Gold Rate in India Declines After Flat Session, MCX Recovers; Will Gold Price Today Jump on 7 April? Outlook

Gold rates in India declined in the latest trading session after remaining steady in the previous session, as weak global cues and rising geopolitical tensions weighed on investor sentiment. The price of 24 Karat gold slipped to Rs 15,066 per gram, marking a decline of Rs 27, while 22 Karat gold fell to Rs 13,810 per gram, down by Rs 25.

Decline in Gold Rates Amid Uncertainity Over Iran-US Ceasefire

The movement in precious metals comes amid heightened global uncertainty after Donald Trump issued a fresh warning to Iran, cautioning about possible strikes on power plants and civilian infrastructure if the Strait of Hormuz is not reopened.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Rates Per Gram

Gold prices across all purity levels witnessed a slight correction in the latest session as per GoodReturns data.

24 Karat Gold Rate Today in India

For 24 Karat gold, the price for 1 gram stands at Rs 15,066 compared to Rs 15,093 in the previous session, reflecting a fall of Rs 27. The rate for 8 grams declined to Rs 1,20,528 from Rs 1,20,744, down by Rs 216. For 10 grams, prices dropped to Rs 1,50,660 from Rs 1,50,930, a decrease of Rs 270. On a bulk scale, 100 grams of 24 Karat gold is priced at Rs 15,06,600, lower by Rs 2,700.

22 Karat Gold Rate Today in India

In the 22 Karat segment, gold prices also softened. The rate for 1 gram is Rs 13,810, down from Rs 13,835, marking a fall of Rs 25. For 8 grams, the price stands at Rs 1,10,480 compared to Rs 1,10,680 earlier, a drop of Rs 200. The 10-gram rate declined to Rs 1,38,100 from Rs 1,38,350, while 100 grams is priced at Rs 13,81,000, down by Rs 2,500.

18 Karat Gold Rate Today in India

Similarly, 18 Karat gold witnessed a mild decline. The price for 1 gram stands at Rs 11,299, compared to Rs 11,320 earlier, down by Rs 21. The cost for 8 grams is Rs 90,392, lower by Rs 168, while 10 grams is priced at Rs 1,12,990, marking a fall of Rs 210. For 100 grams, the rate stands at Rs 11,29,900, down by Rs 2,100.

MCX Gold Rate Trends

On the derivatives front, gold prices on the Multi Commodity Exchange (MCX) showed resilience despite weak global cues. In early trade, MCX gold moved higher to hover near its intraday high above Rs 1.50 lakh per 10 grams.

After witnessing volatility during the session, gold prices staged a recovery towards the close on April 6. MCX gold surged by Rs 1,180, or 0.8%, to settle at Rs 1,50,860 per 10 grams.

Spot Gold Trends

In the international market, spot gold remained below $4,700 per ounce on Monday following a sharp decline in the previous session. Investors are closely tracking developments around a potential ceasefire in the Middle East.

Reports suggest that the US, Iran and regional mediators are in discussions over a possible 45-day ceasefire, which could eventually lead to a resolution of the ongoing conflict. This has influenced short-term movements in global gold prices.

Will Gold Rate Jump If Iran-US Tensions Persist? Check Gold Price Outlook

"Yet, persistent geopolitical tensions and concerns over global growth continue to reinforce gold's safe-haven appeal, ensuring demand remains resilient. For the Reserve Bank of India, elevated gold levels signal inflation risks via a weaker rupee, raising consumer prices. The correction offers short-term relief, but if tensions persist, gold could climb further, straining reserves and limiting scope for rate cuts," said Rajeev Sharan, Head of Research, Brickwork Ratings.

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