Gold, Silver Prices on 27 April: Rates for 24K, 22K Gold, 999 Silver in Delhi, Mumbai, Pune and Other Cities

Gold and Silver Prices Decline Amid US-Iran Peace Talks and Geopolitical Tensions

Gold prices on the Multi Commodity Exchange (MCX) declined on 27 April, as investors focused on the progress of US-Iran peace talks and crude oil prices jumped over 1%. The US dollar's slight downtick also supported the yellow metal, making it cheaper for buyers in other currencies.

The MCX gold June contracts were 0.13% up at ₹1,52,786 per 10 grams, while MCX silver May contracts were flat at ₹2,44,550 per kg around 10:01 am. The dollar index declined by 0.10% during the session, even as Brent Crude prices jumped over 1% to trade above $106 per barrel.

In the previous session, the gold June futures contract ended at ₹1,52,699 per 10 grams, rising about 0.60%, and the silver May futures contract closed at ₹2,44,636 per kilogram, gaining over 1%. Retail customers must note that jewellers may add making charges, taxes, and GST to the bill, which could hike the final price of the unit.

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

Latest Gold Prices Across Major Indian Cities on 27 April 2026

The US-Iran war, which began on 28 February, has been ongoing for two months, and despite a ceasefire between the two countries, doubts and clarity on a resolution to the war between them remain unsettled. World leaders have also expressed shock and support after the White House Correspondents' Dinner shooting. The UK Prime Minister, Keir Starmer, said that the attack on democratic institutions must be strongly condemned.

US President Donald Trump was evacuated from the White House Correspondents' Dinner after multiple gunshots were heard in the ballroom. He was unhurt. The US Vice President was also evacuated from the shooting scene. One officer was shot, but he was saved by a bulletproof vest.

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

These geopolitical developments are the reason for the continued volatility in both equity markets and commodities. Japan's Nikkei 225 added 1.4% to hit a record high, while South Korea's Kospi jumped 1.83%, also scaling a new peak, in opening trade today. In contrast, Australia's S&P/ASX 200 slid 0.54%, Hong Kong's Hang Seng index slid 0.17%, and mainland China's CSI 300 added 0.25% after China's industrial profits jumped 15.8% from a year earlier in March.