For the past few days, gold and silver prices have been witnessing continuous fluctuations and pressure. Today, the price of 10 grams of gold has fallen below Rs 1.50 lakh on the Commodity Market (MCX), while silver has also slipped and closed below the level of Rs 2.33 lakh per kg. However, in contrast, gold prices in the domestic market are still in the range of Rs 1.50 lakh to Rs 1.51 lakh per 10 grams, while silver is trading around Rs 2.50 lakh per kg.
What is the latest price of gold?
According to market data, on April 5, the price of 24 carat pure gold was recorded at Rs 15,093 per gram. Accordingly, the price of 10 grams of gold reached Rs 1,50,930 and the price of 100 grams of gold reached Rs 15,09,300. The most important thing is that according to this report, there has been no change in the price of 24 carat gold as compared to the previous day.
Apart from this, if we talk about 22 carat gold, its price was recorded at Rs 13,835 per gram. Under this, the price of 10 grams of 22 carat gold was Rs 1,38,350 and the price of 100 grams was Rs 13,83,500. At the same time, the price of 18 carat gold used for jewelery was recorded at Rs 11,320 per gram and Rs 1,13,200 for 10 grams.
What could happen next in MCX Gold?
Enrich Money CEO and market expert Ponmudi R. According to, gold on MCX is currently trading below the important level of Rs 1.50 lakh. According to his analysis, if gold manages to stay above Rs 1,52,000, then it may regain strong strength once again and the price may go from Rs 1,54,000 to Rs 1,55,000. Beyond this, this price can also touch the level of Rs 1,56,000 to Rs 1,58,000.
On the contrary, if the price slips below Rs 1,48,000, further pressure may increase in the market and the price may fall to the range of Rs 1,47,000 to Rs 1,46,000. However, this is purely a technical estimate of the market, there is no fixed or firm price.
How is the movement in the silver market?
On the other hand, silver on MCX was seen trading in the range of Rs 2,32,000 to Rs 2,34,000. The level of Rs 2,33,000 to Rs 2,34,000 is being considered as resistance with immediate effect in the market. If silver overcomes this hurdle and strengthens, it can jump to the level of Rs 2,37,000 to Rs 2,40,000. On the other hand, if it breaks below Rs 2,30,000, then there may be a big fall in silver and it may slip to Rs 2,26,000 to Rs 2,28,000 and then to the level of Rs 2,22,000.
All eyes on RBI meeting
The meeting of the Reserve Bank of India (RBI) is going to play a big role in deciding the movement of gold and silver in the coming days. According to reports, the three-day Monetary Policy Committee meeting of RBI is going to be held from 6 to 8 April 2026. This will be the first bi-monthly monetary policy meeting for the financial year 2026-27.
Most financial experts estimate that this time also the repo rate can be maintained at 5.25% and there will be no change in it. These decisions related to interest rates have a direct impact on precious metals like gold and silver. Apart from this, the movement of the US dollar, crude oil prices and the ongoing turmoil at the global level will also decide the direction of the bullion market in the future.