Gold and Silver Prices Today, April 3, 2026: Market Sees Sharp Swings

New Delhi: There is a lot of turmoil in the domestic bullion market of the country these days. There was a huge decline of about 16 percent in gold prices in March 2026, which is considered to be the worst monthly performance since 2008. The surprising thing is that despite major geopolitical crises like the US-Iran war, these so-called 'safe metals' remained under pressure. However, in the beginning of April, some signs of improvement have been seen in the market and investors' eyes are once again fixed on the bullion market.

Have gold and silver prices fallen significantly recently?

In January 2026, gold had reached a peak of Rs 176 thousand per 10 grams, but by March it became cheaper by more than Rs 28 thousand. The situation of silver was even more worrying, after touching an all-time high of Rs 386,000 per kg on January 29, it fell by more than Rs 150,000 in just 50 days. On March 30 alone, a single day fall of more than Rs 2,100 was recorded in silver and more than Rs 3,000 in 24-carat gold.

Are there signs of stability in the market now?

On April 1, 2026, the prices of both the metals closed at highs. In the retail market, 24 carat gold reached Rs 146,320 per 10 grams and silver reached Rs 265,000 per kg. According to All India Bullion Association, on April 2, 24-carat gold was around Rs 150,850 per 10 grams and silver was around Rs 246,000 per kg in Delhi bullion market. Analysts say that this is not a sign of a complete change in trend but a temporary relief after the decline.

Is the international situation affecting the domestic market?

Hopes of less conflict in the Middle East did provide some support to gold, but rising crude oil prices maintained fears of inflation. The strength of the US dollar and the rise in bond yields also kept pressure on gold and silver. Ceasefire signals from Iran increased risk appetite in the market, which curbed the extraordinary rise in gold.

Is silver more volatile than gold?

The fall of silver on MCX was faster than that of gold. From the initial high of 2026, silver fell by about 16 percent to the level of Rs 2 lakh 35 thousand, after which buyers returned. In fact, unlike gold, the price of silver is also linked to the demand of industries like solar energy, electronics, hence its fluctuations are naturally high and bring risks as well as opportunities for investors.

Is it time to invest or need to be cautious?

Market experts clearly believe that the current upward trend is only a temporary recovery after the decline and not a sign of a complete reversal of the trend. Gold and silver still remain safe investment options amid global economic uncertainty, but prices are changing rapidly. In such a situation, experts are advising investment from a long-term perspective. Instead of lump sum investment, buy little by little and keep an eye on every movement in the market.