Gold Rates In India Today (22-04-2026) Crash By Rs 5,500 Despite MCX Gold Price Up 1%; Silver Rates Unchanged

Gold rates in India crashed today by nearly Rs 5,500 in 24 carat on April 22, despite the broader market witnessing bullish sentiment. The MCX gold price surged by 1% to hold above Rs 1.53 lakh mark, while spot gold climbed by 1% to near $4,9750 per ounce. Spot silver and MCX gold price are also up by 1% to 2%. But despite this, physical gold prices plunged, with 10 grams at Rs 1,54,750 in 24 carat. 22 carat and 18 carat gold prices slipped too. On the other hand, physical silver rates in India stood flat on Wednesday after falling by up to Rs 10,000 yesterday.

One of the key reasons why physical gold prices and silver rates are down is due to firmness in the dollar, which holds near the 98.5 mark. The talks for the second round of peaceful talks between the US and Iran are in disarray, following which US President Donald Trump extended the temporary ceasefire; however, the blockade at Strait of Hormuz by US Navy still continues.

Many reports indicated that Vice President JD Vance canceled a planned trip to Islamabad for talks after Tehran informed the US via Pakistan that it would not take part in the meeting. Iran also stated it would not reopen the Strait of Hormuz while the US Navy continues intercepting vessels. Meanwhile, Trump said he would delay further strikes until Iran presents a new proposal and negotiations are concluded, as per Trading Economics.

Following the uncertainty in geopolitical tensions between US and Iran, crude oil prices are trading steady with minor ups and downs on April 22. Along with the firmness in dollar, gold and silver prices who are initially called safe haven assets, are struggling to hedge gains.

Gold Rates In India:

24 Carat Gold Rates In India Today

The 24 carat gold price stood at Rs 1,54,750 per 10 grams, down by Rs 540 on April 22. The steepest decline is seen in 100 grams gold by Rs 5,400 to Rs 15,47,500. Meanwhile, 8 grams gold slid down by Rs 432 to Rs 1,23,800 and 1 gram gold is lower by Rs 54 to Rs 15,475.

22 Carat Gold Rates In India Today:

22 carat gold price stood at Rs 1,41,850 per 10 grams, lower by Rs 500. While the 100 grams gold price in the same carat plunged by Rs 5,000 to Rs 14,18,500. Also, 8 grams gold is down by Rs 400 to Rs 1,13,480 and 1 gram gold slipped by Rs 50 to Rs 14,185.

18 Carat Gold Rates In Today:

Meanwhile, 18 carat gold price tumbled by Rs 4,100 to Rs 11,60,600 per 100 grams, while 10 grams gold is down by Rs 410 to Rs 1,16,060. The 8 grams gold here dipped by Rs 328 to Rs 92,848 and 1 gram gold is down by Rs 41 to Rs 11,606.

Check Gold Rates In Top Cities (Per Gram)

City	24K Today	22K Today	18K Today
Chennai	₹15,546	₹14,250	₹11,804
Mumbai	₹15,475	₹14,185	₹11,606
Delhi	₹15,490	₹14,200	₹11,621
Kolkata	₹15,475	₹14,185	₹11,606
Bangalore	₹15,475	₹14,185	₹11,606
Hyderabad	₹15,475	₹14,185	₹11,606
Kerala	₹15,475	₹14,185	₹11,606
Pune	₹15,475	₹14,185	₹11,606
Vadodara	₹15,480	₹14,190	₹11,611
Ahmedabad	₹15,480	₹14,190	₹11,611

As per Kaynat Chainwala, AVP Commodity Research, Kotak Securities, the pressure came as escalating US-Iran tensions drove a sharp rally in crude oil and kept US Treasury yields firm, reducing the appeal of non-yielding bullion. The West Asia conflict, now in its eighth week, has heightened fears of prolonged energy supply disruptions and the associated inflationary fallout, reinforcing the higher-for-longer rate narrative and weighing on precious metals.

Over the weekend, the US signaled that the current ceasefire is unlikely to be extended beyond April 22, keeping markets on edge. Markets also reacted to reports that Kevin Warsh, expected to succeed Fed Chair Jerome Powell, may push for lower rates, a smaller Fed balance sheet, and structural reforms at the central bank.

Silver Rates In India:

On the other hand, silver rates in India are unchanged on April 22, after 1Kg silver price fell by Rs 10,000 on April 21st.

That being said, 1Kg silver is available at Rs 2,65,000, while 100 grams silver is priced at Rs 26,500 and 10 grams silver is at Rs 2,650. The 8 grams silver price stood at Rs 2,120 and 1 gram silver is at Rs 265.

MCX Gold Price + MCX Silver Price Today:

Physical gold prices dropped despite mcx gold and silver witnessing an uptrend. At the time of writing, MCX gold price traded at Rs 1,53,175 per 10 grams, up by Rs 1,504 or 0.99% which is near its day's high of Rs 1,53,699 per 10 grams.

Meantime, MCX silver price traded at Rs 2,48,892 per 1Kg, rising by Rs 4,191 or 1.71% which is near its intraday high of Rs 2,49,423 per 1Kg.

Gold Rates & Silver Rates Outlook

"Near-term direction will hinge on developments in US-Iran talks and incoming US macro data, including retail sales, housing, and labor indicators, which will shape interest rate expectations," said Chainwala.

As per Ponmudi R, CEO of Enrich Money, here are the gold and silver prices outlook:

Gold Price Outlook:

MCX Gold is trading above Rs1,53,000 level with emerging buying interest at lower levels, while prices continue to remain in a consolidation phase within a defined range. A sustained move above Rs1,55,000 could revive momentum toward Rs1,57,000-Rs1,58,000. On the downside, a break below Rs1,52,000 may lead to a corrective move toward Rs1,51,000-Rs1,50,000 and further to Rs1,48,000. The bias remains cautious, with macro factors offering limited support; however, failure to break above resistance levels may keep momentum weak and tilt the trend further to the downside.

Silver Price Outlook:

MCX Silver trading within Rs2,48,000-Rs2,50,000, with safe-haven demand and strength in industrial metals offering only limited support amid elevated volatility, as geopolitical tensions continue to weigh on sentiment. Resistance is placed at Rs2,53,000-Rs2,55,000, with further upside toward Rs2,60,000-Rs2,62,000. A sustained move above these levels could strengthen momentum and support further gains. On the downside, a decisive break below Rs2,45,000 may lead to a corrective move toward the Rs2,43,000-Rs2,40,000 range.

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