In light of the ongoing trade tensions between the United States and China over tariff regulations, many investors are turning to safe-haven assets, particularly gold and silver, to secure their financial futures. As of April 12, gold prices have seen a slight uptick, reflecting this trend. At 6:40 AM, the MCX gold price stood at ₹93,887 per 10 grams, marking an increase of ₹142 or 0.15%. Similarly, MCX silver prices rose by ₹14, or 0.1%, reaching ₹94,300 per kg.
Current Gold and Silver Pricing Overview
- 24-carat gold is currently priced at ₹94,010 per 10 grams, while 22-carat gold sits at ₹86,176 per 10 grams, according to the Indian Bullion Association (IBA).
- For silver, the 999 Fine grade is valued at ₹94,660 per kg.
Price Breakdown by City
As we examine the gold and silver prices across major Indian cities on April 12, here’s what you need to know:
New Delhi
- Gold Bullion Rate: ₹93,680/10 gm
- MCX Gold Rate: ₹93,887/10 gm
- Silver Bullion Rate: ₹94,330/kg
- MCX Silver 999 Rate: ₹94,300/kg
Mumbai
- Gold Bullion Rate: ₹93,840/10 gm
- MCX Gold Rate: ₹93,887/10 gm
- Silver Bullion Rate: ₹94,490/kg
- MCX Silver 999 Rate: ₹94,300/kg
Hyderabad
- Gold Bullion Rate: ₹93,990/10 gm
- MCX Gold Rate: ₹93,887/10 gm
- Silver Bullion Rate: ₹94,640/kg
- MCX Silver 999 Rate: ₹94,300/kg
Chennai
- Gold Bullion Rate: ₹94,120/10 gm
- MCX Gold Rate: ₹93,887/10 gm
- Silver Bullion Rate: ₹94,760/kg
- MCX Silver 999 Rate: ₹94,300/kg
Kolkata
- Gold Bullion Rate: ₹93,720/10 gm
- MCX Gold Rate: ₹93,887/10 gm
- Silver Bullion Rate: ₹94,360/kg
- MCX Silver 999 Rate: ₹94,300/kg
Bengaluru
- Gold Bullion Rate: ₹93,920/10 gm
- MCX Gold Rate: ₹93,887/10 gm
- Silver Bullion Rate: ₹94,560/kg
- MCX Silver 999 Rate: ₹94,300/kg
Conclusion
The ongoing trade dispute between the U.S. and China continues to influence gold and silver prices, making these precious metals a popular choice among investors seeking stability. As market conditions fluctuate, staying updated on local and national prices is crucial for making informed investment decisions. For further insights into the market dynamics, consider exploring how geopolitical factors impact commodity trading.
