As of April 27, gold prices have seen a notable shift, retreating from their peak of nearly ₹1 lakh per retail unit. This decline of ₹4,300 over three consecutive trading sessions comes amid rising optimism regarding potential easing of trade tensions between the United States and China, alongside a rebound in US Dollar values. This raises an important question: is now the right time to invest in gold? Despite some selling pressure, gold continues to be viewed as a vital safe-haven asset for investors aiming to shield their portfolios from market volatility and uncertain political climates. Experts recommend keeping a close watch on developments in the US-China relationship for further insights.
Current Gold and Silver Prices
Curious about the latest prices of gold and silver in your city? Here’s a roundup for major Indian cities on April 27.
- Gold MCX prices were recorded at ₹95,032 per 10 grams, showing a slight increase of ₹40.
- Meanwhile, silver prices dipped by ₹243 per kilogram, settling at ₹96,198.
According to the Indian Bullion Association (IBA), the following prices were noted at 7:50 AM on the same day:
- 24-carat gold: ₹95,270/10 gm
- 22-carat gold: ₹87,331/10 gm
- Silver (999 Fine): ₹96,680/kg
City-Specific Prices of Gold and Silver
To help you navigate the market, here’s a detailed look at gold and silver prices across several major cities:
Gold and Silver Prices in New Delhi
- Gold bullion: ₹94,940/10 gm
- MCX Gold: ₹95,032/10 gm
- Silver bullion: ₹96,340/kg
- MCX Silver: ₹96,198/kg
Gold and Silver Prices in Mumbai
- Gold bullion: ₹95,100/10 gm
- MCX Gold: ₹95,032/10 gm
- Silver bullion: ₹96,510/kg
- MCX Silver: ₹96,198/kg
Gold and Silver Prices in Bengaluru
- Gold bullion: ₹95,180/10 gm
- MCX Gold: ₹95,032/10 gm
- Silver bullion: ₹96,580/kg
- MCX Silver: ₹96,198/kg
Gold and Silver Prices in Chennai
- Gold bullion: ₹95,380/10 gm
- MCX Gold: ₹95,032/10 gm
- Silver bullion: ₹96,790/kg
- MCX Silver: ₹96,198/kg
Gold and Silver Prices in Kolkata
- Gold bullion: ₹94,980/10 gm
- MCX Gold: ₹95,032/10 gm
- Silver bullion: ₹96,380/kg
- MCX Silver: ₹96,198/kg
Gold and Silver Prices in Hyderabad
- Gold bullion: ₹95,250/10 gm
- MCX Gold: ₹95,032/10 gm
- Silver bullion: ₹96,660/kg
- MCX Silver: ₹96,198/kg
Conclusion
As investors remain cautious amidst fluctuating market conditions, gold and silver continue to hold significance as reliable investment options. Keeping track of these prices and market trends will empower you to make informed decisions. For further insights on stock market movements and economic forecasts, stay tuned to our updates!
