Gold Silver Rate Today, 7 April 2026: City-Wise Prices, MCX Gold Down, Silver Steady Across Key Indian Cities

This article provides a factual overview of gold and silver price movements on 7 April 2026, detailing global and domestic trends, city-wise rates in India, and drivers such as currency strength, central bank policy, and investment options like Gold ETFs and Sovereign Gold Bonds.

Gold and silver prices on 7 April 2026 show modest declines in global trade, while Indian markets display mixed moves. International spot gold is hovering near $4,685.80 per ounce after a brief pullback. Global spot silver trades around $72.98 per ounce, more than 20% below its January 2026 peak, with currency moves and policy signals weighing on both metals.

Domestic bullion markets in India reflect these global trends with softer gold prices and largely steady silver rates. Average 24K gold has fallen by about ₹270 per 10 grams compared with the previous session. By contrast, 999 fine silver holds close to earlier levels at ₹2,49,900 per kg, with only a marginal dip of ₹100 across many key cities.

Gold Price Today and Gold Rates: Domestic market snapshot

On 7 April 2026, all-India benchmark 24K gold stands at ₹15,066 per gram and ₹1,50,660 per 10 grams. For 22K gold, commonly used in jewellery, prices are ₹13,810 per gram and ₹1,38,100 per 10 grams. Lower purity 18K gold trades at ₹11,299 per gram and ₹1,12,990 per 10 grams. These figures exclude 3% GST and any making charges.

Retail buyers should note that making charges can vary sharply by design and jeweller. For gold ornaments, these charges generally range between 5% and 35% of the metal value. Final billing also includes 3% GST on the gold value and applicable levies, so the actual amount paid at stores will be higher than the basic listed rate.

Gold Price Today and Gold Rates: International moves and futures data

International spot gold is trading around $4,685.80 per ounce, with recent intraday swings between $4,675 and $4,694. The daily pattern indicates a mild recovery following an earlier dip, as prices edge higher but remain under pressure from broader macro factors. The rate equates to roughly $150.65 per gram for 24K gold in global wholesale markets.

On the derivatives side, the Gold (GCW00) contract opened at $4,678.60 and reached a high of $4,694.90. The low for the session was $4,675.60, against a previous close of $4,684.70. Volume totals 994 contracts, with open interest at 2,63,825. The daily change is a marginal gain of around 0.02%, indicating cautious trading interest.

Gold Price Today and Gold Rates: City-wise and historical trends

Major Indian cities show close alignment in 24K and 22K gold rates, with small location differences. Delhi and Jaipur quote 24K gold around ₹1,50,810 per 10 grams, while Mumbai, Bangalore, Hyderabad, Kolkata and Pune list ₹1,50,660. Chennai posts a higher 24K rate of ₹1,52,620, reflecting local dynamics. Ahmedabad’s 24K price stands near ₹1,50,710 per 10 grams.

Recent daily movements highlight short-term swings for Indian gold prices over the last ten sessions. The 24K rate moved between ₹14,809 and ₹15,295 per gram, while 22K varied from ₹13,575 to ₹14,020. The metal touched above ₹1.73 lakh per 10 grams during early March. Since then, prices have retreated by about 14% on a monthly view, offering some relief to value-seeking buyers.

Gold Price Today and Gold Rates: Drivers, outlook and buyer options

Gold prices are currently restrained by a firm US dollar and rising US Treasury yields. Market sentiment is also affected by fresh war deadlines from President Trump related to West Asia tensions. President Trump has threatened to target Iran’s power plants and bridges if the Strait of Hormuz is not reopened, adding further uncertainty to the safe-haven narrative.

From a technical standpoint, global traders are watching support near $4,650 per ounce and resistance around $4,750. Any pullback in the dollar could support a rebound in gold, especially if regional tensions escalate and trigger fresh demand for safe assets. Continued gold buying by global central banks also offers longer-term support for prices, even after recent corrections.

For Indian investors, the price drop has renewed interest in financial products linked to gold. Some are turning towards Gold ETFs or Sovereign Gold Bonds to avoid high making charges on jewellery. These instruments track bullion prices without physical storage concerns. However, buyers still need to account for taxation, including GST on physical metal and other statutory levies.

Silver Price Today and Silver Rates: Global and domestic overview

Silver has also softened on 7 April 2026, though Indian retail prices appear relatively steady. International spot silver trades near $72.98 per ounce, equivalent to about $2.35 per gram and $2,347.65 per kilogram. This level is more than 20% below the January 2026 all-time high of approximately $121.64 per ounce, reflecting changing expectations for monetary policy and currency strength.

The Silver (SIW00) futures contract opened at $72.86, touched an intraday high of $73.51 and a low of $72.83. The previous close was $72.85, giving a daily gain of around 0.18%. Volume stands at 472 contracts, with open interest at 71,054. Despite the small uptick, sentiment remains cautious due to a stronger dollar and a guarded Federal Reserve outlook.

Silver Price Today and Silver Rates: Indian prices, city premiums and trends

Across India, average 999 fine silver rates on 7 April 2026 are quoted at ₹249.90 per gram and ₹2,49,900 per kilogram. Domestic prices show a minor dip of ₹100 per kg versus the previous day. These rates usually exclude 3% GST and any making charges for silver coins, bars or articles, which commonly range from 5% to 25% depending on the product.

Southern markets such as Chennai, Hyderabad and Kerala continue to trade at a premium of roughly ₹10,000 per kg over many northern and western centres. Higher local demand, both cultural and industrial, supports these elevated regional silver rates. Other major cities, including Mumbai, Delhi, Kolkata, Pune, Ahmedabad and Vadodara, cluster around ₹2,49,900 per kg with small daily adjustments.

Silver Price Today and Silver Rates: Key influences and investor view

Silver began April at ₹2,55,000 per kg in India and has since eased to ₹2,49,900, a decline of around 2%. Despite the drop from 2026 highs, current prices still sit well above pre-conflict levels. A stronger US dollar and shifting Federal Reserve communication continue to pressurise silver, even as industrial demand offers support.

Technical watchers see support near $70 per ounce and resistance close to $75 for international silver. A weaker dollar could help prices rebound, particularly if West Asia tensions deepen and boost safe-haven buying. Strong demand from electronics and solar panel manufacturers provides a long-term base for silver, which has both investment and industrial uses.

For Indian households and investors, both gold and silver purchases are affected by statutory charges and local premiums. GST of 3% applies on the value of each metal, while making charges typically range from 5% to 35% for gold jewellery and 5% to 25% for silver items. Final prices also reflect regional differences, especially in southern silver markets with higher demand.

Market participants tracking gold price today and silver price today see a phase of consolidation after sharp moves earlier in the year. Softer prices, combined with geopolitical risks, currency trends and central bank actions, continue to guide sentiment. Investors are weighing physical purchases against options like Gold ETFs and Sovereign Gold Bonds, while silver buyers remain aware of regional premiums and tax-related costs.