Gold and Silver Price Today in India, 29 April 2026: Gold Falls Below ₹1.50 Lakh, Silver Drops 2.3%
The gold price today in India has declined sharply on Wednesday, 29 April 2026, with 24-carat gold trading at ₹1,49,540 per 10 grams, down 1.72% from the previous session. Meanwhile, the silver price today in India stands at ₹2,37,830 per kg, marking a steeper fall of 2.3% in a single day.
Both metals are facing pressure ahead of the US Federal Reserve’s policy decision, where interest rates are widely expected to remain in the 3.50% to 3.75% range. Elevated crude oil prices above $100 per barrel and continued uncertainty around US-Iran negotiations are also weighing on sentiment. MCX gold has slipped below the ₹1.50 lakh level for the first time in recent sessions, while MCX silver is showing slight resilience with marginal gains.
Gold and Silver Price Today in India - Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Price (per 10g / per kg) | ₹1,49,540 | ₹2,37,830 |
| Change vs Yesterday | 🔴 ▼ ₹2,610 | 🔴 ▼ ₹5,610 |
| % Change | 🔴 ▼ −1.72% | 🔴 ▼ −2.30% |
| MCX Price | ₹1,49,140/10g | ₹2,36,600/kg |
| COMEX Price | $4,586/oz | $73.03/oz |
| Gold-Silver Ratio | ~62:1 | — |
| Last Updated | 29 Apr 2026, 13:25 IST | 29 Apr 2026, 13:25 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
The gold price today in India is ₹14,954 per gram for 24-carat gold. This is a sharp drop from ₹15,215 per gram on Tuesday. MCX gold with June 2026 expiry is trading at ₹1,49,954 per 10 grams, down ₹73 or 0.05%, near its intraday low of ₹1,49,720.
The gold rate today, 24 carat, stands at ₹1,49,540 per 10 grams on the retail spot market, with a one-year gain of 56.29% from ₹95,680 a year ago.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 14,954 | 1,49,540 | 14,95,400 | 🔴 ▼ −1.72% |
| 22 Karat | 13,708 | 1,37,078 | 13,70,783 | 🔴 ▼ |
| 20 Karat | 12,462 | 1,24,617 | 12,46,167 | 🔴 ▼ |
| 18 Karat | 11,216 | 1,12,155 | 11,21,550 | 🔴 ▼ |
| 14 Karat | 8,723 | 87,232 | 8,72,317 | 🔴 ▼ |
Muskaan Kapoor
Silver Price Today in India (per gram and per kg)
The silver price today in India is ₹238 per gram and ₹2,37,830 per kg for 999 fine silver. This is a fall of ₹5,610 or 2.3% from Tuesday's close of ₹2,43,440/kg.
MCX silver with May 2026 expiry has shown relative strength today, trading around ₹2,38,450 per kg, up 0.5% or ₹1,105, near its intraday high of ₹2,38,699/kg. Silver has outperformed gold on MCX today.
