | Silver 999 Fine Rate (₹/kg) |
|---|---|---|---|
| Mumbai | 152,000 | 139,333 | 242,080 |
| New Delhi | 151,610 | 138,976 | 241,760 |
| Hyderabad | 152,110 | 139,434 | 242,560 |
| Kolkata | 151,670 | 139,031 | 241,850 |
| Bengaluru | 151,990 | 139,324 | 242,360 |
| Chennai | 152,320 | 139,627 | 242,880 |
| Ahmedabad | 152,070 | 139,398 | 242,490 |
Gold and silver prices have seen significant increases over the years. Notably, gold prices last year experienced their strongest bull run since 1979, rising by over 75%. In recent months, gold prices have risen modestly amid strong safe-haven demand and global economic uncertainty. In India, the yellow metal climbed from ₹135,257 in early January to ₹157,480 in early March, marking an appreciation of around 16%. Meanwhile, silver prices have seen even steeper increases due to strong demand and currency fluctuations, rising from roughly ₹78,600/kg in 2023-2024 to over ₹200,000/kg in early 2026.
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