Gold Prices Dip Slightly on April 2, 2026, as Major Retailers Report Lower Rates Gold prices experienced a marginal decline on April 2, 2026, marking a welcome development for buyers. Leading jewellery brands such as Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, Joyalukkas, and the India Bullion and Jewellers Association Ltd. (IBJA) reported reduced rates for 22-karat gold across major cities including New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru. The downward trend was observed in both 22-karat and other purity levels, with prices showing slight adjustments compared to the previous day. The decline in gold prices was attributed to a combination of factors, including a temporary easing of demand and macroeconomic pressures. Experts noted that while gold and silver rates are expected to remain volatile in the short term, they are likely to stay within a range-bound framework. This is due to the ongoing balance between safe-haven demand and broader economic challenges. For 22-karat gold, the latest rates from major retailers reflected the following changes: Tanishq priced 22-karat gold at Rs 13,920 per gram on April 2, 2026, down from Rs 14,060 per gram on April 1. Kalyan Jewellers adjusted its rate to Rs 13,880 per gram, compared to Rs 13,885 per gram the previous day. Malabar Gold & Diamonds also saw a marginal drop, with rates at Rs 13,880 per gram on April 2, down from Rs 13,885 per gram on April 1. Joyalukkas reported a similar decline, with 22-karat gold priced at Rs 13,880 per gram on April 2, compared to Rs 13,885 per gram on April 1. IBJA’s indicative retail selling rates for gold jewellery on April 2, 2026, provided further insight into the market movement. The association’s data showed a notable decrease in prices for various gold purities.#malabar_gold_diamonds #kalyan_jewellers #ibja #tanishq #joyalukkas
Gold prices rebound as technical support zones hold amid geopolitical calm Gold and silver prices showed a slight rebound on March 24, 2026, as market participants adjusted to reduced geopolitical tensions following U.S. President Donald Trump’s indication of pausing strikes on Iran. Analysts noted that the current price levels for gold and silver have established strong technical support zones, which are unlikely to break without new macroeconomic or geopolitical developments. Experts highlighted that while volatility remains, the recent lows for gold near Rs 1,30,000 per gram and silver near Rs 2,00,000 per gram are supported by oversold conditions and short-covering activity. Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd, stated that the pause in strikes on Iran has eased immediate risks, allowing precious metals to stabilize. The latest gold rates from major Indian jewelry brands on March 24, 2026, reflected slight variations. Tanishq priced 22k gold at Rs 12,905 per gram in Bengaluru, Mumbai, and Chennai, while Kalyan Jewellers and Malabar Gold & Diamonds listed it at Rs 12,865 per gram. Joyalukkas also quoted Rs 12,865 per gram for 22k gold. IBJA, the Indian Bullion Jewellers Association, provided indicative retail selling rates for gold jewelry, with 24k gold (fine gold 999) priced at Rs 13,951 per gram on March 24, 2026. Other gold purities included 22k at Rs 13,617 per gram, 20k at Rs 12,417 per gram, 18k at Rs 11,301 per gram, and 14k at Rs 8,999 per gram. Silver prices stood at Rs 2,19,260 per kg. A comparison of IBJA rates between March 23, 2026, and March 24, 2026, showed minor declines across all gold purities, with 24k gold dropping by Rs 6, 22k by Rs 5, 20k by Rs 5, 18k by Rs 4, and 14k by Rs 3. These adjustments reflect minor fluctuations in the market.#us_president_donald_trump #ibja #prithviraj_kothari #riddisiddhi_bullions_ltd #tanishq
Will gold and silver prices rise again after the US-Israel-Iran war? Here's what SBI Research says Gold and silver prices have declined sharply amid the ongoing conflict between the US, Israel, and Iran, despite expectations that geopolitical tensions would drive demand for safe-haven assets. According to SBI Research, the precious metals may experience a "smart recovery" once the conflict subsides, though current trends show a significant drop in prices. The India Bullion and Jewellers Association (IBJA) reported that the price of 10-gram 24-carat gold fell 10.37% in seven days, dropping from ₹1,55,714 on March 16 to ₹1,39,569 on March 23, 2026. Silver prices also declined by 11.24%, falling from ₹2,48,711 per kg on March 16 to ₹2,19,260 on March 23. This decline contrasts with historical patterns where gold and silver often rise during periods of geopolitical instability. The drop in prices is attributed to a combination of factors, including the strengthening of the US dollar (USD) and reduced investor demand. A stronger USD typically diminishes the appeal of commodities priced in dollars, including gold and silver. During the conflict, the USD reached a record high, which has pressured the prices of these metals. SBI Research noted that the conflict has led to heavy sell-offs by investors, with the USD's dominance exacerbating the decline. The report highlighted that while geopolitical tensions often boost demand for gold and silver, the current situation has been marked by a "sudden assault" from the conflict and uncertainty over industrial demand. Despite the recent downturn, the report suggests that the market could rebound once the conflict concludes. SBI Research predicts that countries may need to inject liquidity to revive economic activity, which could boost demand for gold and silver.#us #iran #israel #sbi_research #ibja
