Gold Silver Rate Today (April 24): Check Current Rates Across Major Cities In India

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Key points generated by AI, verified by newsroom

• Gold and silver prices declined on Friday.
• Stronger dollar, rising bond yields pressured metals.
• Geopolitical uncertainty added to market caution.

Gold Silver Rate Today: Gold and silver prices traded lower on Friday, extending weakness in early trade as a stronger US dollar, rising bond yields and persistent geopolitical uncertainty weighed on sentiment.

On the Multi Commodity Exchange (MCX), gold futures for June 5 delivery opened 0.39 per cent, or Rs 594, lower at Rs 1,51,167 per 10 grams against the previous close of Rs 1,51,761. The metal later fell further to an intraday low of Rs 1,50,750, down Rs 1,011 or 0.66 per cent. It was last seen trading at Rs 1,51,449, lower by Rs 312 or 0.21 per cent, after touching a session high of Rs 1,51,457.

Silver also remained under pressure. MCX May 5 futures dropped as much as 0.95 per cent, or Rs 2,313, to hit an intraday low of Rs 2,39,200 per kg. The metal was later quoted at Rs 2,41,345, down Rs 168 or 0.07 per cent, with an intraday high of Rs 2,41,382.

Weakness was mirrored in global markets. COMEX gold slipped nearly 1 per cent to $4,684 per ounce, while COMEX silver declined around 1 per cent to $74.81 per ounce.

Analysts said bullion prices are facing pressure from a firm US dollar and elevated bond yields, which reduce the appeal of non-yielding assets like gold and silver. Rising crude oil prices, with Brent trading above $100 per barrel and up around 2 per cent, have further stoked inflation concerns.

Market sentiment also remained cautious amid ongoing geopolitical tensions in West Asia, including developments around the Strait of Hormuz and stalled US-Iran negotiations.

Higher oil prices are fuelling concerns over inflation and the possibility of interest rates staying elevated for longer, which tends to weigh on precious metals despite their traditional role as a hedge.

Meanwhile, domestic equity benchmarks Sensex and Nifty were also trading up to 1 per cent lower in early deals, reflecting broader risk aversion across markets.

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Gold Rates Across Major Cities In India On April 24