Gold and Silver Prices on April 3: Rates in Major Cities

Original: Gold, silver rates today: Check 24K, 22K gold, 999 silver rates on 3 April in your city — Delhi, Mumbai, others

Mint•Apr 3, 20263 min

In a Nutshell

On April 3, gold and silver prices remained stable in India, with 24-carat gold priced at ₹1,49,210 per 10 grams in New Delhi. Global geopolitical tensions and a strong US dollar have impacted market dynamics, leading to profit-booking in precious metals.

Key Points

0124-carat gold priced at ₹1,49,210 per 10 grams in New Delhi.
02Silver 999 Fine rate at ₹2,32,500 per kg in New Delhi.
03Geopolitical tensions and strong US dollar influence market trends.
04Profit-booking observed after recent highs in gold and silver prices.
05Analysts suggest potential corrections in gold and silver prices.

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Full Summary

As of April 3, gold and silver prices in India showed stability, with 24-carat gold priced at ₹1,49,210 per 10 grams in New Delhi and ₹2,32,500 per kg for silver 999 Fine. The prices reflect a slight decline in the domestic futures market, influenced by U.S. President Donald Trump's recent comments regarding escalating tensions with Iran. On April 2, gold futures closed at ₹1,49,650 per 10 grams, while silver futures fell by 4.5%, settling at ₹2,32,600 per kg. Analysts note that the ongoing geopolitical situation and a stronger U.S. dollar have led to profit-booking after the commodities reached two-week highs. Dr. Renisha Chainani from Augmont indicated that gold could face resistance near $4,800, potentially correcting towards $4,500 (approximately ₹144,000), while silver may correct towards $67 (around ₹215,000).

Key Figures

₹1,49,210

24-carat gold price in New Delhi per 10 grams

₹2,32,500

Silver 999 Fine price in New Delhi per kg

4.5%

Decline in silver futures on April 2

₹1,49,470

24-carat gold price in Mumbai per 10 grams

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Why It Matters

The stability in gold and silver prices may affect retail customers as jewellers typically add making charges and taxes, potentially increasing the final purchase price.

Who is affected

jewellery buyers and investors in precious metals

What to know

Consumers should check current rates and consider market trends before making purchases.

FAQ

As of April 3, 24-carat gold is priced at ₹1,49,470 per 10 grams, and silver 999 Fine is at ₹2,32,900 per kg in Mumbai.

Geopolitical tensions can lead to increased demand for gold and silver as safe-haven assets, but they can also trigger profit-booking after price surges.

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