While the diplomatic breakthrough initially sent prices to 3-week highs, current market sentiment has cooled due to uncertainties regarding the truce’s stability. Reports of continued restrictions at the Strait of Hormuz-where just 5 vessels passed compared to the pre-war average of 140-have kept safe-haven demand simmering. Investors are now focusing on upcoming US inflation data (CPI) to gauge the Federal Reserve’s next interest rate move, which directly impacts non-yielding gold.

International Gold Rates Today

• Spot Gold (XAU/USD): Trading at approximately $4,743.50 per ounce
• Daily Trend: Prices saw a marginal decline of roughly 0.5% - 1% as traders booked profits after the initial 3% surge following the ceasefire
• Market Sentiment: Investors are now focusing on upcoming US inflation data (CPI) to gauge the Federal Reserve’s next interest rate move, which directly impacts non-yielding gold
• Geopolitical Context: Reports of localized strikes and allegations of agreement breaches by both sides have kept safe-haven demand simmering

Domestic Gold Prices (India) - 10 April 2026

In the domestic market, gold prices have retreated from their post-ceasefire highs of ₹1.53 lakh, dropping by approximately ₹2,340 per 10 grams across major cities today.

• 24K Gold (99.9% Purity): ₹15,148 per gram | ₹1,51,480 per 10 grams
• 22K Gold (91.6% Purity): ₹13,885 per gram | ₹1,38,850 per 10 grams
• 18K Gold (75% Purity): ₹11,361 per gram | ₹1,13,610 per 10 grams

Note: These prices are sourced from major jewellers and reflect the market rate; final purchase prices will include a 3% GST and additional making charges (5%-35%).

City-wise Gold Rates (per 10g 24K)

Indian Major Cities Gold Rates Today (per gram)

Gold Rate in India for Last 10 Days (1 gram)

Market Summary

Ceasefire Impact

• While the ceasefire initially triggered a sharp rally, uncertainties regarding the truce’s stability have led to profit-taking
• Reports of continued restrictions at the Strait of Hormuz-just 5 vessels passed compared to the pre-war average of 140-have kept safe-haven demand simmering

Key Drivers of the Correction

• Profit Booking: Traders booked profits after the initial 3% surge following the ceasefire announcement
• Fragile Peace: Reports of localized strikes and allegations of agreement breaches by both sides have created market uncertainty
• US Inflation Data: Investors are awaiting the US Consumer Price Index (CPI) report for March, which is projected to show a substantial increase, with headline inflation rising from 2.4% to 3.3%

Gold Technical Analysis

According to market analysts, gold’s recovery stalled near $4,800 despite forming a shooting star pattern on Wednesday.

• Resistance Levels: $4,800, then $4,857 (April 8 high), followed by $4,900 and $5,000
• Support Levels: $4,690 (20-day SMA), then $4,656 (100-day SMA), followed by $4,553 (April 2 low)

The Relative Strength Index (RSI) shows buyers are gathering momentum as the index cleared the neutral 50 level, suggesting underlying bullish sentiment remains.

Can Gold Prices Rise Again?

• Technical Levels: Support at $4,690 per ounce; resistance at $4,800
• Ceasefire Duration: The two-week window is temporary; any breakdown could trigger another safe-haven rally
• Fed Rate Expectations: Easing inflation from lower oil prices could lead to rate cuts, a positive for gold
• Central Bank Buying: Continued accumulation by global central banks provides long-term support
• Buy on Dips: Analysts suggest a “buy on dips” strategy as long-term targets remain bullish toward $5,000/oz by late 2026

Key Considerations for Buyers

• GST: 3% applicable on gold value
• Making Charges: Typically range from 5% to 35% for jewellery
• Investment Options: Gold ETFs or Sovereign Gold Bonds (SGB) help avoid high making charges of physical jewellery

Disclaimer: Gold rates are indicative and exclude GST/TCS/levies. Final purchase prices include 3% GST and making charges. Please verify with local jewellers for exact pricing.