Bullion markets across India showed a divergent trend on 2 April 2026. Gold prices remained relatively stable with minor variations across major cities during mid-morning trading hours.
Meanwhile, silver prices recorded a significant decline across all tracked cities, indicating weak demand and negative global cues impacting the bullion segment. These movements are influenced by international price trends and domestic market activity.
Gold rates across major Indian cities remained steady with slight variations, reflecting balanced demand conditions. Price differences across regions continue due to local levies, logistics, and demand patterns.
| City | 24 Carat Gold (Per 10 Gm in ₹) | 22 Carat Gold (Per 10 Gm in ₹) |
| Chennai | 150,590 | 138,041 |
| Mumbai | 150,160 | 137,647 |
| Delhi | 149,900 | 137,408 |
| Kolkata | 149,960 | 137,463 |
| Bangalore | 150,270 | 137,748 |
| Hyderabad | 150,390 | 137,858 |
Silver prices declined sharply across all major cities, reflecting a consistent downward trend in the bullion market.
| City | Silver Rate (₹/Kg) | Change |
| Chennai | 231,640 | -12,490 (-5.12%) |
| Mumbai | 230,970 | -12,450 (-5.11%) |
| Delhi | 230,570 | -12,430 (-5.12%) |
| Kolkata | 230,660 | -12,430 (-5.11%) |
| Bangalore | 231,150 | -12,460 (-5.11%) |
| Hyderabad | 231,340 | -12,460 (-5.11%) |
Gold prices remained largely stable across all major cities, indicating steady demand and limited volatility in the domestic bullion market. The marginal variations suggest a balanced market without strong directional momentum.
In contrast, silver prices declined significantly across all regions, showing a synchronized downward trend. The sharp fall reflects weakening trader sentiment and possible pressure from global market trends.
Read More: SGB Tax Rules Changed: Will Sovereign Gold Bonds Still Deliver Tax-Free Returns After Budget 2026?
On 2 April 2026, gold prices across major Indian cities remained stable with minor fluctuations. Silver prices, however, saw a steep and uniform decline across all markets, signaling bearish sentiment in the bullion segment. Overall, the bullion market reflected stability in gold and weakness in silver.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Apr 2, 2026, 10:18 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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