Gold Silver Price Today: Fall in gold and silver continues, market’s focus on Fed, know at what price jewelery is being sold?

Business Desk – Gold Silver Price Today: A further decline has been seen in the prices of gold in the country. On the morning of April 23, the price of 24-carat gold in the capital Delhi fell to Rs 154,890 per 10 grams. In Mumbai this rate fell to Rs 154,740 per 10 grams. Just a day ago, gold prices in Delhi’s bullion market had fallen by Rs 300 and closed at Rs 157,000 per 10 grams. Meanwhile, spot gold is trading at $4,742.97 per ounce in the international market.

Silver rates in major cities of the country including Delhi and Mumbai

The decline in silver prices is also clearly visible. In the bullion market, the rate of silver has fallen by Rs 100 per kg today compared to yesterday. Silver is currently trading at Rs 264,900 per kg in the bullion markets of North India. Silver prices are trading at Rs 264,900 per kg at various places including Delhi, Mumbai, Ahmedabad, Kolkata, Uttar Pradesh, Bihar and Chandigarh.

This subdued price movement came amid a dominant “risk-on” sentiment in global equity markets. Asian markets rose, boosted by overnight gains on Wall Street. When US President Donald Trump extended the ceasefire with Iran, the fear of escalating tensions immediately subsided. Japan and South Korea’s benchmark indices hit record highs intraday, indicating increased investor interest in risk assets.

However, the underlying geopolitical risks still remain unresolved. Persistent tensions around the Strait of Hormuz, as well as the absence of new peace talks between the US and Iran, have kept energy markets volatile. Even though oil prices remain stable. This situation has prevented a huge decline in gold prices; Gold is an asset class that generally benefits from uncertainty and inflation concerns.

Market experts said gold is being supported by its role as a hedge against geopolitical risks and inflation, as well as continued buying by central banks, especially in Asian economies. Additionally, high but stable real yields have slowed the metal’s upward momentum somewhat.

Outlook for gold and silver

Jatin Trivedi, VP of Commodities and Currency and Research Analyst at LKP Securities, said mixed geopolitical signals are bringing short-term volatility to this asset class. “The market’s attention is now shifting towards the US Federal Reserve’s policy announcement, which is due on April 29. This will play an important role in determining the direction of the market. It is expected that gold will remain volatile and in a range.”

Analysts also highlighted the difference in the outlook of gold and silver. While gold remains a defensive allocation in uncertain circumstances, silver is being seen as a ‘high-beta play’ on global growth. According to Ruchita Thakur, market analyst at VT Markets, silver has the dual role of being both a precious metal and an industrial metal. A stable economic environment puts it in a better position. Demand coming from sectors like solar energy, electronics and electric vehicles is continuously strengthening its fundamental base.

With the gold-to-silver ratio remaining at high levels, analysts see scope for ‘mean reversion’. A trend that could help silver outperform gold in the medium term. Historically, silver outperforms gold in the late stages of the economic cycle. This is the time when economic growth stabilizes, but uncertainties remain.

Overall, even though the extension of the ceasefire may have dampened ‘safe-haven’ demand for the time being, persistent geopolitical risks, strong oil prices and upcoming policy decisions from central banks are all expected to keep both gold and silver volatile in the short-term.