Gold and Silver Price Today in India, 23 April 2026: Silver at ₹2,64,900/kg, Gold 24K at ₹1,53,474/10g - Check City-Wise Rates in Delhi, Mumbai, Chennai & More
Gold and silver prices in India presented a mixed picture on Thursday, 23 April 2026, as the bullion market navigated competing forces: a mild recovery in global spot prices on one hand, and continued domestic retail pressure following a sharp three-day correction on the other. Whilst international bullion prices attempted a mild recovery, retail gold rates in major Indian cities remained under pressure after a steep multi-session decline. MCX gold futures, however, managed a modest gain of roughly ₹721, offering some relief to futures traders even as physical buyers saw softer rates.
📊 Quick Snapshot - 23 April 2026
| Metal | Price | Change |
|---|---|---|
| Silver 999 — per kg | ₹2,64,900 | ▼ from ₹2,49,650 (prev. close) |
| Silver 999 — per gram | ₹265 | — |
| Gold 24K — per 10g | ₹1,53,474 | ▼ mild correction |
| Gold 22K — per gram | ₹14,184 | ▼ |
| MCX Gold (June 2026) | ₹1,53,335/10g | ▲ +₹721 (+0.47%) |
| MCX Silver (May 2026) | ▼ ~₹4,200 correction | — |
| COMEX Gold (Spot) | ~$4,742–$4,750/oz | Stabilising |
| COMEX Silver (Spot) | ~$76.20/oz | ▼ ~2% |
| Gold–Silver Ratio | ~62:1 | — |
Silver Price Today in India - 23 April 2026
Silver 999 (All-India) is trading at ₹2,64,900 per kg, with silver 925 at ₹2,64,000 per kg. On a per-gram basis, the silver rate today in Delhi, Mumbai, and Kolkata stands at ₹265, whilst Chennai carries a slight premium at ₹275 per gram owing to higher demand for heavier silver jewellery in the south.
| Unit | Silver 999 Price (₹) | Silver 925 Sterling (₹) |
|---|---|---|
| 1 gram | 265 | 244 |
| 10 grams | 2,649 | 2,440 |
| 100 grams | 26,490 | 24,400 |
| 1 kg (999 silver) | 2,64,900 | 2,44,000 |
| 1 ounce | 7,508 | 6,913 |
Silver continues to hold at elevated levels relative to its long-term historical averages. Unlike gold, silver prices are more sensitive to global manufacturing trends, making the metal more volatile during uncertain economic conditions.
Gold Price Today in India - 23 April 2026
Gold prices have witnessed a slight decline, with 24-carat gold at ₹15,474 per gram and 22-carat gold at ₹14,184 per gram. The retail market has been absorbing a correction that has shaved roughly ₹10,300 from the 100-gram price over three sessions. That said, the metal remains up over 57% on a year-on-year basis, underlining the strength of the longer-term uptrend.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) |
|---|---|---|---|
| 24 Karat (999) | 15,474 | 1,54,740 | 15,47,400 |
| 22 Karat | 14,184 | 1,41,840 | 14,18,400 |
| 18 Karat | 11,606 | 1,16,060 | 11,60,600 |
| 14 Karat | 9,025 | 90,250 | 9,02,500 |
City-Wise Gold and Silver Rates Today - 23 April 2026
Local taxes, making charges, and transport differentials create modest price variations across India. Southern cities, particularly Chennai, typically command a small premium. Chennai continues to have the highest gold prices amongst metro cities, whilst Mumbai and Kolkata rates remain broadly similar.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) |
|---|---|---|---|---|
| Delhi | 2,64,900 | 265 | 1,54,890 | 1,41,990 |
| Mumbai | 2,64,900 | 265 | 1,54,740 | 1,41,840 |
| Chennai | 2,74,900 | 275 | 1,55,450 | 1,42,490 |
| Hyderabad | 2,64,900 | 265 | 1,54,740 | 1,41,840 |
| Bengaluru | 2,64,900 | 265 | 1,54,740 | 1,41,840 |
| Kolkata | 2,64,900 | 265 | 1,54,740 | 1,41,840 |
| Pune | 2,64,900 | 265 | 1,54,740 | 1,41,840 |
| Ahmedabad | 2,64,900 | 265 | 1,54,800 | 1,41,900 |
| Surat | 2,64,900 | 265 | 1,54,800 | 1,41,900 |
| Jaipur | 2,64,900 | 265 | 1,54,890 | 1,41,990 |
MCX Gold and Silver Futures Today - 23 April 2026
In the futures market, the MCX Gold June 2026 futures contract is trading at ₹1,53,335 per 10 grams, gaining approximately ₹721 from the previous session. MCX silver, however, has faced selling pressure, with MCX silver touching an intraday low of ₹2,42,220 per kg.
