Gold and Silver Price Today in India, 24 April 2026: Silver at ₹2,41,000/kg, Gold 24K at ₹1,51,850/10g - Check City-Wise Rates in Delhi, Mumbai, Chennai & More
Gold and silver prices in India extended their correction on Friday, 24 April 2026, sliding for the second consecutive session as a firmer US dollar, delayed Federal Reserve rate-cut expectations, and residual Strait of Hormuz uncertainty weighed on both metals. MCX gold fell 0.17% to ₹1,51,499/10g whilst MCX silver dropped 0.69% to ₹2,39,851/kg by midday. On COMEX, gold slipped to $4,693 per ounce — a sharp retreat from the $4,770+ levels seen just 48 hours ago. Here is a full breakdown: spot prices, MCX futures, city-wise rates for Delhi, Mumbai, Chennai and nine other cities, global COMEX data, and the key drivers behind today's move.
Quick Snapshot - 24 April 2026 (12:50 IST)
| Metal / Contract | Price | Change | % Change |
|---|---|---|---|
| Silver 999 — per kg | ₹2,41,000 | 🔴 ▼ ₹2,380 | 🔴 −0.98% |
| Silver 999 — per gram | ₹241 | 🔴 ▼ ₹2 | — |
| Gold 24K — per 10g | ₹1,51,850 | 🔴 ▼ ₹640 | 🔴 −0.42% |
| Gold 22K — per gram | ₹13,920 | 🔴 ▼ | — |
| MCX Gold — June 2026 | ₹1,51,499/10g | 🔴 ▼ ₹262 | 🔴 −0.17% |
| MCX Silver — May 2026 | ₹2,39,851/kg | 🔴 ▼ ₹1,662 | 🔴 −0.69% |
| COMEX Gold | $4,693.10/oz | 🔴 ▼ $30.90 | 🔴 −0.65% |
| COMEX Silver | $74.56/oz | 🔴 ▼ $0.95 | 🔴 −1.26% |
| Gold–Silver Ratio | ~63:1 | — | — |
Silver Price Today in India - 24 April 2026
The silver rate today in India is ₹241 per gram and ₹2,41,000 per kg for 999 fine silver, a decline of ₹2,380 or 0.98% from Thursday's close of ₹2,43,380/kg. On MCX, the May 2026 contract is trading at ₹2,39,851/kg with an intraday range of ₹2,38,291–₹2,41,491. Despite today's correction, silver remains up a remarkable 146% year-on-year from ₹97,950/kg in April 2025.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Change vs Yesterday |
|---|---|---|---|
| 1 gram | 241 | 223 | 🔴 ▼ −2 |
| 10 grams | 2,410 | 2,229 | 🔴 ▼ −24 |
| 100 grams | 24,100 | 22,293 | 🔴 ▼ −238 |
| 1 kg (999 silver) | 2,41,000 | 2,22,925 | 🔴 ▼ −2,380 |
| 1 ounce | 6,832 | 6,320 | 🔴 ▼ −68 |
| 1 tola | 2,811 | 2,600 | 🔴 ▼ −28 |
Gold Price Today in India - 24 April 2026
Today's gold price in India stands at ₹15,185 per gram for 24-carat gold, ₹13,920 per gram for 22-carat gold, and ₹11,389 per gram for 18-carat gold. On a per-10g basis, 24K gold is at ₹1,51,850 — down ₹640 from Thursday's close of ₹1,52,490. Despite near-term softness, gold is still up over 57% year-on-year from ₹96,190/10g in April 2025, one of the strongest annual performances for the metal in recent memory.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 15,185 | 1,51,850 | 15,18,500 | 🔴 ▼ −0.42% |
| 22 Karat | 13,920 | 1,39,196 | 13,91,958 | 🔴 ▼ |
| 20 Karat | 12,654 | 1,26,542 | 12,65,417 | 🔴 ▼ |
| 18 Karat | 11,389 | 1,13,888 | 11,38,875 | 🔴 ▼ |
| 14 Karat | 8,858 | 88,579 | 8,85,792 | 🔴 ▼ |
City-Wise Gold and Silver Rates Today - 24 April 2026
Retail bullion prices vary modestly across Indian cities due to local state levies, transport costs, and jewellers' making charges. Chennai consistently carries a small premium over northern and western markets owing to higher jewellery demand in Tamil Nadu. All rates below are indicative retail prices as of 24 April 2026.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,41,000 | 241 | 1,51,850 | 1,39,196 | 🔴 ▼ |
| Mumbai | 2,41,000 | 241 | 1,51,700 | 1,39,058 | 🔴 ▼ |
| Chennai | 2,44,000 | 244 | 1,52,350 | 1,39,654 | 🔴 ▼ |
| Hyderabad | 2,41,000 | 241 | 1,51,700 | 1,39,058 | 🔴 ▼ |
| Bengaluru | 2,41,000 | 241 | 1,51,700 | 1,39,058 | 🔴 ▼ |
| Kolkata | 2,41,000 | 241 | 1,51,700 | 1,39,058 | 🔴 ▼ |
| Pune | 2,41,000 | 241 | 1,51,700 | 1,39,058 | 🔴 ▼ |
| Ahmedabad | 2,41,000 | 241 | 1,51,750 | 1,39,104 | 🔴 ▼ |
| Surat | 2,41,000 | 241 | 1,51,750 | 1,39,104 | 🔴 ▼ |
| Jaipur | 2,41,000 | 241 | 1,51,850 | 1,39,196 | 🔴 ▼ |
MCX Gold and Silver Futures Today - 24 April 2026
