Live Gold and Silver Prices: 24K, 22K Gold and 999 Silver Rates in Delhi, Mumbai, and Other Cities on 24 April

Global Markets in Flux: Gold and Silver Prices Take a Hit on April 24

The Indian commodity markets were under pressure on Friday, April 24, as the price of gold and silver took a hit on the Multi Commodity Exchange (MCX). The MCX gold June futures declined by 0.32%, trading at ₹1,51,279 per 10 grams, while the MCX silver May futures fell by 0.47%, trading at ₹2,40,369 per kg around 9:21 am.

The decline in gold and silver prices can be attributed to the rise in the US dollar, driven by elevated crude oil prices and continued volatility amid uncertainty over the US-Iran peace deal. International gold prices were under pressure, set for their weekly decline, amid higher crude oil prices and ongoing geopolitical uncertainty, which have increased inflationary risks and fanned speculation that interest rates may remain higher for longer.

The silver price in the country also slipped, tracking weakness across precious metals, driven by the same fundamental factors, such as rising bond yields, high oil prices, and a stronger US dollar. The MCX Silver rate fell by 1% or over ₹2,300 to ₹2,39,200 per kg, whereas the MCX Gold price lost 0.4% or over ₹600 to ₹2,41,513 per 10 grams.

Read also: Gold and Silver Prices in Delhi, Mumbai, Pune, and Other Cities on 25 April: Retail Rates

Market Comparison

The Asia-Pacific markets opened mixed, with investors remaining cautious despite a three-week extension of the Israel-Lebanon ceasefire, highlighting lingering geopolitical uncertainty. US stock futures were little changed on Thursday night after President Donald Trump said that Israel and Lebanon had agreed to extend their ceasefire by three weeks.

The Brent crude price remains elevated, rising more than 1.25% to $105.38 per barrel in Friday trading, while the US West Texas Intermediate futures advanced 1.14% to $96.96 per barrel.

Read also: Gold and Silver Prices Face Reversal: Key Levels to Watch as Rally Loses Steam

Gold and Silver Prices by City

Here are the prices of gold and silver by city on April 24:

Please note that jewellers may add making charges, taxes, and GST to the bill, which could hike the final price of the item.