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If you are planning to buy gold or silver during the wedding season, then today is no less than a jackpot for you. On April 23, 2026, a sharp fall in the prices of gold and silver has been recorded in the Indian market. The strength of the dollar in the global market and the fluctuations in crude oil prices have directly affected your pocket, due to which the prices of precious metals have come down.

Heavy fall in gold and silver on MCX

Selling pressure is being seen on Multi Commodity Exchange (MCX) since this morning. According to the data at 10:22 am, gold with expiry of June 5, 2026 is 0.44% i.e. Rs 674 with a decline of Rs 1,51,983 But was doing business. Gold touched a low of Rs 1,51,719 during trading today. At the same time, a tremendous ‘crash’ has been seen in silver. Silver contract for May 5, 2026 is 1.64% i.e. Rs 4,076 breaking down Rs 2,44,288 Per kg.

What is the price of 24-karat gold in your city?

There has been a change in the prices of gold in big cities of the country. 24-carat gold in Delhi today Rs 1,51,870 But it is being sold. Its price in Mumbai Rs 1,52,130 and in Kolkata Rs 1,51,970 Per 10 grams. Talking about South India, gold is most expensive in Chennai. Rs 1,52,290 While the prices in Bengaluru and Hyderabad Rs 1,52,290 to Rs 1,52,410 Made between.

The shine of silver also faded

The fall in silver prices has given great relief to the buyers. silver in mumbai Rs 2,45,300 per kg level, whereas in Delhi it is Rs 2,44,620 But getting it. silver price in chennai Rs 2,45,130 and in Hyderabad Rs 2,45,320 Is. This is for silver lovers in Kolkata Rs 2,44,610 Will be found near.

Why are prices falling?

The biggest villain behind this fall in gold and silver dollar index There is a strength of 0.11% and has crossed 98.50. Actually, due to increasing tension between America and Iran, the prices of crude oil (Brent Crude) are on fire and it has reached $ 103 per barrel. Due to the cost of crude oil, the demand for dollars has increased globally, due to which gold and silver are suffering the consequences.

Global market situation

Not only in India, but also in the international market (COMEX) the shine of precious metals has faded. On Comex, gold fell 0.68% to $ 4,720 an ounce and silver fell 2.43% to $ 76 an ounce. Experts say that as long as this tug of war between crude oil and dollar continues, similar fluctuations can be seen in the prices of gold.