For the last few days, gold prices have risen to unimaginable heights, creating an air of anxiety among buyers. Quite coincidentally, gold rates have finally retreated, giving some relief to investors and jewelry lovers. If you had been waiting for an opportune time to buy gold, now seems to be that moment.
Gold Prices on the Downside on April 5, 2025
Gold prices fell sharply today, reportedly by as much as ₹17,400 per 100 grams, after having reached an all-time high in the bullion market yesterday. The various factors affecting this downward price action include sell-offs in global stock markets, rising US bond yields, and changing policy outlooks.
Current Gold and Silver Prices
Here’s the latest update on gold and silver rates
- 24-carat gold: ₹9,164 per gram (↓₹1,740 per 10 grams)
- 22-carat gold: ₹8,400 per gram (↓₹1,600 per 10 grams)
- 18-carat gold: ₹6,873 per gram (↓₹1,310 per 10 grams)
- Silver: ₹108 per gram (₹1,08,000 per kg)
Gold Rates in Other Major Cities
The dip in gold prices isn’t limited to Hyderabad. Here’s how gold is performing in other key cities:
Indore:
- 24K: ₹9,169/gram | 22K: ₹8,405/gram | 18K: ₹6,877/gram
New Delhi:
- 24K: ₹9,179/gram | 22K: ₹8,415/gram | 18K: ₹6,885/gram
Chandigarh:
- 24K: ₹9,179/gram | 22K: ₹8,415/gram | 18K: ₹6,885/gram
Jaipur:
- 24K: ₹9,179/gram | 22K: ₹8,415/gram | 18K: ₹6,885/gram
Kochi:
- 24K: ₹9,164/gram | 22K: ₹8,400/gram | 18K: ₹6,873/gram
Trends in Gold Futures and Markets
The domestic futures market is registering a huge drop. Prices in June gold futures on MCX fell by ₹350, with rates touching ₹89,715 for 10 grams and going down from yesterday’s record price of ₹91,423. Simultaneously, in May, silver futures, another drop of ₹1,600 left pricing at ₹92,835 per kg.
Gold-Silver Ratio Hits Fresh Two-Year High
A major shift in bullion markets has pushed the gold-silver ratio above 92, marking a new two-year high. Analysts in the markets feel that this widening ratio may indicate an impending correction in silver prices. Goldman Sachs continues to be bullish about gold in the long term but is cautious in its approach toward silver.