Gold and silver prices in India staged a sharp rebound on Wednesday, 22 April 2026, tracking a broad rally in global precious metals. MCX gold climbed over 1% whilst MCX silver surged more than 1.5%, even as physical gold prices in the retail market slipped marginally — a divergence driven by a firmer US dollar and local demand dynamics. Here is everything you need to know: spot prices, MCX futures, city-wise rates for Delhi, Mumbai, Chennai, Hyderabad, and more, plus the key drivers behind today's movement.
Silver Price Today in India (22 April 2026)
Silver rate today in India stands at ₹250 per gram and ₹2,49,650 per kg for 999 fine silver, rising by ₹3,600 or 1.46% compared to Tuesday's close of ₹2,46,050/kg. The metal has gained roughly 10.5% over the past month and a remarkable 159% year-on-year, reflecting sustained institutional and industrial demand.
| Unit | Silver 999 Price (₹) | Silver 925 Sterling (₹) |
|---|---|---|
| 1 gram | 250 | 231 |
| 10 grams | 2,497 | 2,309 |
| 100 grams | 24,965 | 23,093 |
| 1 kg (999 silver) | 2,49,650 | 2,30,926 |
| 1 ounce | 7,077 | 6,547 |
| 1 tola | 2,912 | 2,693 |
Gold Price Today in India (22 April 2026)
The gold rate today in India places 24-carat gold at ₹15,325 per gram and ₹1,53,250 per 10 grams, up ₹1,230 from the previous session. The 22-carat gold rate today stands at ₹14,048 per gram, whilst 18-carat gold is priced at ₹11,494 per gram. On an annual basis, gold has appreciated over 57%, up from ₹97,570/10g a year ago.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) |
|---|---|---|---|
| 24 Karat (999) | 15,325 | 1,53,250 | 15,32,500 |
| 22 Karat | 14,048 | 1,40,479 | 14,04,792 |
| 20 Karat | 12,771 | 1,27,708 | 12,77,083 |
| 18 Karat | 11,494 | 1,14,938 | 11,49,375 |
| 14 Karat | 8,940 | 89,396 | 8,93,958 |
City-Wise Gold and Silver Rates Today — 22 April 2026
Local taxes, making charges, and transport levies create modest price variations across Indian cities. The table below reflects indicative retail rates for the major markets as of 22 April 2026. Rates in southern cities (Chennai, Hyderabad, Bengaluru) tend to carry a marginal premium owing to higher jewellery demand.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) |
|---|---|---|---|---|
| Delhi | 2,49,650 | 250 | 1,53,250 | 1,40,479 |
| Mumbai | 2,49,650 | 250 | 1,53,100 | 1,40,342 |
| Chennai | 2,52,000 | 252 | 1,54,400 | 1,41,533 |
| Hyderabad | 2,49,650 | 250 | 1,53,250 | 1,40,479 |
| Bengaluru | 2,49,650 | 250 | 1,53,200 | 1,40,433 |
| Kolkata | 2,49,650 | 250 | 1,53,100 | 1,40,342 |
| Pune | 2,49,650 | 250 | 1,53,100 | 1,40,342 |
| Ahmedabad | 2,49,650 | 250 | 1,53,200 | 1,40,433 |
| Surat | 2,49,650 | 250 | 1,53,200 | 1,40,433 |
| Jaipur | 2,49,650 | 250 | 1,53,250 | 1,40,479 |
MCX Gold and Silver Futures Today — 22 April 2026
MCX futures staged a strong session on Wednesday, with both gold and silver contracts climbing sharply. The MCX silver May 2026 contract hit an intraday high of ₹2,50,698/kg, whilst the MCX gold June 2026 contract touched ₹1,53,699/10g before settling slightly lower. MCX futures prices often lead physical retail rates by a session.
