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Home News Gold Prices Hold Steady on Good Friday: Bullion Markets See “Marginal Dip”...

Gold Prices Hold Steady on Good Friday: Bullion Markets See “Marginal Dip” Amid Global Volatility

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Following yesterday’s sharp retreat from record highs, gold and silver prices in India remained largely stable today, Friday, April 3, 2026. With domestic stock exchanges closed for Good Friday, the bullion market saw only a “marginal dip” of ₹10 per 10 grams, primarily driven by limited currency movement and a slight softening in international spot rates.

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Data from Good Returns indicates that 24-carat gold is currently trading at ₹1,48,960 per 10 grams, maintaining its position just below the psychological ₹1.5 lakh threshold.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

National Gold Rates Today (per 10 grams)

The price difference between today and yesterday is minimal, suggesting that the initial “panic sell-off” following President Trump’s address has plateaued for the holiday weekend.

Purity Level April 3, 2026 (Today) April 2, 2026 (Yesterday) Change
24 Carat (99.9% Purity) ₹1,48,960 ₹1,48,970 – ₹10
22 Carat (91.6% Purity) ₹1,36,540 ₹1,36,550 – ₹10
18 Carat (75.0% Purity) ₹1,11,720 ₹1,11,730 – ₹10

City-Wise Retail Gold Prices (1 gram)

Retail prices continue to show slight regional variations due to local taxes and transportation costs, with Chennai remaining the most expensive major metro for gold buyers.

City 24K Today (1g) 22K Today (1g) 18K Today (1g)
Chennai ₹14,999 ₹13,749 ₹11,454
Delhi ₹14,911 ₹13,669 ₹11,187
Mumbai ₹14,896 ₹13,654 ₹11,172
Kolkata ₹14,896 ₹13,654 ₹11,172
Ahmedabad ₹14,901 ₹13,659 ₹11,177

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

Silver Rates Today (per kilogram)

Silver followed gold’s lead with a minor correction, reflecting a broader trend of “wait-and-watch” among industrial and retail investors.

  • National Price: ₹2,49,900 per kg (– ₹100 change)

  • Chennai/Hyderabad/Kerala: ₹2,54,900 per kg (Southern markets maintain a premium).

Investigative Insight: The “Long Weekend” Freeze

Today’s ₹10 “micro-change” is effectively a market freeze. Because the BSE and NSE are closed for the holiday, institutional traders are not making large “hedging” moves that typically drive domestic gold prices. However, the India VIX at 25.52 suggests that the underlying anxiety is far from over.

While the retail consumer sees a “stable” price today, the global backdrop is shifting rapidly. With news of a US fighter pilot missing in Iran and the INS Aridhaman being commissioned into the Indian Navy, the geopolitical “Safe Haven” demand for gold is likely to spike again by Monday morning. If the 40-nation Hormuz Plan B summit leads to any further military escalation in the Gulf over the weekend, we could see gold bypass the ₹1,55,000 mark as soon as Indian markets reopen. For now, the current ₹1.48 lakh level represents a brief, quiet “eye of the storm” for local investors.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

End…..

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