India Gold Dips to 15,400 Rs/Gram on Weak Cues

Gold prices in India edged lower on April 27, 2026, with 24-carat gold trading at around 15,400 rupees per gram across major cities, reflecting weak global cues and a recovery in the US dollar.

In Mumbai and several other centers including Delhi, Kolkata and Bengaluru, the price stood at 15,442 rupees per gram for 24-carat gold, down marginally from recent highs. Chennai saw rates between 15,300 and 15,380 rupees per gram, while 22-carat gold hovered near 14,100 to 14,200 rupees per gram nationwide. The Multi Commodity Exchange recorded June-delivery contracts at 152,350 rupees for 10 grams, a decline of 349 rupees, or 0.23 percent. Silver prices also fell, dropping 817 rupees to 243,819 rupees per kilogram on the exchange.

Analysts pointed to subdued international demand and a stronger dollar as key factors behind the dip. Global gold futures traded 0.05 percent lower at 4,711.98 dollars per ounce in New York, while spot prices struggled amid expectations of prolonged high interest rates due to rising crude oil costs. A blockage in the Strait of Hormuz, linked to ongoing conflict in West Asia that began on February 28, has driven oil prices higher, fueling inflation concerns...