Gold and silver rates saw a notable dip in early trading sessions on April 10, 2026. Precious metals experienced declines across major markets, primarily attributed to profit booking and shifting global currency dynamics. Investors are closely monitoring the impact of geopolitical developments, especially concerning the US-Iran situation.
Precious Metals Trade Shows Early Decline on MCX
Gold rates on the MCX dipped by 0.60% during early trades, settling at ₹ 1,52,561 per 10 grams. Silver prices followed suit, declining by 0.70%, with the metal trading at ₹ 2,42,067 per kg.These downward movements in both commodities reflect investor behavior in response to ongoing market uncertainty. The decline was driven by profit booking coinciding with a strengthening US dollar. Furthermore, an increase of 1% noted in crude oil prices added pressure to the metal markets.
Global Catalysts Driving Gold and Silver Fluctuations
The metal prices faced headwinds amid continuing developments regarding the US-Iran ceasefire. This heightened geopolitical sentiment contributed to the prevailing market nervousness.Historically, gold and silver prices have shown volatility following major international diplomatic announcements. While initial reaction to the US-Iran deal had fueled interest, subsequent market activity led to profit-taking. Analysts suggest that the strengthening dollar remains a key counterbalance influencing global commodity valuations.
Comprehensive City-Wise Gold and Silver Rates for April 10
Investors tracking physical metal rates can find differential pricing across India's major metropolitan areas. The prices for gold and silver vary slightly based on the specific city market rates for 24 kt, 22 kt, and 18 kt gold.Delhi, Mumbai, Kolkata, Bengaluru Gold Rates
In Delhi, the rate for 24 kt gold stood at ₹ 1,52,340, while 22 kt was priced at ₹ 1,39,645. Mumbai recorded 24 kt at ₹ 1,52,600, and 18 kt at ₹ 1,14,450. Kolkata showed 24 kt gold at ₹ 1,52,380, and 22 kt at ₹ 1,39,682.
Tier 1 Metro Gold Price Benchmarks
Bengaluru reported 24 kt gold at ₹ 1,52,680, while Hyderabad was trading at ₹ 1,52,800 for 24 kt gold. Pune and Nashik recorded 24 kt gold at ₹ 1,52,600, marking consistent pricing in these hubs.
Spot Rates for Silver Across Major Cities
In Delhi, the current rate for silver is ₹ 2,421 for 10 gm and ₹ 2,42,130 for 1 kg. Mumbai maintains a rate of ₹ 2,426 for 10 gm and ₹ 2,42,550 for 1 kg. Chennai shows a slightly higher rate at ₹ 2,436 for 10 gm.
Jaipur reported silver at ₹ 2,425 for 10 gm and ₹ 2,42,510 for 1 kg. Bengaluru's rate for silver is ₹ 2,430 for 10 gm, while Hyderabad reported ₹ 2,432 for 10 gm.
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