Gold and Silver Prices: Live Rates for 24K, 22K Gold and 999 Silver in Major Cities

Gold and Silver Prices Rise in India on 22 April

The gold and silver prices in India's domestic futures market continued to trade above the ₹150,000 level on Wednesday, 22 April, with the yellow metal's rates gaining nearly 1% in the market. The MCX Gold 5 June contracts were priced at ₹153,155 per 10 grams, while the MCX Silver 5 May contracts rose by 1.63% to ₹248,696 per kg at around 9:56 am today.

The gains in gold and silver prices can be attributed to positive global cues and a decline in the US dollar and crude oil prices after President Donald Trump extended the ceasefire with Iran. International gold prices also rose, while the US dollar index declined by 0.10% following a fall in crude oil prices.

In the retail market of India, the prices of 24-carat gold were priced at ₹153,530/10 gm, according to data on the Indian Bullion Association (IBA). The prices of 22-carat gold were priced at ₹140,736/10 gms. Silver prices today are at ₹249,810/kg (Silver 999 Fine), as per the IBA website.

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The prices of gold and silver in major Indian cities are as follows:

• Mumbai: 24 karat gold rate ₹153,180/10 gm, 22 karat gold rate ₹140,415/10 gm, Silver 999 Fine rate ₹249,280/1 kg.
• New Delhi: 24 karat gold rate ₹152,920/10 gm, 22 karat gold rate ₹140,177/10 gm, Silver 999 Fine rate ₹248,850/1 kg.
• Hyderabad: 24 karat gold rate ₹153,520/10 gm, 22 karat gold rate ₹140,727/10 gm, Silver 999 Fine rate ₹249,790/1 kg.
• Kolkata: 24 karat gold rate ₹153,080/10 gm, 22 karat gold rate ₹140,323/10 gm, Silver 999 Fine rate ₹249,070/1 kg.
• Bengaluru: 24 karat gold rate ₹153,400/10 gm, 22 karat gold rate ₹140,617/10 gm, Silver 999 Fine rate ₹249,590/1 kg.
• Chennai: 24 karat gold rate ₹153,730/10 gm, 22 karat gold rate ₹140,919/10 gm, Silver 999 Fine rate ₹250,120/1 kg.
• Ahmedabad: 24 karat gold rate ₹153,480/10 gm, 22 karat gold rate ₹140,690/10 gm, Silver 999 Fine rate ₹249,730/1 kg.

Customers must note that jewellers may add making charges, taxes, and GST to the bill, which could hike the final price of the item.

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

Gold prices have witnessed volatility recently after a rise in the US dollar driven by elevated crude oil prices. As per MCX, domestic spot gold prices have declined more than 4% since the US-Iran war started on February 28. Hence, this can be a buying opportunity for those who want to benefit from the dip. A sharp rise in crude oil prices and lingering uncertainty surrounding the US-Iran conflict have increased concerns of an inflation flare-up, reducing the prospects of near-term rate cuts by the US Federal Reserve, keeping gold prices under pressure.

According to Reuters, US Federal Reserve chief nominee Kevin Warsh denied on Tuesday that he had promised the US President to cut interest rates. Warsh's comments were aimed at assuring US senators that he would act independently of the White House while acting as the Fed Chair.

Gold prices last year experienced their strongest bull run since 1979, rising by over 75%. In recent months, gold prices have risen modestly amid safe-haven demand and global economic uncertainty. 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.