Gold and silver prices in your city on 3 April: Gold rates in India ended flat but in the red in the domestic futures market on Thursday, April 2, following U.S. President Donald Trump’s first national address since the Iran war began on Wednesday. Re-escalating the war, Trump said the United States would continue to strike Iran “very hard” over the coming weeks.
On Thursday, 2 April, MCX 2 April contracts ended at ₹1,49,650 per 10 grams, while MCX 5 May contracts lost 4.5% to settle at ₹2,32,600 per kg. The commodities market was closed today, April 3, on account of Good Friday.
Meanwhile, 24-carat gold was priced at ₹1,49,210/10 gm, as of 2 April. Further, 22-carat gold was priced at ₹1,36,776/10 gms. Silver prices today are at ₹2,32,500/kg (Silver 999 Fine).
Check here for gold and silver prices in your city today, 2 April: Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai.
Notably, for retail customers, jewellers may add making charges, taxes, and to the bill, which could hike the final price.
Gold and Silver Prices in Mumbai — 3 April
24 karat gold rate in Mumbai — ₹1,49,470/10 gm.
22 karat gold rate in Mumbai — ₹1,37,014/10 gm.
Silver 999 Fine rate in Mumbai — ₹2,32,900/1 kg.
Gold and Silver Prices in New Delhi — 3 April
24 karat gold rate in New Delhi — ₹1,49,210/10 gm.
22 karat gold rate in New Delhi — ₹1,36,776/10 gm.
Silver 999 Fine rate in New Delhi — ₹2,32,500/1 kg.
Gold and Silver Prices in Hyderabad— 3 April
24 karat gold rate in Hyderabad — ₹1,49,710/10 gm.
22 karat gold rate in Hyderabad — ₹1,37,234/10 gm.
Silver 999 Fine rate in Hyderabad — ₹2,33,270/1 kg.
Gold and Silver prices in Kolkata — 3 April
24 karat gold rate in Kolkata — ₹1,49,270/10 gm.
22 karat gold rate in Kolkata— ₹1,36,831/10 gm.
Silver 999 Fine rate in Kolkata — ₹2,32,590/1 kg.
Gold and silver prices in Bengaluru — 3 April
24 karat gold rate in Bengaluru — ₹1,49,590/10 gm.
22 karat gold rate in Bengaluru — ₹1,37,124/10 gm.
Silver 999 Fine rate in Kolkata — ₹2,33,080/1 kg.
Gold and Silver Prices in Chennai — 3 April
24 karat gold rate in Chennai — ₹1,49,910/10 gm.
22 karat gold rate in Chennai — ₹1,37,418/10 gm.
Silver 999 Fine rate in Chennai — ₹2,33,580/1 kg.
Gold and Silver Prices in Ahmedabad — 3 April
24 karat gold rate in Ahmedabad — ₹1,49,670/10 gm.
22 karat gold rate in Ahmedabad — ₹1,37,198/10 gm.
Silver 999 Fine rate in Ahmedabad — ₹2,33,210/1 kg.
Gold, Silver prices: Outlook Ahead
Gold and silver came under pressure after hitting fresh two-week highs near $4,800 and $75, respectively, as rising geopolitical tensions and a stronger US dollar triggered profit-booking, according to Dr. Renisha Chainani, Head – Research at Augmont.
She noted that the prolonged conflict, along with Donald Trump’s hawkish comments, had reduced hopes of near-term de-escalation and reinforced the dollar’s safe-haven appeal. Trump reportedly warned that Iran could face severe military consequences within the next two to three weeks if diplomacy failed.
At the same time, the UAE’s push for intervention around the Strait of Hormuz has lifted crude oil prices, reviving inflation fears and strengthening expectations of a possible US Fed rate hike.
On the technical front, Chainani said, “Gold has approached a key resistance zone near $4800, increasing the likelihood of profit-booking towards $4500 (~ ₹144,000).”
Silver, she added, has tested resistance near $75 and could correct towards $67 (~ ₹215,000).
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.