Gold Price Today, 8 April 2026: Gold prices have seen a significant decline following President Donald Trump’s announcement of a two-week ceasefire agreement with Iran. This diplomatic breakthrough has dramatically cooled the “war premium” that previously kept prices near historic highs, triggering a sharp sell-off in safe-haven assets. In the domestic market, gold prices have slumped for the second consecutive day, dropping by approximately ₹820 per 10 grams across most cities today.
International Gold Rates Today
- Spot Gold (XAU/USD): ~$4,705.31 per ounce
- Performance: The confirmed ceasefire announcement has led to overall price stability with a slight pullback from recent peaks as safe-haven demand evaporates
- Context: Gold had previously hit all-time highs above $5,600 in January 2026 during the height of the conflict but corrected as energy costs fueled dollar strength
- Market Sentiment: The diplomatic breakthrough has significantly cooled the “war premium” that previously kept prices near historic highs
Gold (GCW00) Price Chart
- Open: $4,678.60 | High: $4,694.90 | Low: $4,675.60
- Previous Close: $4,684.70 | Volume: 994 | Open Interest: 263,825
- Daily Change: +0.02%
Domestic Gold Prices (India) – 8 April 2026
Domestic rates have slumped for the second consecutive day as the geopolitical risk premium evaporates. Prices have dropped by approximately ₹820 per 10 grams across most cities today.
- 24K Gold (99.9% Purity): ₹14,984 per gram | ₹1,49,840 per 10 grams
- 22K Gold (91.6% Purity): ₹13,735 per gram | ₹1,37,350 per 10 grams
- 18K Gold (75% Purity): ₹11,238 per gram | ₹1,12,380 per 10 grams
Note: Domestic retail prices exclude 3% GST and additional making charges, which typically range from 5% to 35% depending on the jewellery design.
City-wise Gold Rates (per 10g 24K)
Delhi
24K Gold: ₹1,49,990 | 22K Gold: ₹1,37,490 | 18K Gold: ₹1,12,490
Mumbai
24K Gold: ₹1,49,840 | 22K Gold: ₹1,37,350 | 18K Gold: ₹1,12,380
Chennai
24K Gold: ₹1,51,200 | 22K Gold: ₹1,38,600 | 18K Gold: ₹1,13,400
Bangalore
24K Gold: ₹1,49,840 | 22K Gold: ₹1,37,350 | 18K Gold: ₹1,12,380
Hyderabad
24K Gold: ₹1,49,840 | 22K Gold: ₹1,37,350 | 18K Gold: ₹1,12,380
Kolkata
24K Gold: ₹1,49,840 | 22K Gold: ₹1,37,350 | 18K Gold: ₹1,12,380
Pune
24K Gold: ₹1,49,840 | 22K Gold: ₹1,37,350 | 18K Gold: ₹1,12,380
Ahmedabad
24K Gold: ₹1,49,890 | 22K Gold: ₹1,37,400 | 18K Gold: ₹1,12,430
Jaipur
24K Gold: ₹1,49,990 | 22K Gold: ₹1,37,490 | 18K Gold: ₹1,12,490
Lucknow
24K Gold: ₹1,49,990 | 22K Gold: ₹1,37,490 | 18K Gold: ₹1,12,490
Gold Rate in India for Last 10 Days (1 gram)
| Date | 24K Gold | 22K Gold |
|---|---|---|
| 08 Apr 2026 | ₹14,984 | ₹13,735 |
| 07 Apr 2026 | ₹15,066 | ₹13,810 |
| 06 Apr 2026 | ₹15,093 | ₹13,835 |
| 05 Apr 2026 | ₹15,093 | ₹13,835 |
| 04 Apr 2026 | ₹15,093 | ₹13,835 |
| 03 Apr 2026 | ₹15,093 | ₹13,835 |
| 02 Apr 2026 | ₹14,897 | ₹13,655 |
| 01 Apr 2026 | ₹15,295 | ₹14,020 |
| 31 Mar 2026 | ₹14,951 | ₹13,705 |
| 30 Mar 2026 | ₹14,826 | ₹13,590 |
Market Impact of the Ceasefire
Oil Crash
US crude oil plunged more than $12 per barrel (approximately 10.6%) immediately after the ceasefire was announced, reflecting the easing of supply disruption fears
Inflation Expectations
A sharp decline in energy prices may ease inflation concerns, potentially reviving the possibility of US Federal Reserve rate cuts later this year—a long-term positive for gold despite the immediate safe-haven selloff
Geopolitical Risk Premium Evaporates
The two-week ceasefire agreement has dramatically reduced the “war premium” that had been supporting gold prices since the outbreak of the conflict
Market Summary
Monthly View: Gold has retreated approximately 15% from its early March peak of over ₹1.73 lakh per 10g
Ceasefire Impact: The diplomatic breakthrough has significantly cooled safe-haven demand, leading to a sharp sell-off
Investment Outlook: With the correction in place, some investors are looking at Gold ETFs or Sovereign Gold Bonds (SGB) to avoid the high making charges of physical jewellery
Key Drivers: Ceasefire announcement, easing oil prices, and shifting Fed rate expectations are currently influencing prices
Can Gold Prices Rise Again?
- Technical Levels: Support at $4,600 per ounce; resistance at $4,800
- Ceasefire Duration: The two-week ceasefire is temporary; any breakdown could renew safe-haven demand
- Fed Rate Expectations: Easing inflation from lower oil prices could lead to rate cuts, a positive for gold
- Central Bank Buying: Continued accumulation by global central banks provides long-term support
Key Considerations for Buyers
- GST: 3% applicable on gold value
- Making Charges: Typically range from 5% to 35% for jewellery
- Investment Options: Gold ETFs or Sovereign Gold Bonds (SGB) help avoid high making charges of physical jewellery
Disclaimer: Gold rates are indicative and exclude GST/TCS/levies. Final purchase prices include 3% GST and making charges. Please verify with local jewellers for exact pricing.
