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Gold and silver prices eased in India and globally as investors await US Federal Reserve signals, with geopolitical tensions and inflation worries keeping volatility elevated.
By Anshul April 28, 2026, 12:28:29 PM IST (Published)
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Gold and silver prices edged lower in domestic and global markets on Monday (April 28) as investors turned cautious ahead of key central bank meetings and continued to track geopolitical developments.
On the Multi Commodity Exchange (MCX), gold futures slipped 0.1% to ₹1.50 lakh per 10 grams from the previous close, while silver declined 0.59% to ₹2.49 lakh per kilogram.
gold traded at $4,661 per ounce, down 0.30%, reflecting subdued investor sentiment amid macroeconomic uncertainty. Silver also weakened 1.66% to $73.75 per ounce.
Analysts said market participants remained focused on upcoming US Federal Reserve policy signals, which continue to drive short-term volatility in precious metals. “
Gold prices declined as investors stayed cautious amid macroeconomic uncertainty and key central bank meetings,” said Gaurav Garg, research analyst at Lemonn Markets Desk.
Axis Securities noted that Comex gold had also softened in the previous session as markets weighed stalled US–Iran peace talks and a packed week of economic data releases. Silver prices remained largely range-bound.
The brokerage added that rising geopolitical tensions, particularly in the West Asia have supported crude oil prices. Oil’s strength has also raised inflation concerns, reinforcing expectations that central banks may maintain higher interest rates for longer.
Despite short-term volatility, analysts said structural demand for gold remains supported by strong investment interest.
According to a perspective cited by Kama Jewelry MD Colin Shah, gold consumption is witnessing a shift, with buyers increasingly viewing the metal as both an investment and a traditional asset. He added that demand for digital gold and exchange-traded funds (ETFs) is rising alongside steady jewellery purchases, although higher prices have led to a preference for lighter-weight and lower-carat jewellery.
Commodity experts said the broader trend reflects a dual nature of gold demand—anchored by cultural consumption in India while gradually evolving into a financial asset class amid global uncertainty.
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Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.
