There was a decline in the prices of gold and silver on Thursday. The price of gold decreased by around Rs 2,000 per 10 grams and the price of silver decreased by around Rs 7,200 per kg.
According to India Bullion Jewelers Association (IBJA), the price of 24 carat gold has declined by Rs 1,962 to Rs 1,60,586 per 10 grams, which was earlier Rs 1,62,548 per 10 grams. The price of 22 carat gold decreased from Rs 1,48,894 per 10 grams to Rs 1,47,097 per 10 grams.
The price of 18 carat gold has come down to Rs 1,20,440 per 10 grams, which was earlier Rs 1,21,911 per 10 grams.
There has been a sharp decline in the price of silver as compared to gold. The price of silver has decreased by Rs 7,135 to Rs 2,64,212 per kg, which was earlier Rs 2,71,347 per kg.
Along with spot, there has been a decline in the prices of gold and silver in the futures market also. Till the time of writing the news, the price of gold contract for April 2, 2026 was down by 0.84 percent to Rs 1,60,165. At the same time, the price of silver contract for May 05, 2026 was down by 0.94 percent to Rs 2,63,068.
A decline in the prices of gold and silver is also being seen in the international markets. Till the time of writing the news, the price of gold on Comex was down by 0.16 percent at $ 5,126 an ounce and the price of silver was down by 0.61 percent at $ 82.68 an ounce.
Jatin Trivedi of LKP Securities said that gold prices in the domestic market remained in a narrow range of Rs 1,60,000 to Rs 1,63,000 per 10 grams. At the same time, gold on Comex is around $ 5,150 an ounce. The market’s focus will be on US data releases such as unemployment figures and non-farm payrolls. The future direction of gold will be decided only by these data.
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