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3 min read | Updated on April 07, 2026, 19:43 IST
SUMMARY
On Monday, the Centre slashed the base import prices of gold and silver. As per the notification by the Central Board of Indirect Taxes and Customs (CBIC), the base import price of gold has been lowered by about $50 to $1,518 per 10 grams

If you are someone who is tracking gold price closely, you must be knowing that gold prices vary across cities as well as brands. Image: Shutterstock.
After rising above ₹1,51,500 per 10 gm in early April, gold prices are again seen falling. On April 7, 2026 (Tuesday), 24 carat gold is retailing at ₹1,49,410 per 10 gm, while 22 carat gold is priced at ₹1,36,980 per 10 gm.
Gold prices fluctuate on a daily basis in India, owing to a set of factors, including demand-supply, international price movement, and rupee-dollar exchange rate among others.
On Monday, the centre slashed the base import prices of gold and silver. As per the notification by the Central Board of Indirect Taxes and Customs (CBIC), the base import price of gold has been lowered by about $50 to $1,518 per 10 grams, while for silver prices were cut by more than $800 to $2,657 per kilogram.
The reduction in import costs is likely to support domestic gold demand.
If you are someone who is tracking gold price closely, you must be knowing that gold prices vary across cities as well as brands. Here we list the price of gold across brands.
Tanishq: 22 carat gold is priced at ₹1,37,750 per 10 gm, while the price of 24 carat gold is ₹1,50,270.
Joyalukkas: 22 carat gold is priced at ₹1,37,3500 per 10 gm
Kalyan Jewellers: 22 carat gold is priced at ₹1,37,350 per 10 gm
Meanwhile, India Bullion and Jeweller’s Association (IBJA’s) indicative retail selling rates for gold jewellery are as below for today:
Fine Gold (999): ₹14779
22 carat : ₹14424
18 carat : ₹11971
14 carat : ₹9532
| City | 24 Carat | 22 Carat |
|---|---|---|
| Delhi | ₹1,49,410 | ₹1,36,980 |
| Mumbai | ₹1,49,270 | ₹1,36,840 |
| Kolkata | ₹1,49,250 | ₹1,36,820 |
| Chennai | ₹1,49,320 | ₹1,36,890 |
| Hyderabad | ₹1,49,280 | ₹1,36,850 |
| Pune | ₹1,49,270 | ₹1,36,840 |
| Bangalore | ₹1,49,350 | ₹1,36,920 |
Mirroring price movement internationally, gold prices on the MCX were trading lower. Gold futures for June delivery at around 11:30 am (IST) traded with a cut of 0.23% or Rs 352 at Rs 1,49,629 per 10 gm. The investor sentiment took a hit amid escalating war in the Middle East and rising crude oil price.
Importantly, US President Donald Trump has set 8 p.m. EDT Tuesday as the deadline for reopening the Strait of Hormuz, failing which Iran is warned of dire consequences. And amid heightened uncertainty, investors continued to remain on edge.
Meanwhile, oil prices also extended gains and traded above $110 per barrel amid disruption in energy supply. Even as inflationary concerns favour gold, the precious yellow metal continued its southward journey as higher-for-longer interest rates in the economy dampen the appeal of non-interest-yielding bullion. Traditionally gold is viewed as a hedge against inflation.
Internationally, gold price remained steady, with spot gold trading with a positive bias at around $4,653.14 per ounce, up 0.06% at 12:43 pm (IST). US gold futures for June delivery edged lower by 0.17% to $4,676.9 per ounce.
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