New Delhi | Tuesday, April 7, 2026 — Domestic gold prices in India witnessed a notable correction for the second consecutive day this Tuesday. After a period of record-breaking highs, the bullion market saw a sharp decline as investors reacted to shifts in the global economic landscape and cooling geopolitical tensions. The “Yellow Metal” has dropped by approximately ₹820 per 10 grams for 24-carat gold in early trade today.
Current Gold Rates: April 7, 2026
As of today, 24-carat gold (99.9% purity) is trading at approximately ₹1,49,840 per 10 grams, down from yesterday’s close of ₹1,50,660. Similarly, 22-carat gold, which is widely used for jewelry making, has seen a dip, settling at ₹1,37,350 per 10 grams.
| Gold Purity | Price per 1 Gram | Price per 10 Grams | Daily Change |
| 24K Gold | ₹14,984 | ₹1,49,840 | 📉 -₹820 |
| 22K Gold | ₹13,735 | ₹1,37,350 | 📉 -₹750 |
| 18K Gold | ₹11,238 | ₹1,12,380 | 📉 -₹610 |
Market Dynamics: Why are Prices Falling?
The primary driver behind today’s slump is a significant “correction” following the extreme highs seen earlier this month. Financial analysts suggest that profit-booking by large-scale investors, combined with a slight strengthening of the Indian Rupee against the US Dollar, has made gold more affordable in the domestic market.
Additionally, international cues indicate a temporary stabilization in global markets, leading some institutional investors to move capital back into equities and higher-yield bonds. However, despite this 48-hour decline, the long-term trend for gold remains bullish, with prices still up significantly compared to this time last year.
City-Wise Gold Rates Today (per 10 Grams)
Prices vary slightly across Indian metros due to local taxes, octroi, and varying demand:
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Delhi: ₹1,49,990 (24K) | ₹1,37,500 (22K)
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Mumbai: ₹1,49,840 (24K) | ₹1,37,350 (22K)
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Chennai: ₹1,51,200 (24K) | ₹1,38,600 (22K)
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Kolkata: ₹1,49,840 (24K) | ₹1,37,350 (22K)
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Bangalore: ₹1,49,840 (24K) | ₹1,37,350 (22K)
Silver Prices Remain Steady
While gold is experiencing a downturn, silver prices have remained remarkably flat for the fifth consecutive day. In the national capital, silver is currently trading at ₹250 per gram, which translates to ₹25,000 per 100 grams and a staggering ₹2,50,000 per kilogram.
Investor Outlook
For retail buyers and jewelry enthusiasts, this two-day price drop offers a brief window of opportunity before the peak wedding season demand sets in. Market experts advise keeping a close eye on global inflation data and central bank announcements, as these will likely dictate whether gold will test the ₹1.55 lakh threshold or continue its current corrective phase through mid-April.
