Gold prices continued their downward trajectory on Monday, trading in the red on the Multi Commodity Exchange (MCX) and extending losses as investors rushed to book profits. The precious metal slumped by a significant 6%, shedding nearly Rs 9,700 per 10 grams on MCX, which triggered lower circuit limits amid heightened selling pressure.
Third Consecutive Day of Declines
This decline marks the third consecutive day of losses for gold futures, following a strong rally last month that had propelled both gold and silver to record highs. The recent downturn reflects a shift in market sentiment as traders capitalize on previous gains.
Futures Market Performance
On the futures market, gold futures for delivery on April 2, 2026, weakened considerably, falling by Rs 4,252, or 3%, to settle at Rs 1,43,501 per 10 grams. This pressure comes after the yellow metal tumbled in the previous trading session, indicating sustained bearish momentum.
In parallel, MCX silver futures also experienced a sharp decline, dropping by Rs 26,273, or 9%, to close at Rs 2,65,652 per kilogram. Meanwhile, gold April contracts slipped by 3%, or Rs 4,592, to finish at Rs 1,47,753 per 10 grams, highlighting the broad-based weakness in precious metals.
Gold Prices Across Major Indian Cities
Here is a detailed look at how much gold costs in various cities across India today, reflecting the impact of the MCX downturn on retail prices:
Ahmedabad
In Ahmedabad, 22-karat gold is priced at Rs 13,895 per gram, while 24-karat gold stands at Rs 15,158 per gram.
Bangalore
In Bangalore, 22-karat gold is available at Rs 13,890 per gram, while 24-karat gold is priced at Rs 15,153 per gram.
Bhubaneswar
In Bhubaneswar, the price of 22-karat gold stands at Rs 13,890 per gram, while 24-karat gold is priced at Rs 15,153 per gram.
Chennai
In Chennai, 22-karat gold is priced at Rs 13,950 per gram, while 24-karat gold stands at Rs 15,218 per gram.
Delhi
In Delhi, 22-karat gold is available at Rs 13,905 per gram, while 24-karat gold is priced at Rs 15,168 per gram.
Hyderabad
In Hyderabad, 22-karat gold is priced at Rs 13,890 per gram, while 24-karat gold stands at Rs 15,153 per gram.
Jaipur
In Jaipur, the price of 22-karat gold stands at Rs 13,905 per gram, while 24-karat gold is priced at Rs 15,168 per gram.
Kanpur
In Kanpur, 22-karat gold is available at Rs 13,905 per gram, while 24-karat gold stands at Rs 15,168 per gram.
Kolkata
In Kolkata, 22-karat gold is priced at Rs 13,890 per gram, while 24-karat gold is available at Rs 15,153 per gram.
Mumbai
In Mumbai, 22-karat gold is priced at Rs 13,890 per gram, while 24-karat gold stands at Rs 15,153 per gram.
The widespread price adjustments across cities underscore the ripple effect of the MCX downturn, with minor variations based on local factors such as demand, taxes, and logistics. Investors and consumers alike are closely monitoring these trends as the precious metals market navigates through this volatile phase.
