Gold Rate in India Falls Nearly Rs 11,000/24K for Second Day; Will Gold Price Today Drop Amid RBI MPC Meet?

Gold rates in India have witnessed a sharp correction over the past two sessions, with bullion slipping significantly amid global uncertainty and ahead of the upcoming Reserve Bank of India (RBI) policy decision.

Gold Rates Amid RBI Policy Decision on 8 April 2026

In the latest trading session, 24 Karat (24K) gold declined to Rs 14,984 per gram, down by Rs 82, while 22 Karat (22K) gold slipped to Rs 13,735 per gram, falling by Rs 75. Over the last two days, gold has dropped by Rs 10,900 per 100 grams for 24K and Rs 10,000 for 22K, reflecting cautious investor sentiment.

The weakness in gold prices comes amid a strengthening US dollar and rising concerns over possible rate hikes. Investors are now closely watching the RBI's first bi-monthly monetary policy of FY27, scheduled to be announced on April 8, which could further influence bullion trends.

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

24 Karat Gold Rate Today in India

For 24 Karat gold, prices have declined across all weight categories in the latest session. The rate for 1 gram stood at Rs 14,984, down from Rs 15,066 in the previous session, marking a fall of Rs 82 as per latest trading session data on GoodReturns.

For larger quantities, 8 grams of 24K gold is priced at Rs 1,19,872, down by Rs 656 from Rs 1,20,528. The benchmark 10-gram price slipped to Rs 1,49,840, registering a decline of Rs 820 compared to Rs 1,50,660 earlier.

On a bulk level, 100 grams of 24K gold is now valued at Rs 14,98,400, reflecting a sharp drop of Rs 8,200 from the previous session.

22 Karat Gold Rate Today in India

In the 22 Karat segment, the price of 1 gram fell to Rs 13,735, down by Rs 75 from Rs 13,810. For 8 grams, the rate dropped to Rs 1,09,880, marking a decrease of Rs 600 from Rs 1,10,480. The 10-gram price eased to Rs 1,37,350, down by Rs 750 compared to Rs 1,38,100 earlier.

Meanwhile, 100 grams of 22K gold is currently priced at Rs 13,73,500, reflecting a fall of Rs 7,500 from Rs 13,81,000 in the previous session.

18 Karat Gold Rate Today in India

Similarly, 18 Karat gold prices moved lower in the latest trading session. The price of 1 gram stood at Rs 11,238, down by Rs 61 from Rs 11,299.

For 8 grams, the rate declined to Rs 89,904, marking a fall of Rs 488 from Rs 90,392. The 10-gram price dropped to Rs 1,12,380, lower by Rs 610 compared to Rs 1,12,990 earlier.

On a larger scale, 100 grams of 18K gold is now priced at Rs 11,23,800, reflecting a decline of Rs 6,100 from the previous level.

MCX Gold Price Trends

On the Multi Commodity Exchange of India (MCX), gold futures for June delivery also showed weakness. Prices fell by Rs 610, or 0.41%, to Rs 1,49,371 per 10 grams during the latest evening session, with a business turnover of 7,270 lots.

Spot Gold Rate Trends

In the international market, spot gold hovered around $4,650 per ounce, fluctuating between gains and losses. Global markets remain on edge due to geopolitical tensions, particularly after warnings issued by Donald Trump regarding Iran.

The uncertainty surrounding the Strait of Hormuz and ceasefire negotiations has kept gold prices volatile, reinforcing its status as a safe-haven asset.

Will RBI's Rate Cut Decision Impact Gold Prices in India? Check Gold Price Outlook Ahead of RBI Policy Decision

Market participants are now focused on the RBI's upcoming policy decision, which could set the tone for gold prices in the near term. Interest rate cues, inflation outlook and currency movement will play a crucial role in shaping bullion trends.

"Gold may continue to benefit from its safe-haven appeal, especially if geopolitical tensions persist or economic growth slows, while silver could see more mixed performance given its role as an industrial metal if high energy prices persist and have a negative impact on global growth," said Ross Maxwell, Global Strategy Operations Lead, 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.