Live Updated: April 7, 2026, 4:06 PM IST. Gold prices in India witnessed a correction of approximately ₹820 per 10 grams for 24 karat gold as a stronger US dollar and profit booking by investors weighed on bullion markets.
Domestic gold prices fell for the second consecutive day on Tuesday as international spot gold traded near $4,685 per ounce. The correction follows record highs seen earlier this month when prices had surged past ₹1.53 lakh per 10 grams in Delhi. Analysts say large scale investors booked profits at higher levels while a slight strengthening of the Indian rupee against the dollar made gold more affordable in the domestic market.
As of this morning, 24 karat gold is trading at approximately ₹1,49,840 per 10 grams while 22 karat gold, which is widely used for jewellery, has settled at ₹1,37,350 per 10 grams. Silver is holding steady near ₹2,50,000 per kilogram in the Delhi bullion market.
City Wise Gold Rates on April 7 2026 (Per 10 Grams)
Delhi: 24K ₹1,49,757 and 22K ₹1,37,277.
Mumbai: 24K ₹1,49,791 and 22K ₹1,37,308.
Chennai: 24K ₹1,50,660 and 22K ₹1,38,100.
Kolkata: 24K ₹1,49,840 and 22K ₹1,37,350.
Bengaluru: 24K ₹1,50,660 and 22K ₹1,38,100.
Hyderabad: 24K ₹1,49,757 and 22K ₹1,37,277.
Prices may vary slightly depending on local jewellers, making charges, and 3 percent GST. These rates are indicative and sourced from bullion market data published by the India Bullion and Jewellers Association.
You Need to Know
The correction in gold prices offers a brief buying window before the peak wedding season demand pushes rates higher. Market experts advise consumers to avoid panic buying and instead consider purchasing during dips. For investors looking to avoid high making charges on physical gold, Sovereign Gold Bonds issued by the Reserve Bank of India remain a tax efficient alternative. You can check the latest SGB availability on the RBI website at rbi.org.in.
Gold prices are also being influenced by the RBI monetary policy decision expected tomorrow. If the central bank holds rates unchanged as widely expected, it could support gold prices in the short term. Read our detailed coverage on the RBI MPC meeting and EMI impact.
This article will be updated with evening closing rates as markets settle today.