Chirayu Software Solutions

 As of April 1, 2026 , a new revision in duty structure has come into effect, directly influencing the pricing of precious metals in the domestic market. This change is particularly significant for traders, jewellers, investors, and consumers tracking gold and silver rates closely. Updated Rates (Effective April 1, 2026) Based on the revised duty and the latest exchange rate, the updated indicative prices are: Gold: 8199.75 Silver: 12446.66 Exchange Rate: 94.25 These figures reflect the immediate impact of the revised duty calculations combined with the prevailing currency conversion rate. What Has Changed? The adjustment in import duty alters the cost structure of precious metals entering the country. Since India relies heavily on imports for gold and silver, even a minor tweak in duty can significantly affect domestic prices. The updated exchange rate of 94.25 has also played a crucial role. A higher exchange rate typically increases the landed cost of imports, thereby pushin...

 The Indian bullion market witnessed an extraordinary "blood bath" today as MCX Gold futures crashed by over ₹9,180, a staggering 6% decline, to trade at ₹1,43,844 per 10 grams. This vertical drop, as seen in real-time exchange data, follows a devastating technical breakdown below the critical ₹1,47,000 psychological support level. The sell-off was ignited by the US Federal Reserve's hawkish "higher-for-longer" interest rate stance, which sent US 10-year Treasury yields surging to 4.25%. The crash was further compounded by a massive spike in the US Dollar Index (DXY) to 100.50, effectively throttling global demand for dollar-denominated assets. In the physical market, Indian dealers reported discounts hitting a decade-high of $83/oz as retail buyers remained sidelined by extreme volatility. With COMEX Gold diving below $4,600/oz, this widespread long liquidation marks a significant shift in market sentiment. If current momentum persists, the next technical floor...