As of April 22, gold prices have surged to unprecedented levels, driven by the ongoing trade tensions between the United States and China. Investors are increasingly turning to gold as a safe haven asset amidst rising tariffs and fears of a looming economic recession. This perfect storm of market conditions has propelled gold prices to their highest point in 25 years, with significant implications for consumers and investors alike.
Current Gold Prices Overview
On April 22 at 7 AM, the MCX gold price was recorded at ₹97,352 per 10 grams, marking an increase of ₹73 from the previous day. This figure represents a remarkable new peak in gold prices. Additionally, MCX silver prices rose by ₹238 to reach ₹97,275 per kilogram.
Breakdown of Gold and Silver Rates
- 24-Carat Gold: ₹97,560 per 10 grams
- 22-Carat Gold: ₹89,430 per 10 grams
- Silver (999 Fine): ₹95,720 per kilogram
City-Specific Gold and Silver Rates
Here’s a closer look at the gold and silver prices across major cities:
Mumbai
- Gold Bullion Rate: ₹97,380 per 10 grams
- MCX Gold Rate: ₹97,352 per 10 grams
- Silver Bullion Rate: ₹95,540 per kg
- MCX Silver Rate: ₹97,275 per kg
Chennai
- Gold Bullion Rate: ₹94,750 per 10 grams
- MCX Gold Rate: ₹97,352 per 10 grams
- Silver Bullion Rate: ₹95,460 per kg
- MCX Silver Rate: ₹97,275 per kg
Kolkata
- Gold Bullion Rate: ₹94,350 per 10 grams
- MCX Gold Rate: ₹97,670 per 10 grams
- Silver Bullion Rate: ₹95,820 per kg
- MCX Silver Rate: ₹97,275 per kg
Hyderabad
- Gold Bullion Rate: ₹97,540 per 10 grams
- MCX Gold Rate: ₹97,352 per 10 grams
- Silver Bullion Rate: ₹95,690 per kg
- MCX Silver Rate: ₹97,275 per kg
Bengaluru
- Gold Bullion Rate: ₹94,460 per 10 grams
- MCX Gold Rate: ₹97,352 per 10 grams
- Silver Bullion Rate: ₹95,620 per kg
- MCX Silver Rate: ₹97,275 per kg
New Delhi
- Gold Bullion Rate: ₹94,260 per 10 grams
- MCX Gold Rate: ₹97,220 per 10 grams
- Silver Bullion Rate: ₹95,380 per kg
- MCX Silver Rate: ₹97,275 per kg
Conclusion
As gold and silver prices continue to climb, consumers are advised to stay informed about the latest market trends. The current economic landscape, influenced by international tariff disputes and currency fluctuations, is likely to keep gold as a favored investment choice. For ongoing updates on precious metal prices in your city, make sure to check reliable financial news sources regularly.
