Following the massive buying seen on the major festival of Akshaya Tritiya, the bullion market across the country is now experiencing a slight slowdown. On April 20, 2026, both gold and silver prices recorded a slight decline. While this decline is not significant, it is being considered an important indicator for understanding the market's future after the festival.
Slight decline in gold prices
Today there has been a slight softening in gold prices.
24 carat gold has reached around ₹1,55,770 per 10 grams
22 carat gold remains at around ₹1,42,790 per 10 grams
18 carat gold is trading at around ₹1,16,830 per 10 grams
This drop in prices is very small, but it indicates that demand has slowed down a bit after Akshaya Tritiya.
Latest gold rates in major cities
There is a slight difference in the price of gold in major cities of the country.
24 carat gold in Delhi is around ₹15,592 per gram
Around ₹15,577 per gram in Mumbai and Kolkata
Highest in Chennai at ₹15,665 per gram
Around ₹15,741 per gram in Patna and Ranchi
It is clear from this that there is difference in prices in different cities due to taxes and local demand.
Silver also became cheaper
Along with gold, the price of silver has also seen a decline.
The price of 1 kg silver has come down to around ₹2,74,900.
Silver is trading around ₹274.90 per gram
Industrial demand and international market have a direct impact on silver prices, hence there is a little more fluctuation in it.
Silver rates across cities
₹2,74,900 per kg in Delhi, Mumbai and Kolkata
Around ₹2,79,900 per kg in Chennai
Around ₹2,80,000 per kg in Patna and Ranchi
Is it right to buy gold now?
Experts believe that stabilizing prices after the festival season could be a good sign for investors. If you're looking to invest for the long term, this could be an opportune time to start buying slowly.
However, further market movements will depend on global economic conditions, dollar position and interest rates.
After the heavy demand of Akshaya Tritiya, the market has cooled down a bit. While gold and silver prices have declined slightly, they remain high. Therefore, it's important to understand the market's direction before investing.
