Precious metal prices in India witnessed a notable decline today, Monday, April 6, 2026, as global markets reacted to a strengthening US dollar and shifting geopolitical cues. Following the Good Friday holiday break, 24-carat gold prices dropped by ₹1,800 per 10 grams, settling at ₹1,49,130.
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This correction comes as the India VIX remains elevated and the US-Iran conflict enters its sixth week, causing a “safe-haven” rotation away from non-yielding assets like gold and toward the US dollar.
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National Gold Rates Today (per 10 grams)
While prices have softened from last week’s highs, they remain historically elevated compared to 2025 levels.
| Purity Level | April 6, 2026 (Today) | April 5, 2026 (Yesterday) | Change |
| 24 Carat (99.9% Purity) | ₹1,49,130 | ₹1,50,930 | – ₹1,800 |
| 22 Carat (91.6% Purity) | ₹1,36,700 | ₹1,38,350 | – ₹1,650 |
| 18 Carat (75.0% Purity) | ₹1,11,850 | ₹1,13,200 | – ₹1,350 |
City-Wise Gold Prices (1 gram)
Retail rates vary slightly across major metros due to local taxes, octroi, and making charges. Chennai continues to command the highest premium in the country.
| City | 24K Today (1g) | 22K Today (1g) | 18K Today (1g) |
| Chennai | ₹15,066 | ₹13,810 | ₹11,520 |
| Delhi | ₹14,928 | ₹13,685 | ₹11,200 |
| Mumbai | ₹14,913 | ₹13,670 | ₹11,185 |
| Kolkata | ₹14,913 | ₹13,670 | ₹11,185 |
| Ahmedabad | ₹14,918 | ₹13,675 | ₹11,190 |
Silver Rates Today
Silver remained relatively steady in the domestic market, although international spot prices are under pressure.
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National Price: ₹2,50,000 per kg
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Chennai/Hyderabad/Kerala: ₹2,55,000 per kg
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Daily Change: – ₹100 in Delhi; Steady in other major metros.
Investigative Insight: The “Safe-Haven” Paradox
The ₹1,800 crash in gold prices today is a classic example of “Safe-Haven Cannibalization.” Typically, war leads to higher gold prices, but the current US-Iran conflict has triggered such aggressive US dollar strength and high interest rate expectations (following strong US payroll data) that investors are dumping gold to buy dollars.
Furthermore, reports suggest that some Middle Eastern nations may be liquidating their gold reserves to raise immediate cash as the Hormuz blockade chokes their oil revenue. In India, the India VIX at 25.52 indicates that traders expect massive swings. While the ₹1.49 lakh level offers a entry point for long-term investors, the looming “Tuesday 8 PM” ultimatum from President Trump could either cause gold to skyrocket on renewed fear or crash further if the dollar continues its “war-time rally.” For the Indian middle class already facing ₹6,000 LPG cylinders, today’s price drop is a rare, albeit small, relief.
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