| Contract | Price (₹) | Change | % Change | Intraday High |
|---|---|---|---|---|
| MCX Silver — May 2026 | 2,48,500/kg | +3,799 | +1.55% | 2,50,698 |
| MCX Gold — June 2026 | 1,52,922/10g | +1,251 | +0.83% | 1,53,699 |
Global Gold and Silver Prices Today — COMEX & Spot
| Commodity | Exchange | Price (USD) | Change | % Change |
|---|---|---|---|---|
| Gold Spot | LBMA / Spot | $4,750+/oz | ▲ | ~+1% |
| Silver Spot | LBMA / Spot | ~$78/oz | ▲ | ~+2% |
| Gold Futures | COMEX | $4,771.10/oz | +$51.50 | +1.09% |
| Silver Futures | COMEX | $78.24/oz | +$1.75 | +2.28% |
| Gold–Silver Ratio | — | ~61:1 | — | — |
Why Are Gold and Silver Prices Rising Today? (22 April 2026)
The primary driver behind today's bullion rally is a combination of geopolitical uncertainty and renewed safe-haven demand. Ongoing US–Iran diplomatic talks, including negotiations over the Strait of Hormuz shipping lanes, have kept risk sentiment cautious, drawing investors towards hard assets. Any escalation in Middle East tensions tends to trigger sharp inflows into precious metals, and today's market reflects exactly that dynamic.
On the macro front, expectations around US Federal Reserve rate policy continue to support gold and silver. Upcoming US economic data releases — including retail sales, housing starts, and labour market indicators — are being closely watched. A softer-than-expected reading would reinforce rate-cut expectations, typically weakening the dollar and lifting bullion prices. At present, the US Dollar Index holds near the 98.5 mark, which has mildly capped upside in spot prices whilst futures continue to rally.
Silver has outperformed gold today (gaining 2.28% on COMEX versus gold's 1.09%), partly due to its dual role as both a monetary metal and an industrial commodity. Strong demand from solar panel manufacturing and electric vehicle battery production continues to provide a structural bid beneath silver prices. Analysts note that near-term direction will hinge heavily on the outcome of US–Iran talks and the tone of incoming US macro data.
US–Iran Talks and Precious Metals: What It Means for Silver and Gold
Diplomatic activity between the United States and Iran has been one of the most significant near-term price catalysts for precious metals in April 2026. Reports of ceasefire extensions and high-level negotiations — including talks held in Islamabad — have created alternating waves of risk-off and risk-on sentiment throughout the month. When ceasefire prospects improve, safe-haven demand softens briefly; when tensions flare or talks stall, gold and silver see sharp inflows.
For Indian buyers, this geopolitical volatility has a compounding effect: not only does it drive global dollar-denominated prices higher, but any associated rupee weakness simultaneously pushes domestic INR prices up further. The Strait of Hormuz is particularly relevant because any disruption to shipping there affects oil prices, which in turn influences India's current account deficit and rupee stability — creating a feedback loop that can amplify local bullion price swings well beyond what global spot prices alone would suggest.
Silver and Gold Price Trend — Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) |
|---|---|---|---|---|
| 22 Apr 2026 | 2,49,650 | 1,53,250 | 2,48,500 | 1,52,922 |
| 21 Apr 2026 | 2,46,050 | 1,52,020 | 2,44,701 | 1,51,671 |
| 19–20 Apr 2026 | ~2,50,000 | ~1,53,000 | — | — |
| 18 Apr 2026 | ~2,48,000 | ~1,52,500 | — | — |
| 17 Apr 2026 | ~2,51,000 | ~1,53,500 | — | — |
| 16 Apr 2026 | ~2,53,000 | ~1,53,800 | — | — |
| 15 Apr 2026 | 2,52,550 | 1,54,250 | 2,52,053 | 1,54,576 |
Over the past week, both metals pulled back from their mid-April highs — silver retreating from ₹2,52,550/kg on 15 April — before today's rebound. Gold has dropped from a recent peak near ₹1,54,250/10g, reflecting some profit booking following the sharp rally seen through early April. On a one-month horizon, silver is still up over 10% whilst gold has gained roughly 9.5%.
