Gold and Silver Fall in India on April 2, 2026: Retail Prices Slip Amid Profit-Booking
Gold and silver prices in India ended lower on April 2, 2026. Retail 24K gold fell to ₹146,270 per 10 grams from ₹146,320 yesterday, while 22K gold slipped to ₹139,300 from ₹139,350. Silver saw a sharper decline, closing at ₹2,550 per 10 grams, down from ₹2,650 yesterday. On MCX, April gold futures settled at ₹146,410, down 0.03%, and May silver futures at ₹2,560, down 3.77%, pressured by profit-booking and a stronger rupee against the US dollar.
Gold and Silver Prices in Top Indian Cities on 2 April 2026
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (₹/kg) |
|---|---|---|---|
| Delhi | ₹146,790 | ₹139,800 | ₹255,000 |
| Mumbai | ₹146,627 | ₹139,930 | ₹255,000 |
| Chennai | ₹146,648 | ₹139,950 | ₹255,000 |
| Bengaluru | ₹146,690 | ₹139,990 | ₹255,000 |
| Hyderabad | ₹146,648 | ₹139,950 | ₹255,000 |
| Kolkata | ₹147,320 | ₹140,300 | ₹255,000 |
Prices are indicative retail closing rates; actual rates may vary slightly by locality and jeweller.
Intraday Movement and Price Direction
Gold (MCX April Futures): Open ₹146,500 | High ₹146,700 | Low ₹146,300 | Close ₹146,410 | % Change -0.03%
Silver (MCX May Futures): Open ₹2,600 | High ₹2,610 | Low ₹2,550 | Close ₹2,560 | % Change -3.77%
Investor sentiment was cautious today. Profit-booking after recent gains weighed on prices, while dip-buyers supported minor recoveries in late trading.
Gold Rate Analysis
Retail 24K gold declined ₹50 per 10 grams compared to yesterday. 22K gold also dipped by ₹50. MCX gold faced resistance near ₹146,700, with support around ₹146,300.
Key factors today:
- A stronger rupee against the US dollar.
- Global spot gold prices edging lower.
- Domestic profit-booking by investors.
- Seasonal demand remained moderate, with no major buying from jewellers.
Silver Rate Analysis
Silver retail rates fell ₹100 per 10 grams, reflecting intraday volatility. Industrial demand was muted, while speculative selling pushed prices lower. MCX silver support stands at ₹2,550, with resistance near ₹2,610. The gold-silver ratio remains near 57, suggesting silver is undervalued compared to gold.
Key Factors Driving Gold and Silver Prices Today
- The dollar strengthened against the rupee, pressuring gold imports.
- Profit-booking after last week’s rally.
- Weaker industrial demand for silver.
- Domestic equity market trends influenced investor behaviour.
- Anticipation of US economic data (CPI, jobs, retail sales) is adding to caution.
What Today’s Close Signals
Gold and silver ended lower, showing short-term weakness. Retail 24K gold fell by 0.03%, 22K gold by 0.04%, and silver by 3.77%. Prices may continue to range-bound in the near term, with dip-buying likely if levels near support hold. Volatility is expected as traders watch global cues and the rupee-dollar movement.
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