Gold prices in the national capital rose sharply by ₹2,000 on Thursday, reaching ₹1,54,800 per 10 grams of 99.9% purity. This increase was fueled by positive trends in global markets and a declining US dollar, according to the All India Sarafa Association.
The yellow metal’s price jumped by 1.31%, up from the previous closing of ₹1,52,800 per 10 grams, including all taxes. “Gold rebounded from a one-month low, showing modest gains as a weaker US dollar and easing Treasury bond yields provided short-term support,” stated Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
The weakening dollar and bond yields contributed to price stabilization after a recent downturn, while bargain buying near key support levels aided the recovery.
In contrast, silver prices fell, declining by ₹1,800 or nearly 1% to ₹2,42,700 per kilogram, down from ₹2,44,500 per kg, as reported by the association.
Internationally, spot gold prices increased by USD 91.80, or 2.02%, reaching USD 4,635.52 per ounce, while silver saw a rise of 3.31% to USD 73.69 per ounce. The dollar index decreased by 0.27% to 98.69 in the futures market, making bullion more appealing for investors holding other currencies.
Amidst these developments, the US Federal Reserve maintained interest rates, as anticipated, though discord among policymakers signified uncertainty regarding the economic outlook. Fed Chair Jerome Powell mentioned that the central bank is not currently inclined towards further rate hikes, which supports precious metals.
Market participants are now looking to the European Central Bank for additional insights on monetary policy, which could influence bullion prices moving forward.
The information is current as of April 30, 2026.
