Gold Prices Fluctuate Globally: Where to Find the Cheapest Gold?

• Gold and silver prices have seen recent declines from record highs, with gold falling 7.7% from its peak to $4,500 per ounce.
• Geopolitical tensions and speculative investments initially drove prices up, but increased profit-taking led to a significant drop.
• In India, gold futures on MCX fell by 4.57% to ₹1,40,999, and silver futures dropped 13% to ₹2,30,732 on April 2, 2026.
• Despite global dips, India's gold prices remain high due to taxes and import duties.
• The United States, Australia, and Singapore offer significantly cheaper gold compared to India, with 24-carat gold in the US at ₹15,905 per gram.

Why It Matters: Global gold prices are volatile, with significant differences; the US, Australia, and Singapore offer cheaper gold than India.