Gold Prices Drop Below Rs 1.50 Lakh Amid Market Volatility

Brief By Newsbrief / 3:02 PM on 02 Apr 2026

Gold prices witnessed a sharp decline on April 2, falling below Rs 1.50 lakh per 10 grams amid heightened volatility in global and domestic markets. On the Multi Commodity Exchange (MCX), gold futures for June delivery dropped by over Rs 3,400, reflecting strong selling pressure. Prices fluctuated throughout the session, touching a high of Rs 1,52,490 before dipping to lower levels.

The downward trend was visible across major cities, with Raipur recording some of the lowest rates, while Kanpur and Lucknow reported comparatively higher prices. Analysts attribute the decline to uncertainty in global markets, shifting investor sentiment, and ongoing geopolitical tensions, particularly in West Asia.

Despite the fall, experts believe gold will continue to hold its appeal as a safe-haven asset. Market observers suggest that while short-term corrections may persist, prices are likely to remain above Rs 1 lakh per 10 grams in the near future.