As of April 10, 2025, gold prices in India experienced

As of April 10, 2025, gold prices in India witnessed a notable decline, largely influenced by recent developments in the global economy, particularly the release of U.S. employment data. This data signaled a stronger-than-expected job market in the United States, leading to a rally in the U.S. dollar. Since gold is priced in dollars, a stronger greenback makes the precious metal more expensive for holders of other currencies, thereby decreasing global demand. This resulted in a 0.75% dip in global gold prices, bringing them down to approximately $1,990 per ounce.

This trend was mirrored in the Indian bullion market, where both 22K and 24K gold prices fell across major cities. Here's a look at the rates per 10 grams as of April 10, 2025:

City	22K Gold (₹/10g)	24K Gold (₹/10g)
Chennai	₹56,000	₹61,100
Mumbai	₹55,400	₹60,430
Delhi	₹55,550	₹60,580
Kolkata	₹55,400	₹60,430
Bangalore	₹55,450	₹60,480
Hyderabad	₹55,400	₹60,430

The variation in prices among cities is due to differences in local demand, transportation costs, and state taxes. Chennai recorded the highest rate for both 22K and 24K gold, while cities like Mumbai, Kolkata, and Hyderabad reflected the lower end of the pricing spectrum.

The recent slide in gold prices may present an opportunity for buyers, especially those looking to invest in physical gold or jewelry. However, potential investors are advised to monitor international trends, as gold is a globally traded commodity and is highly sensitive to macroeconomic factors such as interest rates, inflation, geopolitical tensions, and currency movements.

One of the key reasons for the current dip is the strengthening of the U.S. dollar. As the dollar gains, it puts downward pressure on commodities like gold, which are considered alternative investments. Investors tend to move toward dollar-based assets when confidence in the U.S. economy grows, especially on the back of positive employment figures.