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Gold Rate Today (April 23, 2026): Gold prices showed fresh volatility on Thursday, April 23, 2026, as global cues and geopolitical uncertainty continued to influence investor sentiment. Gold on the Multi Commodity Exchange (MCX), saw a weak opening, dropping 0.51 per cent or Rs 771 to Rs 1,51,886 per 10 grams. According to the latest data from the Indian Bullion and Jewellers Association (IBJA), the morning rate for 24-carat gold stood at Rs 1,52,116 per 10 grams. Meanwhile, the All India Sarafa Association reported 24-carat gold prices in Delhi at Rs 1,57,000 per 10 grams (including taxes), while Goodreturns placed the rate slightly lower at Rs 1,54,900 per 10 grams.

 

On Wednesday, gold prices in the Delhi bullion market fell by Rs 300 to Rs 1.57 lakh per 10 grams amid uncertainty surrounding the US-Iran peace talks. According to the All India Sarafa Association, gold of 99.9 percent (24 carat) purity fell by Rs 300 to Rs 1,57,000 per 10 grams (including all taxes). In the international markets, spot gold rose 0.48 percent to $4,742.97 per ounce.

In contrast, futures trade saw an upward move, with gold prices rising by Rs 1,879 to Rs 1,53,550 per 10 grams on Wednesday. On MCX, the June contract recorded a 1.24 per cent gain, with 8,393 lots traded. Globally, gold futures in New York rose by 1.30 per cent to $4,780.96 per ounce.

Expert Insights: What Lies Ahead?

Gold prices fell on Wednesday as plans for a second round of US-Iran talks failed, despite President Donald Trump extending the ceasefire, said Saumil Gandhi, senior analyst (commodities) at HDFC Securities, according to a PTI report. He said the lack of progress kept uncertainty high, supporting crude oil and dollar prices, while posing a hurdle for precious metals. Market participants will continue to react to developments, and price fluctuations will reflect a cautious "wait and watch" approach until more clear signals emerge.

Jatin Trivedi, Vice President (Commodities and Currency), Research and Analysis Department, LKP Securities, said in the report that gold opened higher and remained in a positive zone. This was supported by hopes of an ongoing ceasefire. However, US President Donald Trump's contradictory statements regarding extending the ceasefire have kept the market volatile. He said that mixed signals from global developments are creating uncertainty across all asset classes, leading to sharp but short-term fluctuations in gold prices. Trivedi said that the market's focus is now on the US Federal Reserve's monetary policy, which is coming on April 29, which will prove to be a key factor in determining the market direction.