New Delhi saw a subtle decline in gold prices on Friday, while silver experienced a dramatic plunge exceeding ₹9,000 per kilogram. According to the India Bullion and Jewellers Association (IBJA), 24-karat gold fell by ₹424 to ₹1,52,078 per 10 grams, down from the previous ₹1,52,502.
22-karat gold also dropped to ₹1,39,303 per 10 grams from ₹1,39,692, and 18-karat gold settled at ₹1,14,059 per 10 grams after a decline from ₹1,14,377. The sharpest movement was in silver, which tumbled ₹9,410 to ₹2,44,929 per kilogram, compared to ₹2,54,339 earlier.
IBJA updates prices twice daily at noon and 5 PM, reflecting spot market trends. In contrast, futures trading showed mixed results: gold for April 2026 rose 0.83% to ₹1,53,337, while silver for March 2026 fell 1.84% to ₹2,39,339.
Global markets mirrored this volatility. On Comex, gold climbed 0.39% to $4,908 per ounce, but silver dropped 3.61% to $73.90 per ounce. Experts note gold fluctuated around $4,900 per ounce during the session, with future movements hinging on US unemployment data and other key indicators.
Investors are closely watching these developments amid ongoing economic uncertainties. This price correction could signal buying opportunities for long-term holders, though caution is advised until more data emerges. The bullion market remains a barometer for global economic health, and today’s shifts underscore its sensitivity to international cues.