Gold and silver futures prices declined sharply on April 2, 2026, in the domestic futures market. On the Multi Commodity Exchange (MCX), the gold futures contract expiring on June 5, 2026, was trading lower by around Rs 3,200, reflecting a clear impact on investor sentiment.
Gold futures on MCX opened at Rs 1,52,490 per 10 grams compared with the previous close of Rs 1,53,708. At 9:55 AM, the contract was trading at Rs 1,50,495, down 2.09 percent. During early trade, the contract touched a high of Rs 1,52,490. The decline led to increased caution among investors and restrained buying activity.
Silver Prices Decline
Silver prices also registered a decline alongside gold. The MCX silver contract expiring on May 5, 2026, was trading at Rs 2,43,501 per kilogram, down 4.90 percent. The contract opened at Rs 2,42,800 and also recorded an intraday high of Rs 2,42,800.
In the local market, silver prices declined across cities. In Delhi, silver was priced at Rs 2,551 per 10 grams, with 100 grams costing Rs 25,510. In Chennai, silver was priced at Rs 2,550 per 10 grams, while in Mumbai and Kolkata, it was priced at Rs 2,500 per 10 grams.
Gold Prices in Delhi
Despite the decline, gold prices varied across purity levels and cities. In Delhi, 24-carat gold was priced at Rs 1,53,110 per 10 grams, 22-carat at Rs 1,40,360, and 18-carat at Rs 1,14,870.
Gold Prices in Mumbai and Chennai
In Mumbai, 24-carat gold was priced at Rs 1,52,960 per 10 grams, 22-carat at Rs 1,40,210, and 18-carat at Rs 1,14,720. In Chennai, 24-carat gold was priced at Rs 1,53,280, 22-carat at Rs 1,40,510, and 18-carat at Rs 1,17,110.
Gold Prices in Kolkata, Ahmedabad and Lucknow
In Kolkata, 24-carat gold was priced at Rs 1,52,960 per 10 grams, 22-carat at Rs 1,40,210, and 18-carat at Rs 1,14,720. In Ahmedabad, 24-carat gold was priced at Rs 1,53,010, 22-carat at Rs 1,40,260, and 18-carat at Rs 1,14,770. In Lucknow, 24-carat gold was priced at Rs 1,53,110, 22-carat at Rs 1,40,360, and 18-carat at Rs 1,14,870.
Gold Prices in Patna and Hyderabad
In Patna, 24-carat gold was priced at Rs 1,53,010 per 10 grams, 22-carat at Rs 1,40,260, and 18-carat at Rs 1,14,770. In Hyderabad, 24-carat gold was priced at Rs 1,51,420, 22-carat at Rs 1,38,800, and 18-carat at Rs 1,13,570.
Market participants attributed the decline in gold and silver prices to global geopolitical tensions. The possibility of conflict between the United States and West Asia has led investors to remain cautious, with buying in safe-haven assets such as gold and silver deferred pending further assessment of the situation.