Both MCX contracts are in the red on Friday morning. The MCX Gold June 2026 contract has dipped below the psychologically significant ₹1,52,000 mark, hitting an intraday low of ₹1,50,750. MCX Silver May 2026 is at ₹2,39,851/kg, off a high of ₹2,41,491 touched in early trade. Traders are watching the ₹1,50,000 level on MCX gold as key near-term support.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,51,499/10g | 🔴 ▼ −262 | 🔴 −0.17% | 1,51,686 | 1,50,750 | 1,51,761 |
| MCX Silver — May 2026 | 2,39,851/kg | 🔴 ▼ −1,662 | 🔴 −0.69% | 2,41,491 | 2,38,291 | 2,41,513 |
Global Gold and Silver Prices - COMEX and Spot (24 April 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | Intraday High | Intraday Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,693.10/oz | 🔴 ▼ −$30.90 | 🔴 −0.65% | $4,726.70 | $4,672.20 |
| Silver Futures | COMEX | $74.56/oz | 🔴 ▼ −$0.95 | 🔴 −1.26% | $75.94 | $73.85 |
| Gold–Silver Ratio | — | ~63:1 | — | — | — | — |
The gold–silver ratio has edged up to ~63:1 today as silver has underperformed gold in percentage terms — a rising ratio signals gold outperforming silver. Historically, a ratio above 80 indicates silver is cheap relative to gold; the current reading of ~63 still reflects silver's extraordinary 146% annual gain, though some of that outperformance is beginning to unwind with the present correction. On an annual comparison, gold is up 57.86% from ₹96,190/10g a year ago, whilst silver has surged 146.04% from ₹97,950/kg.
Why Are Gold and Silver Prices Falling Today? (24 April 2026)
The primary driver behind Friday's decline is a rebounding US Dollar Index, which has recovered towards the 99.5–100 zone, making dollar-denominated precious metals more expensive for international buyers and suppressing demand across the board. A stronger dollar is typically the single most consistent headwind for bullion.
Federal Reserve rate-cut expectations have now been pushed to late 2026 at the earliest, and every time that timeline shifts further out, the pressure on non-yielding metals increases. Since gold and silver generate no income, investors tend to rotate towards bonds and cash instruments when rates are expected to remain elevated — and that rotation is visible in today's session.
On 23 April, Trump ordered the US Navy to destroy any Iranian boats laying mines in the Strait of Hormuz, an escalation that, paradoxically, has not delivered a safe-haven boost to bullion. Markets had largely priced in Middle East tensions after weeks of volatility, and the dominant narrative now is the "higher for longer" rate environment rather than geopolitical fear buying. That said, Goldman Sachs holds a $5,400 target for gold in 2026 and JPMorgan has named gold its highest-conviction long with a $6,300 forecast, meaning today's correction is widely viewed as near-term noise within a structural bull market.
"Silver is currently caught between a slowing industrial demand outlook and a monetary environment that penalises non-yielding assets. The long-term structural case, rooted in solar energy, electric vehicles, and AI infrastructure, remains intact." - Market analyst commentary, 24 April 2026
Strait of Hormuz Crisis: Impact on Gold and Silver
The Strait of Hormuz, just 34 kilometres wide at its narrowest point, facilitates roughly 20% of global seaborne oil trade, primarily from Saudi Arabia, the UAE, Iraq, and Qatar. Its disruption since mid-March has kept crude oil above $100/barrel, adding persistent inflationary pressure to global markets.
For bullion, the situation creates a contradictory set of signals. Inflationary pressure from higher oil prices is historically positive for gold as an inflation hedge. However, higher energy costs slow industrial output and reduce silver's industrial demand from the manufacturing sector. Meanwhile, sustained inflation reinforces the "higher for longer" Fed narrative — which, as noted, directly suppresses non-yielding assets. The net result is the sideways-to-lower bias visible across both metals today, even with an active geopolitical flashpoint in the background.
