Gold rates in India resumed their upward trajectory over the weekend, marking a second straight session of gains after a sharp decline earlier this week.
The recovery follows a steep drop of nearly Rs 23,400 per 100 grams of 24K gold, with the latest trading session reflecting improved global sentiment and renewed buying interest amid ongoing US-Iran talks.
Gold Rate in India This Week
In the latest session, 24K gold rose to Rs 15,284 per gram, gaining Rs 49, while 22K gold climbed to Rs 14,010 per gram, up Rs 45. The recovery indicates a steady return of investor confidence after a volatile start to the week.
Check Latest 22K, 24K & 18K Gold Prices Per Gram
At the retail level, 24K gold prices showed gains across all quantities. The rate for 1 gram stood at Rs 15,284, compared to Rs 15,235 in the previous session. For 8 grams, the price increased to Rs 1,22,272, marking a rise of Rs 392. Similarly, 10 grams of 24K gold were priced at Rs 1,52,840, up by Rs 490. On a bulk scale, 100 grams of 24K gold reached Rs 15,28,400, reflecting a gain of Rs 4,900.
In the 22K segment, prices also moved higher in line with broader market trends. The rate per gram increased to Rs 14,010 from Rs 13,965. For 8 grams, the price rose to Rs 1,12,080, up by Rs 360, while 10 grams were priced at Rs 1,40,100, gaining Rs 450. On a larger scale, 100 grams of 22K gold climbed to Rs 14,01,000, registering an increase of Rs 4,500.
Meanwhile, 18K gold prices witnessed a moderate rise. The rate for 1 gram stood at Rs 11,463, up by Rs 37 from the previous session. The price of 8 grams increased to Rs 91,704, marking a gain of Rs 296, while 10 grams were priced at Rs 1,14,630, up by Rs 370. For 100 grams, the rate reached Rs 11,46,300, reflecting a rise of Rs 3,700.
Gold’s Weekly Performance: Sharp Swings Keep Investors Alert
Gold prices experienced a volatile yet upward-trending week, keeping investors actively engaged. The week began on April 5 with prices hovering just above Rs 15,100 per gram. This was followed by a mild correction, with rates dipping to around Rs 14,980 per gram on April 7, marking the weekly low.
However, sentiment turned sharply positive on April 8, when gold surged to nearly Rs 15,350 per gram, the highest level of the week. The rally was driven by strong buying interest, particularly in 24K gold. Prices briefly cooled on April 9, slipping back to around Rs 15,150 per gram, before regaining strength toward the weekend. By April 10 and 11, gold prices stabilised in the range of Rs 15,250 to Rs 15,300 per gram.
MCX Gold Price Records Weekly Gains Despite Volatility
On the domestic futures front, gold prices on the Multi Commodity Exchange (MCX) also reflected a positive trend. MCX gold settled at Rs 1,52,690 per 10 grams, registering a weekly gain of around 2% compared to the previous Friday’s close of Rs 1,49,650 per 10 grams. The rise was supported by consistent value buying and global cues.
Spot Gold Price Trends: COMEX Gold Holds Firm Above Key Levels
In the international market, COMEX gold ended the week at $4,787.40 per troy ounce, logging a gain of nearly 3%. According to Ponmudi R, CEO of Enrich Money, gold continues to trade within the $4,750-$4,800 range, maintaining support above key technical levels.
He noted that while safe-haven demand remains present, it has not yet been strong enough to trigger a decisive breakout. A drop below $4,725 could push prices toward the $4,700-$4,650 range, indicating potential downside risks.
Gold Price Weekly Outlook: Mildly Positive Bias With Key Levels in Focus
Looking ahead, the outlook for gold remains cautiously optimistic. Analysts suggest that while the overall bias is positive, sustained upward momentum will depend on a clear breakout above key resistance levels.
“On the downside, a break below Rs 1,52,000 can drag prices towards Rs 1,50,000 and Rs 1,48,000. The bias remains mildly positive, though a confirmed breakout is needed to sustain the move higher,” Ponmudi R said.