Despite the near-term dip, silver is up 144.40% from ₹97,310/kg one year ago.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 238 | 220 | 214 | 🔴 ▼ −7 |
| 10 grams | 2,378 | 2,200 | 2,140 | 🔴 ▼ −66 |
| 100 grams | 23,783 | 21,999 | 21,405 | 🔴 ▼ −561 |
| 1 kg (999 fine) | 2,37,830 | 2,19,993 | 2,14,047 | 🔴 ▼ −5,610 |
| 1 ounce | 6,742 | 6,237 | 6,068 | 🔴 ▼ |
| 1 tola | 2,774 | 2,566 | 2,497 | 🔴 ▼ |
City-Wise Gold and Silver Rates Today (29 April 2026)
The gold price in Mumbai today stands at ₹15,137 per gram for 24-carat gold and ₹13,875 per gram for 22-carat gold. Chennai continues to carry a small premium over other cities. Silver rates are uniform at ₹2,60,000/kg across major cities on the retail market, per Goodreturns data, reflecting local GST and dealer margins above the MCX rate.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,60,000 | 260 | 1,49,540 | 1,37,078 | 🔴 ▼ Gold down |
| Mumbai | 2,60,000 | 260 | 1,51,370 | 1,38,750 | 🔴 ▼ Gold down |
| Chennai | 2,60,000 | 260 | 1,52,500 | 1,39,792 | 🔴 ▼ Gold down |
| Hyderabad | 2,60,000 | 260 | 1,49,540 | 1,37,078 | 🔴 ▼ Gold down |
| Bengaluru | 2,60,000 | 260 | 1,49,540 | 1,37,078 | 🔴 ▼ Gold down |
| Kolkata | 2,60,000 | 260 | 1,49,540 | 1,37,078 | 🔴 ▼ Gold down |
| Pune | 2,60,000 | 260 | 1,49,540 | 1,37,078 | 🔴 ▼ Gold down |
| Ahmedabad | 2,60,000 | 260 | 1,49,590 | 1,37,124 | 🔴 ▼ Gold down |
| Surat | 2,60,000 | 260 | 1,49,590 | 1,37,124 | 🔴 ▼ Gold down |
| Jaipur | 2,60,000 | 260 | 1,49,540 | 1,37,078 | 🔴 ▼ Gold down |
Retail silver prices from Goodreturns include GST and dealer margin, which is why they sit above the MCX rate of ₹2,36,600/kg.
MCX Gold and Silver Prices Today (29 April 2026)
Gold rates in India are under pressure on April 29, as MCX gold price falls below ₹1.50 lakh per 10 grams. MCX silver is trading a little above ₹2.36 lakh per kg with mild gains, whilst spot gold is below $4,600 per ounce and spot silver is below $74 per ounce.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,49,140/10g | 🔴 ▼ −887 | 🔴 −0.59% | 1,51,527 | 1,49,051 | 1,50,027 |
| MCX Silver — May 2026 | 2,36,600/kg | 🟢 ▲ +745 (approx) | 🟢 +0.31% | 2,38,800 | 2,36,287 | 2,37,345 |
Key support for MCX gold is at ₹1,48,540. A break below that level could push prices towards ₹1,47,050. On the upside, resistance sits at ₹1,51,660, and a move above that could drive prices back to ₹1,53,290, according to Kedia Advisory.
Global Gold and Silver Prices Today - COMEX and Spot (29 April 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | High | Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,586.00/oz | 🔴 ▼ −$22.40 | 🔴 −0.49% | $4,624.30 | $4,583.50 |
| Silver Futures | COMEX | $73.03/oz | 🔴 ▼ −$0.19 | 🔴 −0.26% | $73.82 | $72.75 |
| Gold-Silver Ratio | — | ~62:1 | — | — | — | — |
Spot gold is below $4,600 per ounce today, whilst spot silver is holding near $74 per ounce with a mild 1% gain. Crude oil remains elevated, with Brent above $111 and WTI above $99 per barrel, keeping inflation fears alive and limiting any strong recovery in precious metals.
What is Driving Gold and Silver Prices Today?
1. US Federal Reserve Rate Decision
Markets are closely watching the US Federal Reserve’s policy outcome, with expectations of rates being held at 3.50% to 3.75%. The key focus is the central bank’s commentary on inflation and future rate direction. Any hawkish signals could pressure gold, while a softer stance may support prices.
2. US-Iran Strait of Hormuz Tensions
Ongoing tensions between the United States and Iran over the Strait of Hormuz continue to influence global markets. Uncertainty around negotiations is keeping investor sentiment cautious and supporting safe-haven demand for gold.
3. Stronger US Dollar
A stronger US dollar is weighing on gold and silver prices globally. As the dollar rises, precious metals become more expensive for international buyers, limiting demand. The USD-INR rate near ₹94.79 is also impacting domestic pricing.