Gold and Silver Price Trend in the Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Daily Move |
|---|---|---|---|---|---|
| 24 Apr 2026 | 2,41,000 | 1,51,850 | 2,39,851 | 1,51,499 | 🔴 ▼ Falling |
| 23 Apr 2026 | 2,43,380 | 1,52,490 | 2,41,513 | 1,51,761 | 🔴 ▼ −0.98% / −0.42% |
| 22 Apr 2026 | 2,49,650 | 1,53,250 | 2,48,500 | 1,52,922 | 🟢 ▲ +1.46% / +0.81% |
| 21 Apr 2026 | 2,46,050 | 1,52,020 | 2,44,701 | 1,51,671 | 🔴 ▼ Correcting |
| 19–20 Apr 2026 | ~2,50,000 | ~1,53,000 | — | — | 🔴 ▼ Mixed |
| 17 Apr 2026 | ~2,59,190 | ~1,54,890 | — | — | 🔴 ▼ −1.96% wk |
| 15 Apr 2026 | 2,52,550 | 1,54,250 | 2,52,053 | 1,54,576 | 🟢 ▲ Weekly ref. |
Silver has declined approximately 7% over the past week from ₹2,59,190/kg on 17 April, whilst gold is down roughly 1.96% over the same period. On a one-month basis, however, both metals still show gains — silver is up 2.43% from ₹2,35,280/kg on 25 March, and gold is up 4.84% from ₹1,44,840/10g, confirming the broader uptrend remains intact despite near-term volatility.
FAQs - Gold & Silver Price Today India
What is the silver price today in India per gram?
The silver rate today in India is ₹241 per gram for 999 fine silver as of 24 April 2026 (12:50 IST), down ₹2 from yesterday's close. Chennai carries a small premium at ₹244 per gram.
What is the silver price today per kg in India?
Today's silver 999 price is ₹2,41,000 per kg, a decline of ₹2,380 or 0.98% from Thursday's close of ₹2,43,380/kg. MCX silver May 2026 futures are trading slightly lower at ₹2,39,851/kg.
What is the 24-carat gold price today in India per gram?
The 24-carat gold rate today is ₹15,185 per gram, or ₹1,51,850 per 10 grams (24 April 2026), down ₹640 from yesterday. The 22-carat rate is ₹13,920 per gram and the 18-carat rate is ₹11,389 per gram.
Why are gold and silver prices falling today?
Prices are under pressure on 24 April 2026 primarily due to a rebounding US dollar, Federal Reserve rate-cut expectations now pushed to late 2026, and profit-booking following the sharp rally seen in mid-April. The Strait of Hormuz crisis has not provided safe-haven support as markets had already priced in the tensions, with the "higher for longer" rate narrative now the dominant force on sentiment.
What is the MCX silver price today?
The MCX silver May 2026 contract is at ₹2,39,851/kg as of 12:50 IST on 24 April 2026, down ₹1,662 or 0.69% from the previous close of ₹2,41,513/kg. The intraday range is ₹2,38,291 to ₹2,41,491.
What is today's gold–silver ratio in India?
The gold–silver ratio today stands at approximately 63:1, up slightly from ~61:1 on 22 April as silver has underperformed gold during the current correction. A ratio below the historical average of ~68 still reflects silver's strong medium-term performance relative to gold.
Will silver prices go up or come down from here?
Near-term direction hinges on US–Iran diplomatic developments, the US dollar trajectory, and incoming US data releases including PMI readings, jobless claims, and University of Michigan inflation expectations. Structurally, solar and EV demand provide, a medium-term floor. Analysts at Goldman Sachs and JPMorgan hold bullish gold targets of $5,400 and $6,300, respectively for 2026, which historically bodes well for silver too. The ₹2,30,000–₹2,35,000/kg zone is viewed as near-term support. Please consult a financial adviser before making investment decisions.
How does the US dollar affect silver prices in India?
Silver is globally priced in US dollars. When the Dollar Index rises, silver becomes more expensive for non-dollar buyers, reducing demand and pushing prices lower. In India, a simultaneously weaker rupee (currently near ₹94.26/$1) compounds this — even flat global prices translate into higher INR costs when the rupee depreciates. Conversely, a weak dollar with a firm rupee creates the most favourable conditions for lower domestic silver prices.
Prices are indicative retail rates and may vary by jeweller, city, and making charges. Last updated: 24 April 2026, 12:50 IST. This article is for informational purposes only and does not constitute investment advice.
Muskaan Kapoor
