Gold Rate in India Slips in April After March Crash; Will Gold Price Today Jump or Fall on 6 April 2026?

Gold prices in India have declined by more than 1.3% across all Karat categories in the first week of April, extending the sharp correction seen in March when the precious metal had fallen nearly 14%. Currently, 24 Karat gold is priced at Rs 1,50,930 per 10 grams, while the per gram rate is hovering near Rs 15,100.

The recent weakness in gold prices comes amid heightened geopolitical tensions following military developments involving the United States and Israel against Iran in late February. These developments led to a surge in crude oil prices and a strengthening US dollar, which in turn raised concerns about inflation and possible interest rate hikes. Such conditions typically reduce the attractiveness of gold as an investment.

Despite the overall decline, gold has managed to hold above key support levels. The metal closed around Rs 1,49,650 per 10 grams, marking a gain of nearly 1.9% during the period.

Although the price trend has remained somewhat indecisive over the past week, the broader outlook indicates resilience supported by both global developments and domestic demand factors.

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

According to data from GoodReturns, gold prices across all purity levels remained unchanged in the latest session, suggesting a pause after recent fluctuations.

For 24 Karat gold, the price for 1 gram stands at Rs 15,093. The rate for 8 grams is Rs 1,20,744, while 10 grams is priced at Rs 1,50,930. On a larger scale, 100 grams of 24 Karat gold is valued at Rs 15,09,300.

In the 22 Karat segment, gold is priced at Rs 13,835 per gram. The rate for 8 grams is Rs 1,10,680, while 10 grams stands at Rs 1,38,350. For 100 grams, the price is Rs 13,83,500.

Similarly, 18 Karat gold remains stable, with prices at Rs 11,320 per gram. The cost for 8 grams is Rs 90,560, while 10 grams is priced at Rs 1,13,200. For 100 grams, the rate stands at Rs 11,32,000.

This stability in domestic prices indicates that the market is currently in a consolidation phase following earlier volatility.

MCX Gold Gains 3.56% Weekly Amid Global Uncertainty

In the derivatives segment, gold futures on the Multi Commodity Exchange recorded a weekly gain of 3.56%.

The rise was largely driven by safe-haven demand amid ongoing geopolitical tensions involving the US, Israel and Iran. However, the upward movement was partially limited by the strengthening US dollar and rising oil prices.

Statements from Donald Trump regarding intensified military action further heightened concerns about inflation and prolonged higher interest rates, which tend to weigh on gold prices.

At the same time, Iran's stance on maintaining control over the Strait of Hormuz and rejecting ceasefire claims has added to global uncertainty, keeping demand for gold intact.

Gold has started trading at a premium in India for the first time in nearly two months, indicating improved domestic demand.

In contrast, premiums in China have softened slightly, as buyers remain cautious and await further corrections in prices. Meanwhile, continued gold purchases by central banks across the globe have supported the long-term outlook for the metal.

Gold Price Outlook for April 6

Technical indicators suggest a cautiously positive outlook for gold prices in the coming week. According to a report by Choice Broking, gold has sustained above key moving averages, with the 100 and 200 DEMA levels placed at 1,44,067 and 1,30,586 respectively, while the daily SAR stands at 1,30,093.

The report also highlighted a gradual increase in open interest to 6,650 lots, indicating fresh long positions. RSI levels are hovering around 50 on both daily and weekly charts, reflecting neutral momentum.

Additionally, a bullish crossover in the MACD indicator, along with positive histogram formation, suggests a favourable bias in gold prices in the near term.

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