| Contract | Price (₹) | Change | % Change |
|---|---|---|---|
| MCX Gold — June 2026 | 1,53,335/10g | ▲ +721 | +0.47% |
| MCX Silver — May 2026 | ~2,42,000–2,45,000/kg | ▼ ~4,200 | ~−1.7% |
Global Gold and Silver Prices - COMEX and Spot (23 April 2026)
| Commodity | Exchange | Price (USD) | Change |
|---|---|---|---|
| Gold Spot | LBMA/Spot | ~$4,742–$4,750/oz | Stabilising |
| Silver Spot | LBMA/Spot | ~$76.20/oz | ▼ ~2% |
| Gold Futures | COMEX | ~$4,745/oz | Mild recovery |
| Silver Futures | COMEX | ~$76.20/oz | ▼ |
| Gold–Silver Ratio | — | ~62:1 | — |
Spot gold is trading at around $4,742 to $4,750 an ounce, and the trend indicates some stabilisation after several weeks of sharp falls. However, any rally in gold prices is being capped by cooling geopolitical risks, US dollar strength, and improved equity markets, attracting investors into riskier assets.
Why Are Gold and Silver Prices Falling Today?
The key drivers behind the current price softness include:
- Ceasefire impact: The extension of the US-Iran ceasefire by Donald Trump has reduced geopolitical tensions. This has lowered demand for safe-haven assets like gold.
- Shift in investor sentiment: As risks ease, investors are moving money from gold and silver into equities and other higher-risk assets.
- Strait of Hormuz situation: Uncertainty around the Strait of Hormuz is still a concern. Iran controls the route, and US restrictions remain, which is limiting a sharper fall in prices.
- Strong US dollar: The dollar staying strong (around 98.5 on the Dollar Index) is putting pressure on gold and silver prices in India.
- Impact on Indian buyers: A stronger dollar makes imported metals more expensive in rupee terms, even if global prices don’t rise.
- Domestic demand support: Wedding and festive season demand in India is keeping prices from falling too sharply.
- Key price factors: Gold prices in India depend on global rates, rupee-dollar movement, import duties, and jewellery demand.
Gold and Silver Price Trend - Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) |
|---|---|---|---|---|
| 23 Apr 2026 | 2,64,900 | 1,53,474 | ~2,42,000–2,45,000 | 1,53,335 |
| 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 | — | — |
| 15 Apr 2026 | 2,52,550 | 1,54,250 | 2,52,053 | 1,54,576 |
Both metals remain well above their year-ago levels: gold is up over 57% from ₹97,570/10g a year ago, and silver has surged more than 159% from ₹96,290/kg in April 2025.
Muskaan Kapoor
Frequently Asked Questions - Gold and Silver Price Today in India
What is the silver price today in India per gram?
The silver rate today in India is ₹265 per gram for 999 fine silver as of 23 April 2026. Chennai carries a slight premium at ₹275 per gram.
What is the silver price today per kg in India?
The silver price today is ₹2,64,900 per kg for 999 fine silver (23 April 2026). MCX silver May 2026 futures are trading lower, around ₹2,42,000-₹2,45,000/kg, reflecting mark-to-market pressures.
What is the 24-carat gold price today in India per gram?
The 24-carat gold rate today is ₹15,474 per gram, or ₹1,54,740 per 10 grams. The 22-carat rate stands at ₹14,184 per gram (23 April 2026).
What is the MCX silver price today?
The MCX silver May 2026 contract is trading around ₹2,42,000-₹2,45,000 per kg, down roughly ₹4,200 from the previous session's close. The intraday low touched ₹2,42,220/kg.
What is today's gold–silver ratio in India?
The gold-silver ratio today is approximately 62:1, meaning one ounce of gold currently buys around 62 ounces of silver. This remains below the historical average of ~68-70, indicating silver's strong outperformance over the past year.
Will silver prices go up or come down?
Near-term direction remains closely tied to US-Iran diplomatic developments, Federal Reserve signals, and rupee movement. Structural industrial demand from solar and EV sectors provides medium-term support. Analysts view the ₹2,40,000–₹2,45,000/kg zone as near-term support. Please consult a qualified financial adviser before making investment decisions.
How does the US dollar affect silver prices in India?
Silver is globally priced in US dollars. A stronger dollar makes the metal more expensive for non-dollar buyers, typically reducing demand and exerting downward pressure on prices. In India, rupee depreciation against the dollar compounds this effect, pushing INR-denominated silver prices higher even when global spot prices are flat.
Data sourced from Bullions.co.in and MCX market feeds. Prices are indicative and may vary by retailer and city. This article is for informational purposes only and does not constitute investment advice.
