Gold prices in India showed remarkable strength on April 15, with 24K gold reaching ₹15,535 per gram and 22K gold at ₹14,240 per gram, marking fresh short-term highs across major cities. According to 5paisa Capital Ltd, Chennai led the surge with 24K gold at ₹15,622 per gram, followed by Delhi at ₹15,550 per gram, while 18K gold climbed to ₹11,651 per gram across most markets. This represents a significant recovery from the April 13 dip of ₹15,246 for 24K gold, with the sharp rebound signaling strong bullish momentum after recent volatility. The 24K rate had recovered from ₹14,984 on April 7 to ₹15,148 on April 9 and further to ₹15,300 on April 10, demonstrating sustained upward momentum across all gold categories. In the domestic market, MCX near-month futures were trading flat at ₹1,54,854 per 10 grams, while in the intraday session it reached ₹1,55,048, marking the highest level since 18 March. The yellow metal has ended the last three weeks higher, helping it recover ₹25,203 from its March lows, though it remains ₹25,989 below its record high of ₹1,80,779 attained in late January.
Gold futures showed mixed performance on Wednesday, with MCX June 5 contract opening with a fall of ₹60 to ₹1,54,757 per 10 grams against the previous close of ₹1,54,817. The contract later dipped further to touch an intraday low of ₹1,54,404, a fall of ₹413 or 0.26%, before recovering to trade at ₹1,54,704 with a fall of ₹113 or 0.07%. According to India TV News, the August 2026 contract was down by ₹92 or 0.06% to trade at ₹1,54,725 per 10 grams in business turnover of 1,016 lots. The decline was attributed to the US dollar regaining strength amid hopes of another round of peace talks between the United States and Iran. Latest trading data shows domestic futures gold traded 0.15 percent lower at ₹1,54,580 per 10 grams from its previous close, while silver edged 0.43 percent down to ₹2,51,671 per kilogram for 999 purity. As per LKP Securities, gold traded with minor losses amid some profit-taking after the recent positive momentum, with markets remaining cautious amid mixed signals from US-Iran talks where optimism is balanced by the risk of failure.
Retail gold prices across major Indian cities moved significantly higher on April 15, with Delhi seeing 24K gold rise to ₹15,550 per 10 grams and 22K gold increase to ₹14,255 per 10 grams. Mumbai recorded similar gains with 24K gold at ₹15,535 per 10 grams and 22K gold at ₹14,240 per 10 grams. Chennai showed the highest increases with 24K gold at ₹15,622 per 10 grams and 22K gold at ₹14,320 per 10 grams. Kolkata maintained uniform pricing with 24K gold at ₹15,535 per 10 grams and 22K gold at ₹14,240 per 10 grams. According to Augmont Bullion report, gold sustains above ₹1.55 lakh, with the next upside resistance expected at ₹1.60 lakh, while silver has given a breakout above ₹2.44 lakh and the next resistance would be ₹2.55 to ₹2.65 lakh on continued strength. Latest city-wise rates show Delhi at ₹15,550 per gram, Chennai at ₹15,622 per gram, Bengaluru at ₹15,535 per gram, Mumbai at ₹15,535 per gram, Pune at ₹15,540 per gram, Kolkata at ₹15,535 per gram, Hyderabad at ₹15,535 per gram, and Ahmedabad at ₹15,540 per gram for 24K gold. As per The Hindu BusinessLine, 22K gold prices today across Indian cities range from ₹14,310 per gram in Mumbai and Delhi to ₹14,410 per gram in Kolkata, while 24K gold rates vary from ₹15,026 per gram in Mumbai to ₹15,131 per gram in Kolkata.
In international markets, Comex gold futures dropped by $46 per troy ounce to an intraday low of $4,808 after hitting a one-month high of $4,895, while silver futures fell $1.23 to the day's low of $78.3. Both metals had closed Tuesday's session with sharp gains, with gold surging 1.75% and silver rallying 5.11%. As per Reuters, the US and Iran are seeking a second round of talks in the coming days, even as tensions in the Strait of Hormuz deepen the global energy crisis ahead of next week's expiry of a ceasefire. US President Donald Trump said on Tuesday that talks with Iran could resume in Pakistan over the next two days, with the first round of talks between the US and Iran, held over the weekend after a month-long conflict, having collapsed. The US military said late on Tuesday that American forces have completely halted economic trade into and out of Iran by sea through a blockade of its ports, while cooling energy prices have also increased rate cut bets, with traders now seeing a 29% chance of a 25-basis-point rate cut this year, up from about 13% last week. The US Dollar Index further drifted lower, falling to 98 against a basket of currencies, making greenback-priced bullion more affordable for holders of other currencies.
Silver prices showed stronger momentum with MCX May futures rising 0.83 percent to ₹2,54,842 per kg, supported by fresh buying interest. According to ABP Live, silver rates across major cities include Delhi at ₹270 per gram, Chennai at ₹275 per gram, Bengaluru at ₹270 per gram, Mumbai at ₹270 per gram, Pune at ₹270 per gram, Kolkata at ₹270 per gram, Hyderabad at ₹275 per gram, Ahmedabad at ₹270 per gram, Indore at ₹270 per gram, Lucknow at ₹270 per gram, Coimbatore at ₹275 per gram, Bhubaneswar at ₹275 per gram, Mysore at ₹270 per gram, Kanpur at ₹270 per gram, Salem at ₹275 per gram, Visakhapatnam at ₹275 per gram, and Vijayawada at ₹275 per gram. In the domestic market, silver contracts were also trading flat at ₹2,52,700 per kilogram, with the white metal reaching nearly a one-month high in the intraday session, supported by a ₹12,000 jump in Tuesday's session. The rally has helped the white metal recover ₹53,197 from its March lows, yet the highly volatile metal is still down by ₹1,67,347 from its record peak of ₹4,20,048. Experts noted resistance at ₹2,60,000-₹2,63,000, with further upside potential towards ₹2,68,000-₹2,70,000, while a fall below ₹2,48,000 could lead to a corrective move towards ₹2,44,000-₹2,40,000.
