Gold Price Today In India, Apr 23: 24K Falls Rs 22000/100g in 4 Days; Morgan Stanley Cuts Target, Crash Ahead?

Gold Price Today in India: Prices of 24K, 22K, and 18K gold extended their decline for a third consecutive session on Thursday, April 23. The drop in domestic rates mirrors weakness in global bullion markets, as uncertainty surrounding the West Asia crisis continues to weigh on sentiment.

The silver rate in India followed the trend, declining significantly on Thursday. The recent decline in gold and silver rates in India today is likely to cheer investors and retail jewellery buyers. Here are latest details of gold rates in India today.

Gold Rate in India Today

The price of 24 karat gold in India declined by Rs 120 per gram to Rs 15,355 per gram on Thursday, April 23. The rate of 22 karat gold in India fell by Rs 110 per gram to Rs 14,075 per gram. Likewise, the price of 18 karat gold in India declined by Rs 90 per gram to Rs 11,516 per gram. In the last three days, 24 karat gold price in India has declined close to Rs 223 per gram in four days, which means that per 100 gram of 24 karat gold fell by Rs 22300 in the duration.

Silver Rate in India

The price of silver in India declined by Rs 5 per gram to Rs 260 per gram on Thursday, April 23, and by Rs 5,000 per kilogram to Rs 2,60,000 per kilogram. Silver price in India showcased massive volatility in January and February. Silver rate in India saw a massive jump in January and declined significantly in February.

Morgan Stanley Cuts Gold Price Target For 2026

Gold prices saw a sharp decline in March since the beginning of the Iran-US war, as the prices remained stable after the extension of the ceasefire. Meanwhile Morgan Stanley has cut gold price target to $5,200, down from $5,700 for the rest of year 2026, as per an Economic Times report.

Gold Price Crash Ahead?

Morgan Stanley's trimming of the gold price forecast doesn't clearly hint at a gold rate crash, but rather indicate that the precious metal's trajectory indicates liquidity conditions, bond yields, and monetary policy timing.

International gold rate today, Thursday, stood at $4,700 per ounce, as per Trading Economics data. While US President Donald Trump has extended the ceasefire, the Strait of Hormuz blockade continues to pose threat to global energy supply.

"In this 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," explained Ruchit Thakur, Market Analyst, VT Markets.

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