Precious metals are not backing down in the local market with gold prices increasing by a small margin and silver staying at high prices on April 17, 2026. The trend is an indication of the combination of world geopolitical indicators and the increase of domestic demand before Akshaya Tritiya, a major purchasing time of Indian families.
International events, especially the US-Iran situation talks that are still going on, are still impacting investor sentiment. Although the tensions are beginning to ease, the risks and uncertainty surrounding energy paths and inflation make the gold and silver assets remain under the spotlight as safe-haven assets.
There is a stable increase in prices of gold in India
India The trend of gold prices has continued to rise in India but the returns are moderate compared to the volatility experienced in the month before. The 24-carat gold benchmark is currently quoted higher than 1.55 lakh per 10 grams, a pointer of continued interest by investors.
The following is the most recent snapshot of the purity-wise gold price:
| Gold Type | Purity | Price (₹ per 10g) |
|---|---|---|
| 24 Carat | 99.9% | ₹1,55,570 |
| 22 Carat | 91.6% | ₹1,42,600 |
| 18 Carat | 75% | ₹1,16,680 |
These are not inclusive of GST and making charges that can have a huge effect of bringing the end product to a higher price to jewellery purchasers.
The trend of increasing is partly because of the stability of the global market and the anticipation of the central banks to change their monetary policies towards being softer in the next few months. Also, prices have a solid foundation in India due to the seasonal demand.
There is slight difference in city-wise gold rates
In major cities, there is no large variation in the price of gold, and the only significant differences are regional based on logistics and local demand patterns. There is still a premium trading in Chennai as compared to the other metros.
| City | 24K (₹/10g) | 22K (₹/10g) | 18K (₹/10g) |
|---|---|---|---|
| Delhi | ₹1,55,720 | ₹1,42,750 | ₹1,16,830 |
| Mumbai | ₹1,55,570 | ₹1,42,600 | ₹1,16,680 |
| Chennai | ₹1,56,660 | ₹1,43,600 | ₹1,19,800 |
| Kolkata | ₹1,55,570 | ₹1,42,600 | ₹1,16,680 |
| Bangalore | ₹1,55,570 | ₹1,42,600 | ₹1,16,680 |
| Hyderabad | ₹1,55,570 | ₹1,42,600 | ₹1,16,680 |
| Ahmedabad | ₹1,55,620 | ₹1,42,650 | ₹1,16,730 |
| Jaipur | ₹1,55,720 | ₹1,42,750 | ₹1,16,830 |
| Lucknow | ₹1,55,720 | ₹1,42,750 | ₹1,16,830 |
The growth of most cities has been only about 200-220 per 10 grams over the last session as compared to the earlier session, showing a linear instead of a sharp rise.
After a sharp rise, silver prices are stable
Silver, which had soared earlier this week, is beginning to show some consolidation. The market has become stable at slightly lower than 2.70 lakh/kg, which is an indication that the market is digesting the recent gains.
| Category | Price |
|---|---|
| Silver (per gram) | ₹269.90 |
| Silver (10 grams) | ₹2,699 |
| Silver (1 kg) | ₹2,69,900 |
The majority of major markets are quoted at similar rates city-wise (Delhi, Mumbai, Kolkata) whereas the southern cities (Chennai and Hyderabad) are still trading at a premium.
| City | Silver (1 kg) |
|---|---|
| Delhi | ₹2,69,900 |
| Mumbai | ₹2,69,900 |
| Kolkata | ₹2,69,900 |
| Bangalore | ₹2,69,900 |
| Pune | ₹2,69,900 |
| Chennai | ₹2,74,900 |
| Hyderabad | ₹2,74,900 |
| Kerala | ₹2,74,900 |
The higher price in the southern markets of approximately ₹5,000/kg can be explained by the fact that the local demand and regional purchasing patterns are much greater.
What is the market moving on at the moment?
The current global and domestic forces are shaping the price of gold and silver. Globally, the reduction in geopolitical volatility has eased the extreme volatility, but not to a significant degree of causing a significant price adjustment.
Also Read: Akshay Kumar’s Bhooth Bangla Achieves ₹2.65 Crore in Advance Bookings
Meanwhile, the US dollar is relatively strong which normally pressurises precious metals. But hopes of potential interest rate reductions and further central bank purchases are giving support.
Festivals demand in India is taking a significant role. As the Akshaya Tritiya nears, a lot of buyers are flooding the market irrespective of the price particularly in jewellery and small purchases on investment.
Strong industrial demand, especially by industries such as electronics and renewable energy is also favoring silver, which is aiding in sustaining the price stability despite recent spikes.
What consumers need to remember
Although the headline prices are the base rates, the real purchase prices are more as there are other charges. Both gold and silver are subjected to 3% GST and charge making can be between 5 and 35 percent on jewellery made of gold and a little less on silver.
Also Read:
- From cash to QR: How UPI reshaped India’s digital payments system
- India Falls to 6th in Global GDP Ranking as UK Surges Ahead
- CBSE 10th Result 2026: Lucknow and Prayagraj Fall Below National Average
- Ustaad Bhagat Singh OTT Release: Pawan Kalyan’s Film Hits Netflix April 16
To investors, the other options like gold ETFs and sovereign gold bonds are also appealing, since they do not charge, and there is also the issue of storage.
As the two metals are approaching the recent highs, market players are keenly following the world market trends and domestic demand patterns before making new purchase decisions.
