Gold Price Today After US–Iran Conflict Eases
Gold And Silver Rate on Thursday, April 23, 2026: Gold and silver prices in India showed a mixed trend on April 23, 2026, reflecting a tug-of-war between global cues and domestic demand. While international bullion prices attempted a mild recovery, retail gold rates in major Indian cities continued to remain under pressure after a sharp three-day decline.
The latest price trend in the gold market has been influenced primarily by geopolitical events between the US and Iran. The US President, Donald Trump, extended the ceasefire agreement with Iran, bringing down tensions in the region considerably. Normally, gold is considered a “safe haven” investment during such uncertain times. However, once peace returns, people invest in higher-risk assets such as stocks.
At the same time, uncertainty hasn’t completely disappeared. Failed follow-up peace talks and lingering macroeconomic concerns — such as inflation and currency fluctuations — have prevented a steep fall in prices, keeping a floor under bullion.
As of now, gold prices have witnessed a slight decline in the following key Indian cities:
Delhi: ₹1,54,890/10 grams
Mumbai: ₹1,54,740/10 grams
This follows a sharp decline by nearly ₹300 in the price of 24-carat gold in Delhi during the previous session. In just three days, gold price correction has been sharp, with 24-carat gold having lost ₹10,300 per 100 grams over this period.
24-carat gold: ₹15,474
22-carat gold: ₹14,184
Gold price varies according to the city, based on local taxes and other factors:
Delhi: 24K – ₹15,489 | 22K – ₹14,199
Mumbai: 24K – ₹15,474 | 22K – ₹14,184
Kolkata: 24K – ₹15,474 | 22K – ₹14,184
Chennai: 24K – ₹15,545 | 22K – ₹14,249
Chennai continues to have the maximum gold prices in metro cities. On the other hand, gold prices in Mumbai and Kolkata have remained more or less similar.
While being considered both an industrial and precious metal, silver saw a slight rise in its prices in Indian markets:
Silver 999 (All-India): ₹2,64,900/kg
Silver 925: ₹2,64,000/kg
Per 10 grams, silver prices have been:
Delhi, Mumbai, Kolkata: ₹2,649
Chennai: ₹2,749
The higher rate of silver in Chennai can be attributed to their high demand in the region for heavier jewelry items made using silver metal.
In the futures market, bullion prices continued to witness some strength at the following levels on the Multi Commodity Exchange of India (MCX):
Gold June 2026 futures contract: ₹1,53,335/10 grams
Gained by approximately ₹721
The international market saw spot gold at around $4,742 to $4,750 an ounce. After a few weeks of sharp falls in prices, the trend in spot gold prices indicates some stabilization. However, any rally in gold prices is capped by cooling geopolitical risks that have curtailed safe-haven demand, the strength of the US dollar that makes gold costlier for buyers around the world, and the improved equity markets, which attract investors into risky investments.
The current scenario presents both opportunities and risks for ordinary Indian buyers. Some of these points can be considered as:
Buyers of jewellery: Decreasing prices will be a good time for purchasing before festivals
Investors: With increased levels of volatility, one should practice caution while prices respond to international news
Buyers of silver: Prices are higher because of industrial demand, etc.
These factors, among others, help to understand the trends in prices on any particular day:
Prices of gold and silver in India on April 23, 2026, indicate a volatile market scenario. Geopolitical issues that have contributed to declining prices in the past week will continue to influence the demand for the two precious metals in the near future. However, rallies will continue to sustain themselves on account of other risks.
(Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult a financial advisor before making any investment decisions.)
Priyanka Roshan is a business writer and assistant editor at the NewsX website who tracks everything from stock market swings and corporate earnings to personal finance trends and policy shifts. Known for turning fast-moving business developments into sharp, reader-friendly stories, she combines speed, accuracy, and a data-driven approach to break down complex financial news for everyday audiences.
With over 9.5 years of newsroom experience, Priyanka has worked with leading media organisations, including Moneycontrol, Times Now, and Ping Digital, covering diverse beats such as business, politics, technology, auto, travel, sports, and the world. From live breaking news desks to SEO-led digital storytelling, she specialises in creating engaging content that keeps readers informed without overwhelming them.
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