4. Silver Supported by Industrial Demand
Silver continues to show resilience due to strong industrial demand from sectors such as solar energy, electric vehicles, and electronics. This demand base is helping silver remain stable even when broader market sentiment weakens.
Gold vs Silver Performance - Trend Analysis
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 29 Apr 2026 | 2,37,830 | 1,49,540 | 2,36,600 | 1,49,140 | 🔴 ▼ Both fall |
| 28 Apr 2026 | 2,59,900 | 1,53,850 | 2,43,288 | 1,52,456 | 🟢 ▲ Gold up |
| 27 Apr 2026 | 2,59,900 | 1,52,840 | 2,43,288 | 1,52,456 | 🔴 ▼ Both soft |
| 24 Apr 2026 | 2,59,900 | 1,51,850 | 2,39,851 | 1,51,499 | 🔴 ▼ Both fall |
| 22 Apr 2026 | 2,49,650 | 1,53,250 | 2,48,500 | 1,52,922 | 🟢 ▲ Both rise |
| 1 Month Ago | 2,29,690 | 1,47,510 | — | — | — |
| 1 Year Ago | 97,310 | 95,680 | — | — | — |
Gold is down 2.34% from one week ago (₹1,53,130 on 22 April) and up just 1.38% from one month ago. Silver is down 4.81% week-on-week and up 3.54% month-on-month. On a one-year basis, gold is up 56.29%, and silver is up 144.40%.
Gold and Silver Price Outlook
Markets are in a wait-and-watch mode ahead of the Fed decision at 14:00 ET (23:30 IST) today. Here is what to track:
| Event | Date | Impact on Gold and Silver |
|---|---|---|
| US Federal Reserve rate decision | 29 Apr 2026 | 🟢 Bullish if hold/dovish; 🔴 Bearish if hawkish |
| US Q1 2026 GDP data | 30 Apr 2026 | 🔴 Bearish if strong; 🟢 Bullish if weak |
| US Initial Jobless Claims | 30 Apr 2026 | 🟢 Bullish if higher; 🔴 Bearish if lower |
| US Manufacturing PMI (April) | 1 May 2026 | 🟢 Bullish if weak; 🔴 Bearish if strong |
| US-Iran Hormuz talks | Ongoing | 🔴 Bearish if resolved; 🟢 Bullish if stalled |
If the Fed sounds cautious about rate cuts due to inflation, gold may struggle to recover above ₹1,51,000 on MCX in the near term. However, any surprise dovish signal could push MCX gold back toward ₹1,53,000-₹1,55,000. For silver, the ₹2,35,000-₹2,40,000/kg range is key support on MCX.
This outlook is for informational purposes only. Please consult a financial adviser before making investment decisions.
Muskaan Kapoor
FAQs on Gold and Silver Prices in India
What is the gold price today in India per gram?
The gold price today in India is ₹14,954 per gram for 24-carat gold (999 purity) as of 29 April 2026. The 22-carat gold rate is ₹13,708 per gram and 18-carat gold is ₹11,216 per gram. These are spot retail rates from Bullions.co.in updated at 13:25 IST.
What is the silver price today in India per kg?
The silver price today in India is ₹2,37,830 per kg for 999 fine silver as of 29 April 2026, a drop of ₹5,610 or 2.3% from Tuesday. Retail market rates quoted by Goodreturns show ₹2,60,000/kg, which includes 3% GST and dealer margins on top of the spot rate.
What is the MCX gold price today?
The MCX gold price today (June 2026 contract) is ₹1,49,140 per 10 grams as of 13:25 IST on 29 April 2026, down ₹887 or 0.59% from the previous close of ₹1,50,027. The intraday range is ₹1,49,051 to ₹1,51,527.
What is the MCX silver price today?
The MCX silver price today (May 2026 contract) is ₹2,36,600 per kg as of 13:25 IST on 29 April 2026. Silver has outperformed gold on MCX today, trading with a mild gain of around 0.31% even as gold falls sharply.
