The precious metals market has witnessed a significant shift as gold and silver prices faced renewed pressure during the past week. 50 lakh per 10 grams. 33 lakh per kilogram. 50 lakh per kilogram mark.
Detailed Breakdown of Domestic Gold Rates
As of April 5, the price for 24 carat gold was recorded at 15,093 per gram. This brings the cost of 10 grams of 24 carat gold to 1,50,930 and the price for 100 grams to 15,09,300. Interestingly, the reports indicate that there was no change in the price of 24 carat gold compared to the previous day's closing. For those looking at 22 carat gold, which is commonly used for jewelry, the price stood at 13,835 per gram. Consequently, 10 grams of 22 carat gold is priced at 1,38,350, and 100 grams is available for 13,83,500. Also, 18 carat gold is being traded at 11,320 per gram, making the price for 10 grams 1,13,200.
Expert Analysis on MCX Gold Outlook
, who serves as the CEO of Enrich Money, has provided a detailed technical outlook for MCX gold, while 50 lakh level. , if the price manages to sustain and stay above the 1,52,000 level, we could see a resurgence in strength. This could potentially push the prices toward the 1,54,000 to 1,55,000 range. If the bullish momentum continues, the market might even witness levels of 1,56,000 to 1,58,000. On the flip side, if the price drops below the 1,48,000 support level, it could lead to further pressure, potentially dragging the prices down to the 1,47,000 to 1,46,000 range. It's important to note that these are technical estimates and not guaranteed prices.
Silver Market Volatility and Resistance Levels
Silver has also experienced its share of volatility, trading within the range of 2,32,000 to 2,34,000. Experts have identified the 2,33,000 to 2,34,000 range as immediate resistance. If silver prices break through and stabilize above this resistance, the next targets could be in the 2,37,000 to 2,40,000 range. However, if the price falls below the 2,30,000 support mark, silver could slide further to 2,26,000 or 2,28,000, and in a more bearish scenario, it might even touch the 2,22,000 level.
Impact of the Upcoming RBI Monetary Policy Meeting
The market is currently awaiting signals from the Reserve Bank of India's (RBI) upcoming three-day monetary policy meeting. This meeting is scheduled to take place from April 6 to April 8, 2026. This will be the first bi-monthly monetary policy meeting for the fiscal year 2026-2027.25 percent without any changes. Any decision regarding interest rates typically has a direct impact on precious metals like gold and silver. In addition to the RBI's stance, other factors such as the strength of the US dollar, crude oil prices, and various global developments will continue to influence the price trajectory of these metals in the coming days.