Gold Prices Dip Sharply on April 23, 2025 Return to April 21 Levels Across Cities

Gold prices in India took a significant dip on 23rd April 2025, almost mirroring the gains seen the previous day. After surging past ₹10,000 per gram for 24K gold on 22nd April, prices have now retreated to their earlier levels. As of today, 24-karat gold is trading at ₹9,835 per gram, while 22-karat gold stands at ₹9,015 per gram.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Cost of Gold in India Drops Considerably on 23rd April

As of 10:10 AM on 23rd April, gold rates in India have witnessed a huge drop. The 24K gold price is down by ₹300 per gram, while 22K gold rates are down by ₹275 per gram. Below is a breakdown of prices across major cities:

• Gold Price Today in Mumbai: 22K gold rate in Mumbai stands at ₹9,015 per gram, while the 24K gold price in Mumbai surged to ₹9,835 per gram.
• Gold Price Today in Chennai: The city of Chennai has also seen a pullback. The 22K gold rate in Chennai stands at ₹9,015 per gram, and the 24K gold price in Chennai is now ₹9,835 per gram.
• Gold Price Today in Bangalore: The 22K gold rate in Bangalore is at ₹9,015 per gram, and the 24K gold price in Bangalore is currently at ₹9,835 per gram.
• Gold Price Today in Hyderabad: In Hyderabad, 22K gold rate is currently ₹9,015 per gram, and 24K gold price in Hyderabad is at ₹9,835 per gram.
• Gold Price Today in Kerala: The 22-karat gold rate in Kerala stands at ₹9,015 per gram, and 24-karat gold price in Kerala is ₹9,835 per gram.
• Gold Price Today in Delhi: The gold rate in Delhi today for 22K gold is ₹9,030 per gram. For 24K gold, the price in Delhi has settled at ₹9,850 per gram.

Recent Gold Price Trends in India

Gold prices in India have been on a steady upward trajectory before today’s huge fall. Here's a brief overview of how gold rates have trended recently, until 23rd April:

• April 22: Gold rates surged to a record high. 24K gold prices crossed ₹10,000 per gram. 
• April 21: Gold prices increased further. 22K gold was at ₹9,015 per gram and 24K gold was at ₹9,835 per gram.
• April 18: 24K gold reached ₹9,758, and 22K gold was at ₹8,945.
• April 17: Gold continued its rise; 24K was at ₹9,731, while 22K hit ₹8,920.
• April 16: 24K gold prices were ₹9,617, and 22K gold was ₹8,815.
• April 15: The week began with a slight dip—24K gold at ₹9,518 and 22K at ₹8,720.

Conclusion

Today’s (23rd April) sharp fall in gold prices has brought temporary relief to buyers who missed out earlier this week. Whether this is a brief correction or the start of a broader downward trend remains to be seen, especially with global economic indicators and geopolitical tensions continuing to influence bullion markets. Investors and buyers alike should keep a close eye on market cues before making any decisions.