Gold and Silver Prices in India End Higher at Market Close on April 1, 2026: Prices Rebound After Recent Fall
Gold and silver prices in India closed higher on April 1, 2026, with gains seen in both retail markets and MCX futures. In the retail market, 24K gold rose to around ₹146,320 per 10 grams and 22K gold to ₹139,350, while silver increased to ₹265,000 per kg. On the MCX, gold (June futures) settled near ₹72,800 per 10 grams, up about 0.8%, and silver (May futures) rose around 1.2% to around ₹85,300 per kg, supported by dip-buying and a slightly weaker US dollar.
Gold and Silver Retail Closing Prices in Top Indian Cities on April 1, 2026
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (₹/Kg) |
|---|---|---|---|
| Delhi | ₹146,840 | ₹139,850 | ₹265,000 |
| Mumbai | ₹146,320 | ₹139,350 | ₹265,000 |
| Chennai | ₹147,530 | ₹140,500 | ₹265,000 |
| Bengaluru | ₹146,950 | ₹139,950 | ₹265,000 |
| Hyderabad | ₹147,530 | ₹140,500 | ₹265,000 |
| Kolkata | ₹147,370 | ₹140,350 | ₹265,000 |
Disclaimer: Prices are indicative retail closing rates; actual rates may vary slightly by locality and jeweller.
Intraday Movement and Price Direction
- Gold (MCX June Futures)
- Opening: ₹72,300
- High: ₹73,050
- Low: ₹72,150
- Closing: ₹72,800 (+0.8%)
- Silver (MCX May Futures)
- Opening: ₹84,200
- High: ₹85,600
- Low: ₹83,900
- Closing: ₹85,300 (+1.2%)
Markets saw short-covering and fresh buying interest, indicating a pause in the recent downtrend.
Gold Rate Analysis
Gold prices found support after recent declines, aided by:
- Slight weakness in the US dollar index
- Stabilisation in global spot prices near the $4,500remains levels
- Rupee movement remains relatively stable against the dollar
On MCX, key levels:
- Support: ₹72,000
- Resistance: ₹73,200
In India, 24K gold hovered around ₹146,000+ per 10 grams, showing improved buying interest. However, the overall upside remains limited as expectations of aggressive US rate cuts have reduced.
Silver Rate Analysis
Silver outperformed gold, reflecting:
- Higher volatility and stronger rebound momentum
- Support from industrial demand expectations
- Wider intraday swings compared to gold
Key MCX levels:
- Support: ₹83,500
- Resistance: ₹86,000
Retail silver prices moved up to around ₹265,000 per kg, tracking both global trends and local demand. Silver continues to see sharper ups and downs compared to gold.
Key Factors Driving Gold and Silver Prices Today
- Softer US dollar movement
- Profit-booking reversal after the recent sharp correction
- Global cues stabilising near key support levels
- Expectations around upcoming US macroeconomic data (inflation, jobs)
- Mixed sentiment in domestic equity markets
What Today’s Close Signals for the Market
Today’s rise shows the market is stabilising after a recent fall. Silver increased more than gold, which shows higher risk-taking and sharper price movements in silver.
Right now, this looks like a temporary bounce, not a full trend change. Prices may move within a limited range in the short term.
Investors will keep an eye on:
- Upcoming US economic data
- Movement in the US dollar
- Global geopolitical developments
Unless there is any major trigger, gold and silver prices are likely to stay sideways with some ups and downs.
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