Domestic and international bullion markets recorded a sharp rise in gold and silver prices on April 22, 2026. In early trade, silver registered a significant increase, while gold also traded with firm gains.
On the Multi Commodity Exchange (MCX), both gold and silver prices rose sharply in early trading. Silver for May 5 delivery recorded an increase of approximately ₹4,700 per kilogram. The contract had closed at ₹2,44,701 per kilogram in the previous session and opened at ₹2,48,717. In early trade, the price surged by ₹4,722 to reach ₹2,49,423 per kilogram.
At 9:05 AM, silver was trading at around ₹2,48,662 per kilogram, up approximately ₹3,961. Analysts attributed the upward trend to industrial demand and global uncertainty.
Gold prices also moved higher in early trade. Gold for June 5 delivery had closed at ₹1,51,671 per 10 grams in the previous session. It opened at ₹1,53,335 and rose by ₹2,026 to ₹1,53,699 in early trade. At 9:10 AM, gold was trading at around ₹1,53,140 per 10 grams, reflecting a gain of approximately 0.97%.
Despite gains on MCX, the physical bullion market recorded marginal declines. According to GoodReturns, 24-carat gold declined by ₹10 to ₹1,55,280 per 10 grams, while 22-carat gold stood at ₹1,42,340 per 10 grams and 18-carat gold at ₹1,16,460 per 10 grams. Silver prices declined by ₹100 to ₹2,64,900 per kilogram.
Gold prices varied marginally across major Indian cities due to differences in taxes, transportation, and local demand. For 24-carat gold (10 grams), prices were ₹1,55,430 in Delhi, ₹1,55,280 in Mumbai and Kolkata, ₹1,55,990 in Chennai, ₹1,55,430 in Lucknow, Kanpur, and Jaipur, and ₹1,55,330 in Patna, Indore, and Bhopal.
For 22-carat gold (10 grams), prices were ₹1,42,490 in Delhi, Lucknow, Kanpur, and Jaipur, ₹1,42,340 in Mumbai and Kolkata, ₹1,42,990 in Chennai, and ₹1,42,390 in Patna, Indore, and Bhopal.
For 18-carat gold (10 grams), prices were ₹1,16,610 in Delhi, Lucknow, Kanpur, and Jaipur, ₹1,16,460 in Mumbai and Kolkata, ₹1,18,540 in Chennai, and ₹1,16,510 in Patna, Indore, and Bhopal.
Financial experts advised that long-term investors should proceed with caution despite the current rise. They noted that market volatility may persist, while gold and silver continue to be viewed as safe investment options.
