Gold & Silver Rate Today (29-04-2026) : MCX Gold Price Falls Below Rs 1.50 Lakh, Silver Up Mildly
Gold rates in India are under pressure on April 29,
as MCX gold price falls beneath Rs 1.50 lakh per 10 grams mark. The downside is limited and the market sentiment is broadly volatile. Silver rates in India are also struggling at MCX but with moderate gains. MCX silver is trading a little above Rs 2.43 lakh per 1Kg mark. The performance follows movement in the international prices, where spot gold is below $4,600 per ounce and spot silver is beneath 74 per ounce.
However, spot silver is also trading higher by nearly 1%. The precious metals are volatile despite the fall in crude oil prices. This is because even when US WTI Crude Oil and Brent Crude prices dipped on April 29, they are still trading at a higher rate above the 99 and 111 marks.
In the latest development at the Middle East, President Donald Trump stated that Iran called on the US to remove its naval blockade of the Strait of Hormuz, while the negotiations to end the conflict continue to be dangly. This has further escalated disruptions in the already tightening energy supplies from the Middle East.
The Strait of Hornuz shutdown has already impacted 20% of global oil and gas supply. IEA described this as the largest supply shock on record and hence the inflationary pressures intensify.
In the latest development at the Middle East, President Donald Trump stated that Iran called on the US to remove its naval blockade of the Strait of Hormuz, while the negotiations to end the conflict continue to be dandling. This has further escalated disruptions in the already tighten energy supplies from the Middle East.
The Strait of Hornuz shutdown has already impacted 20% of global oil and gas supply. IEA described this as the largest supply shock on record and hence the inflationary pressures intensify.
Gold prices in India on 29 April 2026
are being tracked close as the market continues to move within a narrow range, with benchmark bullion rates and retail jewelery prices showing only mild changes in the latest available session. After a marginal uptick in the previous update, the domestic gold market is now in a phase where even small price movements are becoming important for buyers waiting for a clearer direction.
For consumers comparing benchmark bullion levels with showroom quotes, the latest IBJA rates and 22K jewelry prices at Tanishq, Kalyan Jewelers, Malabar Gold & Diamonds and Joyalukkas remain the most important indicators across major Indian cities.
The latest trend in the domestic market suggests gold is still trading in a narrow band rather than making a sharp directional move. This kind of price action often creates a wait-and-watch mood among buyers, especially when benchmark bullion rates are holding near recent levels but not yet breaking decisively higher or lower. For jewelry buyers, such stages can still be important because even marginal changes in benchmark rates are often reflected quickly in showroom pricing. Global Cues Are Pulling Gold In Opposite Directions Gold is currently being influenced by a combination of supportive and restrictive factors. On one hand, lingering US-Iran tensions and uncertainty linked to the Strait of Hormuz continue to provide some support to bullion as a hedge against geopolitical risk. At the same time, a strong US dollar, elevated Treasury yields and expectations of prolonged Federal Reserve tightening are limiting gold’s upside. This is keeping the metal in a relatively controlled range, with market participants waiting for a stronger trigger before prices break out meaningfully.
Gold Price Today, 29 April 2026:
Gold prices in India eased on 29 April 2026 after a sharp rally earlier this month, giving buyers some breathing room ahead of the wedding and festive demand cycle. Domestic bullion rates slipped across purification levels, while global prices faced pressure from a stronger US dollar and rising crude oil prices. Even after today’s correction, 24K gold remains above ₹15,000 per gram, showing how elevated prices still are compared with previous months. Investors are now weighing inflation risks, geopolitical uncertainty and profit-booking trends.
International Gold Rates Today Spot Gold:
Near $4,626 Day Change: -1.1% Support Level: $4,600 Resistance Levels: $4,668 / $4,746 Trend remains cautious with geopolitical support but dollar pressure. Key Stats: Open: 4,679.1201 Prev Close: 4,681.8501 Major Indian Gold City Rates: 24K, 22K & 18K City / Region 24K Gold (1g) 22K Gold (1g) 18K Gold (1g) Delhi ₹15,108 ₹13,850 ₹11,335 Mumbai ₹15,093 ₹13,835 ₹11,320 Chennai ₹15,382 ₹14,100 ₹11,760 Bangalore ₹15,093 ₹13,835 ₹11,320 Hyderabad ₹15,093 ₹13,835 ₹11,320 Kolkata ₹15,093 ₹13,835 ₹11,320 Kerala ₹15,093 ₹13,835 ₹11,320 Pune ₹15,093 ₹13,835 ₹11,320 Ahmedabad ₹15,098 ₹13,840 ₹11,325 Vadodara ₹15,098 ₹13,840 ₹11,325 Jaipur ₹15,120 ₹13,870 ₹11,340 Lucknow ₹15,140 ₹13,880 ₹11,350 Noida ₹15,593 ₹14,295 ₹11,699 Gurugram ₹15,610 ₹14,310 ₹11,710 Ghaziabad ₹15,550 ₹14,255 ₹11,666 Faridabad ₹15,540 ₹14,240 ₹11,655
Gold Rates Today Spot Gold:
Near $4,626 Day Change: -1.1% Support Level: $4,600 Resistance Levels: $4,668 / $4,746 Trends remain cautious with geopolitical support but dollar pressure. Key Stats: Open: 4,679.1201 Prev Close: 4,681.8501 Major Indian Gold Cities Rates: 24K, 22K & 18K City / Region 24K Gold (1 g) 22K Gold (1 g) 18K Gold (1 g) Delhi ₹15,108 ₹13,850 ₹11,335 Mumbai ₹15,093 ₹13,835 ₹11,320 Chennai ₹15,382 ₹14,100 ₹11,760 Bangalore ₹15,093 ₹13,835 ₹11,320 Hyderabad ₹15,093 ₹13,835 ₹11,320 Kolkata ₹15,093 ₹13,835 ₹11,320 Kerala ₹15,093 ₹13,835 ₹11,320 Pune ₹15,093 ₹13,835 ₹11,320 ₹15,098 ₹13,840 ₹11,325 Vadodara ₹15,098 ₹13,840 ₹11,325 Jaipur ₹15,120 ₹13,870 ₹11,340 Lucknow ₹15,140 ₹13,880 ₹11,350 Noida ₹15,593 ₹14,295 ₹11,699 Gurugram ₹15,610 ₹14,310 ₹11,710 Ghaziabad ₹15,550 ₹14,255 ₹11,666 City ₹ 15,540 ₹ 14,240 ₹ 11,655
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