Gold prices have plunged by 2.8% to approximately $4,650.20 per ounce as of 3 April 2026. In India, the domestic rate for 24K gold has dropped to ₹1.48 lakh per 10 grams, reflecting a significant decrease of ₹3,980.
This decline is attributed to geopolitical de-escalation and shifting expectations regarding US interest rate cuts. Just weeks ago, gold prices had soared to record highs above $4,800 before this pullback.
April 3, 2026, is also marked by the observance of Good Friday, a dry day in India where the sale of alcohol is prohibited in liquor shops, bars, clubs, and restaurants.
In entertainment, WWE SmackDown aired on the same day, featuring intense rivalries including Randy Orton and Cody Rhodes, as well as Drew McIntyre’s ongoing feud with Jacob Fatu. The show started at 8 PM ET in the United States, 6:30 AM IST in India, and 1 AM BST in the UK.
As the market reacts to these changes, observers are keenly watching for further developments in gold prices and the implications of the dry day on local businesses.
Details remain unconfirmed regarding the long-term effects of these price changes on the jewelry market, which typically sees making charges ranging from 5-35% of the gold value.
