Crash in Gold Rate in India By Rs 17,400 in Just 2 Days; Will Gold Price Today Rebound or Fall on 24 April?

Gold rates in India extended their decline for the second consecutive session, with the yellow metal witnessing a sharp correction in the latest trading cycle. Amid persistent global uncertainty and volatility linked to the Middle East situation, domestic gold rates have now fallen significantly, with 24 Karat gold dropping by nearly Rs 17,400 per 100 grams over the past two days, erasing gains from the previous upward trend.

Gold Rate Today: Check Latest 24K, 22K & 18K Gold Prices Per Gram

24K Gold Rate Today in India

In the latest retail update, 24 Karat (24K) gold slipped by Rs 120 per gram to Rs 15,355, down from Rs 15,475 in the previous session. On a quantity basis, 8 grams of 24K gold was priced at Rs 1,22,840 compared to Rs 1,23,800 earlier, reflecting a decline of Rs 960. The 10-gram rate dropped by Rs 1,200 to Rs 1,53,550 from Rs 1,54,750, while the 100-gram price fell sharply by Rs 12,000 to Rs 15,35,500.

22K Gold Rate Today in India

The 22 Karat (22K) gold segment also remained under pressure, declining by Rs 110 per gram to Rs 14,075 from Rs 14,185. For 8 grams, the price stood at Rs 1,12,600, down by Rs 880 from the previous Rs 1,13,480. The 10-gram rate fell to Rs 1,40,750, marking a drop of Rs 1,100, while the 100-gram price declined by Rs 11,000 to Rs 14,07,500.

18 Karat Gold Rate Today in India

Similarly, 18 Karat (18K) gold recorded losses across all weights. The per gram price fell by Rs 90 to Rs 11,516 from Rs 11,606. The 8-gram rate stood at Rs 92,128, down by Rs 720, while 10 grams declined by Rs 900 to Rs 1,15,160. On a larger scale, 100 grams of 18K gold dropped by Rs 9,000 to Rs 11,51,600, indicating a broad-based correction across purity levels.

MCX Gold Price Trends

In the domestic derivatives market, MCX gold prices reflected heightened volatility in the evening session. The GOLDM options contract for 10 grams was last recorded around Rs 987, after opening near Rs 1,478 and touching a high of Rs 1,790 and a low of Rs 928. The contract declined by Rs 259.50, or 20.82%, during the session. This movement was recorded around 10:30 PM in the latest evening trade.

Spot Gold Price Trends

On the global front, spot gold prices moved lower, slipping toward the $4,700 per ounce mark on Thursday. Gold has declined roughly 10% since the onset of the conflict, reflecting a shift in investor sentiment as per Trading Economics

Silver Vs Gold; Where To Invest: Check Gold-Silver Ratio and Forecast Ahead

"A fall in the gold‑silver (mint) ratio below 60 signals that silver is outperforming gold. With the current ratio hovering just above 60 near the 20‑ and 50‑day EMAs around 62, a sustained breakdown below 58.5-57-55 would tilt the risk‑reward firmly in favour of silver, suggesting further relative upside for silver even if gold remains broadly stable," said Kavita More, Choice Broking.

"Structurally, as long‑term forecasts keep silver in a supply‑deficit and industrial‑demand‑led uptrend, a ratio shading toward 50 or lower would reinforce a high‑volatility, silver‑led phase within a broader gold‑silver bull," she added.

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