Why did gold prices fall today?
Divya Mandaliya, commodity research analyst, Anand Rathi Shares and Stock Brokers, told ET Wealth Online gold slipped after the US extended its ceasefire with Iran, while concerns over a possible Strait of Hormuz blockade kept energy risks and inflation elevated. “Firm oil above $100 and higher treasury yields are reinforcing a ‘higher-for-longer’ rate outlook, capping upside in non-yielding gold,” says Mandaliya.
Will gold prices rise or fall?
Mandaliya says selling pressure is emerging in the $4,780–4,850 zone.
Mandaliya predicts, “For today, gold is expected to remain range-bound with a slight downside bias between $4,700 and $4,780, with focus on US jobless claims and PMI data. Looking into tomorrow, the bias remains cautious any further rise in yields or oil prices could push gold toward $4,650, while fresh geopolitical escalation may trigger a short-covering bounce toward $4,800, keeping the broader trend in a consolidation phase.”
Gold rates today (April 23, 2026)
Amid concerns over a possible Strait of Hormuz blockade, check gold prices at leading jewellery brands such as Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds and Joyalukkas. Also check retail selling rates for gold and silver jewellery at Indian Bullion and Jewellers Association Ltd (IBJA) today (April 23, 2026).
22k gold price at Tanishq
Tanishq’s latest price for 22k gold jewellery is Rs 14,115 per gram as of April 23, 2026, in New Delhi, Mumbai, Kolkata, Chennai and Bengaluru. The price of the 22k gold on April 22, 2026, was Rs 14,225.
Tanishq 22k gold prices in last 5 days
|
Date |
Rate (Rs) |
|
23-04-2026 |
Rs 14,115 |
|
22-04-2026 |
Rs 14,225 |
|
21-04-2026 |
Rs 14,275 |
|
20-04-2026 |
Rs 14,275 |
|
19-04-2026 |
Rs 14,320 |
22k gold rate at Joyalukkas
Joyalukkas’ latest price for 22k gold jewellery is Rs 14,075 per gram as of April 23, 2026, in New Delhi, Chennai, Mumbai, Kolkata and Bengaluru. The price of the same variety of gold on April 22, 2026, was Rs 14,185.
Joyalukkas gold rates on April 23, 2026
|
Purity |
Rate (Rs) |
|
Gold 24k |
Rs 15,355 |
|
Gold 22k |
Rs 14,075 |
|
Gold 18k |
Rs 11,516 |
22k gold price at Kalyan Jewellers
The latest price for 22k gold jewellery at Kalyan Jewellers is Rs 14,075 per gram as of April 23, 2026, in New Delhi, Mumbai, Kolkata, Chennai and Bengaluru. The price of 22k gold on April 22, 2026, was Rs 14,185.
22k gold rate at Malabar Gold & Diamonds
Malabar Gold & Diamonds’ latest price for 22k gold jewellery is Rs 14,075 per gram as of April 23, 2026, in New Delhi, Mumbai, Chennai, Kolkata and Bengaluru. The rate of 22k gold on April 22, 2026, was Rs 14,185.
Malabar Gold & Diamonds’ gold rates on April 23, 2026
| Purity | Rate (Rs/gm) |
| 22k (916) | Rs 14,075 |
| 24k (999) | Rs 15,355 |
Note: All rates are updated as per jewellery brands’ respective websites at 2:35 pm, April 23, 2026. The rates may change during the day and can vary depending on states, taxes and other applicable charges.
IBJA’s indicative retail selling prices for gold and silver jewellery April 23, 2026 (AM rates)
| Category | Price (Rs) |
| Fine Gold (999) | Rs 15,119 |
| 22 KT | Rs 14,756 |
| 20 KT | Rs 13,456 |
| 18 KT | Rs 12,246 |
| 14 KT | Rs 9,752 |
| Silver (999) | Rs 2,43,937 |
IBJA’s indicative retail selling rates for gold and silver jewellery April 22, 2026 (PM rates)
| Category | Price (Rs) |
| Fine Gold (999) | Rs 15,212 |
| 22 KT | Rs 14,847 |
| 20 KT | Rs 13,538 |
| 18 KT | Rs 12,321 |
| 14 KT | Rs 9,812 |
| Silver (999) | Rs 2,48,682 |
IBJA gold and silver rate comparison: April 23, 2026 (AM) vs April 22, 2026 (PM)
| Category | April 23 AM rates (Rs) | April 22 PM rates (Rs) | Change (Rs) |
| Fine Gold (999) | 15,119 | 15,212 | -93 |
| 22 KT | 14,756 | 14,847 | -91 |
| 20 KT | 13,456 | 13,538 | -82 |
| 18 KT | 12,246 | 12,321 | -75 |
| 14 KT | 9,752 | 9,812 | -60 |
| Silver (999) | 2,43,937 | 2,48,682 | -4,745 |
