The oil prices also increased after comments from the U.S. President about continued military action in Iran. These developments raised inflation concerns and changed expectations about interest rate cuts.

Gold rates remained flat in the national capital Delhi on Friday amid muted demand from jewellers and retailers, according to the All India Sarafa Association. The gold of 99.9 per cent purity stayed flat at Rs 1,51,500 per 10 grams (inclusive of all taxes).

According to the All India Bullion Association, the price of 24-carat gold in Delhi has dropped by Rs 3,500, settling at Rs 1,51,500 per 10 grams (inclusive of all taxes).

In the domestic market, on the Multi Commodity Exchange (MCX), gold futures also registered a marginal decline, falling by Rs 30 to stand at Rs 1,49,650 per 10 grams. Previously, it had closed at Rs 1,49,680 per 10 grams.

Gold Rate Today: Why the yellow metal price is falling

Traders said domestic prices moved in a narrow range due to a lack of fresh cues from global markets, which were closed on account of Good Friday. Subdued demand from local jewellers and retailers also kept prices unchanged, they added.

Market participants are now awaiting the reopening of overseas markets for further direction in bullion prices.

Gold's Trend

Gold prices are likely to remain highly volatile in the short term, with positive developments triggering sharp upward moves and negative news leading to equally steep declines. This pattern is expected to persist for some time, said Amit Goyal, Chief Global Strategist and Co-founder of Pace 360.

Gold rate today by IBJA

The India Bullion and Jewellers Association (IBJA) sets the daily "base price" of gold in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country. Below is a breakdown of gold prices based on different purity levels (carats) as defined by IBJA.

According to the IBJA, the gold rates today are as follows:

• 24-Carat Gold: Rs 146,608 per 10 grams
• 23-Carat Gold: Rs 146,021 per 10 grams
• 22-Carat Gold: Rs 134,293 per 10 grams
• 18-Carat Gold: Rs 109,956 per 10 grams
• 14-Carat Gold: Rs 85,766 per 10 grams

Gold rate today, April 4: What is the price of 24-carat gold today?

According to GoodReturns, the price of 24-carat gold stands at Rs 149,120 per 10 grams. Meanwhile, according to the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold declined to Rs 146,608 per 10 grams by the time the market closed on Thursday. Since the market remained closed on April 3 on account of Good Friday, this price will remain applicable. In the international market, spot gold fell to $4,591.52 per ounce.

Gold Rates Today in Major Indian Cities: City-wise 24K, 22K and 18K Gold rate (Per 10 Grams)

Gold price in Chennai today

Gold is priced in Chennai at Rs 1,49,990 per 10 grams for 24K, Rs 1,37,490 for 22K, and Rs 1,14,540 for 18K.

Gold price in Delhi today

In Delhi, the gold prices stand at Rs 1,51,080 per 10 grams for 24K, Rs 1,38,500 for 22K, and Rs 1,13,350 for 18K.

Gold price in Mumbai today

In Mumbai, gold is trading at Rs 1,50,930 per 10 grams for 24K, Rs 1,38,350 for 22K, and Rs 1,13,200 for 18K.

Gold price in Bangalore today

Gold in Bangalore is available at Rs 1,50,930 per 10 grams for 24K, Rs 1,38,350 for 22K, and Rs 1,13,200 for 18K.

Gold price in Kolkata today

In Kolkata, gold prices stood at Rs 1,50,930 per 10 grams for 24K, Rs 1,38,350 for 22K, and Rs 1,13,200 for 18K.

Gold price in Hyderabad today

In Hyderabad, the prices of gold were at Rs 1,50,930 per 10 grams for 24K, Rs 1,38,350 for 22K, and Rs 1,13,200 for 18K.

Gold price in Ahmedabad today

In Ahmedabad, gold prices were recorded at Rs 1,50,980 per 10 grams for 24K, Rs 1,38,400 for 22K, and Rs 1,13,250 for 18K.

Gold price in Jaipur today

In Jaipur, gold is priced today at Rs 1,51,080 per 10 grams for 24K, Rs 1,38,500 for 22K, and Rs 1,13,350 for 18K.

Gold price in Bhubaneswar today

In Odisha's Bhubaneswar, gold was at Rs 1,50,930 per 10 grams for 24K, Rs 1,38,350 for 22K, and Rs 1,13,200 for 18K.

Gold price in Lucknow today

Gold in Lucknow stands at Rs 1,51,080 per 10 grams for 24K, Rs 1,38,500 for 22K, and Rs 1,13,350 for 18K.

Gold price in Patna today

In Patna, gold price stands at Rs 1,50,980 per 10 grams for 24K, Rs 1,38,400 for 22K, and Rs 1,13,250 for 18K.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)

Read more news like this on www.etnownews.com