- Gold and silver prices fell amid geopolitical tensions and rising oil.
- MCX gold and silver futures experienced significant price declines.
- Market sentiment remains cautious due to volatility and uncertainty.
Gold Silver Rate Today:Gold and silver prices declined on Tuesday, coming under pressure amid elevated geopolitical tensions between the US and Iran and a sharp rise in crude oil prices, which moved past the $110 mark.
On the Multi Commodity Exchange (MCX), gold futures for June 5 delivery slipped, hitting an intraday low of Rs 1,50,450 per 10 grams, down Rs 1,271 or 0.83 per cent. The metal touched a high of Rs 1,51,802 during the session before easing. At the last count, gold was trading at Rs 1,50,600, lower by Rs 1,121 or 0.74 per cent.
Silver prices saw steeper losses. MCX May 5 futures fell to an intraday low of Rs 2,36,600 per kg, down Rs 5,224 or 2.16 per cent. The session high stood at Rs 2,41,250. Silver was last quoted at Rs 2,37,600, down Rs 4,224 or 1.75 per cent.
Market experts said near-term sentiment in precious metals remains cautious amid volatility and geopolitical uncertainty. Gold is facing resistance around Rs 1,52,000, with a move above this level required to regain momentum, while a fall below Rs 1,51,000 could trigger further profit booking.
For silver, prices continue to hover near Rs 2,40,000, reflecting weak buying interest. A sustained move above Rs 2,42,000-Rs 2,44,000 could support a recovery, while a breach below Rs 2,40,000 may intensify downside pressure.
In global markets, bullion also traded lower. COMEX gold declined 0.27 per cent to $4,680 per ounce, while silver fell 0.73 per cent to $74.48 per ounce.
Despite the current dip, gold has gained over 40 per cent in dollar terms over the past year, while silver has surged 125 per cent.
Geopolitical tensions remained elevated as negotiations between the US and Iran showed signs of strain. While Iran proposed reopening the Strait of Hormuz and initiating nuclear talks following the removal of US maritime restrictions, Washington is reportedly seeking a broader resolution, keeping uncertainty high.
Meanwhile, crude oil prices climbed towards their 52-week highs. Brent crude rose to an intraday high of $111.31 per barrel, up around 3 per cent, while US WTI crude gained 2.53 per cent to $98.81, adding to pressure on bullion markets.
Also Read : Is Gen Z Spending Real Money To Look Rich Online? Here’s What Financial Flexing Is Costing Them
Gold Rates Across Major Cities In India On April 28
Gold Prices in Delhi Today (Per 1 Gram)
24 Karat – 15,315
22 Karat- 14,040
18 Karat- 11,490
Gold Prices in Chennai Today (Per 1 Gram)
24 Karat – 15,328
22 Karat- 14,100
18 Karat- 11,760
Gold Prices in Bengaluru Today (Per 1 Gram)
24 Karat – 15,300
22 Karat- 14,025
18 Karat- 11,475
Gold Prices in Mumbai Today (Per 1 Gram)
24 Karat – 15,300
22 Karat- 14,025
18 Karat- 11,475
Gold Prices in Pune Today (Per 1 Gram)
24 Karat – 15,300
22 Karat- 14,025
18 Karat- 11,475
Gold Prices in Kolkata Today (Per 1 Gram)
24 Karat – 15,300
22 Karat- 14,025
18 Karat- 11,475
Gold Price Today in Major Indian Cities
| City | 24k Gold Per Gram | 22k Gold Per Gram | 18k Gold Per Gram |
| Gold Rate in Hyderabad | 15,300 | 14,025 | 11,475 |
| Gold Rate in Ahmedabad | 15,305 | 14,030 | 11,480 |
| Gold Rate in Indore | 15,305 | 14,030 | 11,480 |
| Gold Rate in Lucknow | 15,315 | 14,040 | 11,490 |
| Gold Rate in Coimbatore | 15,382 | 14,100 | 11,760 |
| Gold Rate in Bhubaneswar | 15,300 | 14,025 | 11,475 |
| Gold Rate in Mysore | 15,300 | 14,025 | 11,475 |
| Gold Rate in Kanpur | 15,315 | 14,040 | 11,490 |
| Gold Rate in Salem | 15,382 | 14,100 | 11,760 |
| Gold Rate in Visakhapatnam | 15,300 | 14,025 | 11,475 |
| Gold Rate in Vijayawada | 15,300 | 14,025 | 11,475 |
| Gold Rate in Patna | 15,305 | 14,030 | 11,480 |
To check Silver price in India today, click here.
Also Read : New Income Tax Rules: How To Stop Extra TDS From Being Cut Using Form No. 128
Silver Price Across Major Cities In India On April 28
Silver Price In Delhi Today
The current silver price in Delhi stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Chennai Today
The current silver price in Chennai stands at Rs 265 per gram and Rs 265,000 per kg.
Silver Price In Bengaluru Today
The current silver price in Bengaluru stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Mumbai Today
The current silver price in Mumbai stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Pune Today
The current silver price in Pune stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price In Kolkata Today
The current silver price in Kolkata stands at Rs 260 per gram and Rs 260,000 per kg.
Silver Price Today in Major Indian Cities
| City | Per Gram | Per KG |
| Silver Rate in Hyderabad | 265 | 265,000 |
| Silver Rate in Ahmedabad | 260 | 260,000 |
| Silver Rate in Indore | 260 | 260,000 |
| Silver Rate in Lucknow | 260 | 260,000 |
| Silver Rate in Coimbatore | 265 | 265,000 |
| Silver Rate in Bhubaneswar | 265 | 265,000 |
| Silver Rate in Mysore | 260 | 260,000 |
| Silver Rate in Kanpur | 260 | 260,000 |
| Silver Rate in Salem | 265 | 265,000 |
| Silver Rate in Visakhapatnam | 265 | 265,000 |
| Silver Rate in Vijayawada | 265 | 265,000 |
| Silver Rate in Patna | 260 | 260,000 |
To check Gold price in India today, click here.
