MCX, Retail Gold Rates in India Cross Rs 1.50 Lakh/10g; Will Gold Price Today Sustain Rally on 2 April?

Gold rates in India started April 2026 on a firm footing, extending their recent rally after a sharp correction seen recent weeks. In the latest trading session, 24 Karat (24K) gold climbed to Rs 15,148 per gram, gaining Rs 197, while 22 Karat (22K) gold rose to Rs 13,885 per gram, up Rs 180. The rebound reflects renewed buying interest, supported by global developments and a softer US dollar.

Surge in Yellow Metal Prices; Gold Rate Crosses Rs 1.50 Lakh

The yellow metal has surged significantly over the past few days, with 24K gold rising by nearly Rs 33,900 per 100 grams in just three sessions this week. The rally comes amid easing geopolitical concerns after comments from US President Donald Trump suggesting that tensions with Iran could de-escalate within weeks, boosting investor sentiment.

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

24 Karat Gold Rate Today in India

At the time of writing as per GoodReturns data, for 1 gram, the rate of 24K stands at Rs 15,148, up Rs 197 from the previous session. For 8 grams, gold is priced at Rs 1,21,184, marking a rise of Rs 1,576. The 10-gram benchmark rate has climbed to Rs 1,51,480, gaining Rs 1,970, while 100 grams of 24K gold now costs Rs 15,14,800, reflecting a sharp jump of Rs 19,700.

22K Gold Rate Today in India

The price of 1 gram of 22K gold stands at Rs 13,885, up Rs 180. For 8 grams, the rate has increased to Rs 1,11,080, gaining Rs 1,440. The 10-gram price is now Rs 1,38,850, up Rs 1,800, while 100 grams is priced at Rs 13,88,500, marking a rise of Rs 18,000.

18K Gold Rate Today in India

The rate for 1 gram of 18K gold is Rs 11,361, up Rs 148. For 8 grams, the price has moved to Rs 90,888, rising by Rs 1,184. The 10-gram rate stands at Rs 1,13,610, up Rs 1,480, while 100 grams is now priced at Rs 11,36,100, registering a gain of Rs 14,800.

MCX Gold Rate: Futures Cross Rs 1.52 Lakh Mark

In the domestic futures market, gold continued its upward trend on the Multi Commodity Exchange (MCX).

At the latest trading session, gold contracts for June expiry opened higher by Rs 666, or 0.44%, at Rs 1,51,427 per 10 grams, compared to the previous close of Rs 1,50,761. During the last evening session, prices surged further, crossing Rs 1.52 lakh per 10 grams.

Spot Gold Prices Near $4,700 on Global Optimism

In the international market, spot gold prices climbed to around $4,700 per ounce, reaching their highest levels in nearly two weeks. The rally was driven by signs of easing tensions in the Middle East, which could lead to softer oil prices and reduced pressure on central banks to maintain aggressive interest rate policies.

Reports indicating possible diplomatic efforts between the US and Iran, along with statements suggesting a potential end to the conflict, have further supported gold prices globally.

Gold Bullish Trend Likely to Continue; Check Gold Price Outlook Ahead

According to Surendra Mehta, Secretary of the India Bullion & Jewellers Association (IBJA), gold and silver are witnessing a rebound due to easing geopolitical tensions and renewed buying by global funds. He remains optimistic about the long-term outlook, citing rising US debt levels as a major factor supporting precious metals.

Mehta expects gold prices to potentially reach $5,900 to $6,000 per ounce by 2026, while silver could rise to $160 per ounce. He also noted that while jewellery demand has remained subdued due to high prices and uncertainty, investment demand for bullion is likely to increase in the coming months.

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