Gold, Silver Prices Decline on April 23; Gold Down ₹927, Silver Falls ₹4,700

Brief By Newsbrief / 5:07 PM on 23 Apr 2026

Gold and silver prices witnessed a notable decline on April 23, reversing some of their recent gains, according to data from the India Bullion and Jewellers Association. The price of 24-carat gold dropped by ₹927, settling at around ₹1.51 lakh per 10 grams. Silver recorded a sharper fall, plunging ₹4,700 to approximately ₹2.43 lakh per kilogram.

Despite this short-term correction, both precious metals continue to trade significantly higher compared to the beginning of 2026. Gold has surged by nearly ₹18,000 this year, while silver has gained around ₹13,000 over the same period, reflecting strong underlying demand and global market trends.

Analysts attribute the recent dip to temporary fluctuations and profit-booking after recent highs. Although prices have retreated from peak levels, market sentiment remains firm, suggesting that precious metals may continue to hold value amid economic uncertainties.