The market sentiment shifted towards risk aversion, prompting investors to reassess their positions.
Gaurav Garg,
research analyst,
Lemonn markets desk.
Mumbai, April 28, 2026: On April 28, 2026, gold prices dipped slightly, with the metal trading at $4661.60 per ounce (approximately Rs1,41,578 per 10 grams), down 0.30%, as investors remained cautious amid ongoing macroeconomic uncertainties and central bank meetings, particularly the US Federal Reserve's upcoming decisions. Silver also faced pressure, declining 1.66% to $73.75 per ounce (around Rs2,24,003 per kg), as market sentiment shifted towards risk aversion, prompting investors to reassess their positions. In contrast, crude oil prices rose 1.26% to $97.58 per barrel (approximately Rs9,218), driven by escalating geopolitical tensions in the Middle East, which have raised concerns about supply disruptions. The divergence in price movements suggests a complex interplay of factors, with gold and silver reacting to macroeconomic signals while crude oil benefits from geopolitical risks.
