Gold Rate in India Slips Around Rs 5,000 In a Day; MCX Down; Will Gold Price Today Drop Further on 21 April?

Gold rates in India opened the new trading week under mild pressure, with the yellow metal extending its recent weakness in the domestic market. Selling activity at higher levels and cautious global sentiment kept bullion on the back foot.

Decline in Gold Rates Amid Renewed Tensions Around Strait of Hormuz

In the latest session, 24 Karat (24K) gold eased to around Rs 15,529 per gram, down Rs 49, while 22 Karat (22K) gold slipped to Rs 14,235 per gram, losing Rs 45. The softer trend was also visible across lower purity segments, indicating a broad-based decline in prices.

The decline in domestic gold prices comes amid mixed global signals. A stronger US dollar weighed on bullion demand, making the metal less attractive for investors holding other currencies. At the same time, fresh geopolitical concerns emerged after reports suggested renewed tensions around the Strait of Hormuz, which pushed crude oil prices higher.

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

24 Karat Gold Rate Today

In the latest price update, 24 Karat gold at Rs 15,529 per gram compares with Rs 15,578 in the previous session, marking a decline of Rs 49. On higher quantities, 8 grams is priced at Rs 1,24,232 (down Rs 392), 10 grams at Rs 1,55,290 (down Rs 490) and 100 grams at Rs 15,52,900, reflecting a fall of Rs 4,900.

22 Karat Gold Rate Today

For 22 Karat gold, the rate moved down to Rs 14,235 per gram from Rs 14,280 earlier, showing a drop of Rs 45. This translates into Rs 1,13,880 for 8 grams, Rs 1,42,350 for 10 grams, and Rs 14,23,500 for 100 grams, indicating steady weakness across weight categories.

18 Karat Gold Rate Today

Similarly, 18 Karat gold also followed the downward trend. The rate declined to Rs 11,647 per gram, down Rs 37. For 8 grams, the price stands at Rs 93,176, while 10 grams is priced at Rs 1,16,470. On a bulk basis, 100 grams is now valued at Rs 11,64,700, showing a decline of Rs 3,700.

MCX Gold Rate; Check Latest Prices

Gold futures on the Multi Commodity Exchange (MCX) remained under pressure in the latest trading session around 11 PM. The June 5, 2026 contract was trading at around Rs 1,52,799 per 10 grams, down by Rs 629 or 0.41%. During the session, prices touched an intraday high of Rs 1,53,980 and a low near Rs 1,53,158, reflecting mild volatility.

The contract also hovered around higher levels of Rs 1,54,348 to Rs 1,54,609 earlier, before slipping as selling pressure intensified toward the latter half of the session.

Spot Gold Price Drops Below $4,800

In the international market, spot gold prices fell more than 1% and slipped below the $4,800 per ounce mark. The decline came as renewed tensions in the Strait of Hormuz pushed crude oil prices higher, intensifying inflation expectations. Rising energy prices have created uncertainty in global markets, leading to short-term pressure on bullion.

The weakness was driven by a stronger US dollar and rising crude oil prices, which climbed near $95 per barrel, reducing demand for safe-haven assets like gold.

Gold Rate Outlook Ahead: Geopolitics and Inflation Drive Volatility

Market experts note that gold is currently influenced by a combination of geopolitical tensions, inflation fears, and currency movements, making the outlook highly dynamic.

"Gold and silver stand at the intersection of conflict and capital. As the U.S.-Iran ceasefire fractures and energy supply shocks fuel inflation fears, precious metals face both headwinds and tailwinds simultaneously. Markets are not driven by a single force today, but by a complex web of geopolitics, monetary policy, and industrial demand," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd and President of India Bullion and Jewellers Association Ltd.

"In such an environment, gold and silver are not merely commodities - they are mirrors of global uncertainty. Overall trend is bullish, buy on dips should be the strategy used," he added.

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