Gold Rate Today falls as gold prices decline in India. Know 10 gram gold price, market trend and latest bullion updates.
The domestic bullion market witnessed a decline on April 20, as both gold and silver prices came under pressure. While the stock market showed early volatility followed by recovery, Gold Rate Today remained weak in the commodity segment, surprising investors and buyers.
Gold Rate Today shows downward trend
In early trade, MCX gold opened on a weaker note. The June delivery contract, which had closed at around ₹1,54,609 per 10 grams in the previous session, slipped further during the day. At its lowest point, Gold Rate Today touched nearly ₹1,53,000 per 10 grams.
This indicates a drop of around ₹1,500 to ₹1,600 in intraday trading, reflecting overall weakness in global cues.
Spot market also reflects weakness
The spot market also showed a similar trend. According to market data, Gold Rate Today in the physical market fell by around ₹490, bringing prices to approximately ₹1,55,290 per 10 grams.
Due to this decline, Gold Rate is now hovering near the ₹1.53 lakh to ₹1.55 lakh range depending on market conditions and location.
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10 gram gold price in major cities
Here is how Gold Rate looks across key Indian cities (24K per 10 grams):
Mumbai: ₹1,55,290
Delhi: ₹1,55,440
Kolkata: ₹1,55,290
Chennai: ₹1,56,000
Bangalore: ₹1,55,290
Hyderabad: ₹1,55,290
This shows that Gold Rate varies slightly depending on local taxes and demand.
Silver also under pressure
Along with gold, silver prices also saw a sharp fall of nearly ₹4,000 per kilogram in futures trading. This further added to the pressure in the commodity market, keeping Gold Rate under close watch by traders.
Market overview
While the stock market recovered after early losses, the commodity market remained weak. This divergence played a key role in the movement of Gold Rate Today, which continued to decline throughout the session.
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