While the initial ceasefire announcement on 8 April triggered a sharp relief rally to three-week highs (~$4,888), prices have since consolidated as markets weigh the fragile truce against persistent inflation concerns. International markets are currently closed for the weekend, but spot prices ended the trading week with a modest gain of approximately 2%. Domestic rates in India saw a recovery today, gaining approximately ₹490 per 10 grams for 24K gold as demand returned during the weekend.

International Gold Rates Today

• Spot Gold: ~$4,751.68 per ounce | ~$152.80 per gram
• Weekly Trend: Gold gained approximately 2% over the week
• Market Sentiment: Relief from falling crude oil prices (down over 15% post-ceasefire) initially supported gold by weakening the US dollar, though "mixed messaging" regarding the durability of the peace talks led to profit-booking later in the week

Domestic Gold Prices (India) - 12 April 2026

Domestic rates in India saw a recovery today, gaining approximately ₹490 per 10 grams for 24K gold as demand returned during the weekend.

• 24K Gold (99.9% Purity): ₹15,284 per gram | ₹1,52,840 per 10 grams
• 22K Gold (91.6% Purity): ₹14,010 per gram | ₹1,40,100 per 10 grams
• 18K Gold (75% Purity): ₹11,463 per gram | ₹1,14,630 per 10 grams

Note: Retail prices at jewellers like Tanishq or Malabar Gold will include an additional 3% GST and making charges ranging from 5% to 35%.

City-wise Gold Rates (per 10 grams)

Delhi

• 24K Gold: ₹1,52,990
• 22K Gold: ₹1,40,250
• 18K Gold: ₹1,14,780

Mumbai

• 24K Gold: ₹1,52,840
• 22K Gold: ₹1,40,100
• 18K Gold: ₹1,14,630

Chennai

• 24K Gold: ₹1,53,820
• 22K Gold: ₹1,41,000
• 18K Gold: ₹1,17,600

Bangalore

• 24K Gold: ₹1,52,840
• 22K Gold: ₹1,40,100
• 18K Gold: ₹1,14,630

Hyderabad

• 24K Gold: ₹1,52,840
• 22K Gold: ₹1,40,100
• 18K Gold: ₹1,14,630

Kolkata

• 24K Gold: ₹1,52,840
• 22K Gold: ₹1,40,100
• 18K Gold: ₹1,14,630

Pune

• 24K Gold: ₹1,52,840
• 22K Gold: ₹1,40,100
• 18K Gold: ₹1,14,630

Ahmedabad

• 24K Gold: ₹1,52,890
• 22K Gold: ₹1,40,150
• 18K Gold: ₹1,14,680

Jaipur

• 24K Gold: ₹1,52,990
• 22K Gold: ₹1,40,250
• 18K Gold: ₹1,14,780

Lucknow

• 24K Gold: ₹1,52,990
• 22K Gold: ₹1,40,250
• 18K Gold: ₹1,14,780

Major Indian City Rates (per 10g 24K)

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

Market Summary

• Weekly Performance: Gold gained approximately 2% over the week despite profit-booking later in the week
• Ceasefire Impact: The initial ceasefire announcement triggered a sharp relief rally to three-week highs (~$4,888)
• Key Drivers: Relief from falling crude oil prices weakened the US dollar, supporting gold; however, mixed messaging on peace talks led to consolidation
• Investment Outlook: With the correction in place, some investors are looking at Gold ETFs or Sovereign Gold Bonds (SGB) to avoid the high making charges of physical jewellery

Peace Talks & Market Drivers

• Islamabad Negotiations: Traders are closely watching the first round of peace talks in Pakistan, where Iran's 10-point proposal is being discussed
• Strait of Hormuz: Transit through the chokepoint remains cautious; only a few tankers have passed in the first days of the ceasefire, keeping a "risk premium" in the market
• Inflation & Fed: While lower oil prices ease some pressure, investors await further US inflation data to confirm if the Federal Reserve will stick to its high-interest-rate path, which historically pressures non-yielding gold

Can Gold Prices Rise Again?

• Technical Levels: Support at $4,700 per ounce; resistance at $4,800
• Peace Talks Outcome: Any breakdown in negotiations could renew safe-haven demand
• 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

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.