On April 6, gold prices in India experienced a significant decline, with 24-carat gold priced at ₹1,36,700 per 10 grams in Mumbai and 22-carat gold at ₹1,11,850. This drop reflects a more than 14% decrease in April, the steepest since October 2008, largely due to a stronger US dollar driven by geopolitical tensions, particularly the ongoing US-Iran negotiations for a potential 45-day ceasefire. Silver prices also fell, with spot rates at ₹2,31,233 per kg. The fluctuations in gold prices are influenced by various factors, including international market rates, import duties, and exchange rate variations. Gold holds significant cultural and financial value in India, making it a preferred investment, especially during weddings and festivals. Investors are advised to stay informed about market trends to navigate these changes effectively.