Drop of Over Rs 10,000 in Gold Rate in India, MCX Gold Jumps; Will Gold Price Today Rise or Fall on 23 April?

Gold rates in India extended their losing streak on April 22, 2026, as the yellow metal continued to face pressure amid easing global geopolitical tensions and improving risk sentiment in financial markets. After a brief period of stability, bullion has now declined for three consecutive sessions, with overall losses of nearly Rs 10,300 per 100 grams in 24K gold over the past three days.

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

24 Karat Gold Rate Today in India

In the latest trading session, 24 Karat gold prices slipped by Rs 54 per gram to Rs 15,475, compared with Rs 15,529 in the previous session. On a bulk basis, 8 grams of 24K gold was priced at Rs 1,23,800, down from Rs 1,24,232, while 10 grams stood at Rs 1,54,750 against Rs 1,55,290. The 100-gram category also reflected the broader weakness, falling to Rs 15,47,500 from Rs 15,52,900.

22 Karat Gold Rate Today in India

Similarly, 22 Karat gold followed the same downward trend, declining by Rs 50 per gram to Rs 14,185 from Rs 14,235. For larger quantities, 8 grams of 22K gold was priced at Rs 1,13,480, while 10 grams stood at Rs 1,41,850. The 100-gram rate dropped to Rs 14,18,500.

18 Karat Gold Rate Today in India

The 18 Karat gold segment also softened, falling by Rs 41 per gram to Rs 11,606 from Rs 11,647 in the previous session. Prices for 8 grams of 18K gold were recorded at Rs 92,848, while 10 grams stood at Rs 1,16,060. The 100-gram price eased to Rs 11,60,600.

MCX Gold Rate Trends

In the futures market, MCX gold (FUTCOM) June 2026 contract (05JUN2026) for 10 grams was last seen trading around Rs 1,53,335. The session opened around Rs 1,52,200 and moved within a range of Rs 1,51,671 to Rs 1,53,699. The contract gained about Rs 721, or 0.48%, in the latest trading session.

As per the latest MCX trading update, the movement was recorded around the 10:30 PM session, indicating late-evening volatility in domestic futures trading. Despite the marginal gain in MCX gold, retail prices of 22K, 24K, and 18K gold remained under pressure due to broader global cues and weakening investor demand.

Spot Gold Price Trends

On the global front, gold prices rebounded after recent losses, with spot gold rising above $4,750 per ounce. The recovery came after reports that the US extended its ceasefire arrangement with Iran, easing concerns over immediate geopolitical escalation.

However, the collapse of planned peace negotiations limited further upside momentum in the international bullion market.

Gold Rate Outlook Amid US-Iran Ceasefire

"In the same macro environment, the outlook for precious metals presents a contrasting dynamic between gold and silver. Gold continues to serve as a relatively stable safe-haven asset, supported by persistent geopolitical uncertainties, central bank buying-especially across Asia-and its role as an inflation hedge. Although real yields remain elevated, they are no longer rising sharply, which provides some support to gold prices," said Ruchit Thakur, Market Analyst, VT Markets.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.