As of April 17, gold prices have surged dramatically, fueled by ongoing trade tensions between the United States and China. Investors are increasingly turning to gold and other safe-haven assets amid fears of a potential recession and volatility in the U.S. dollar. The current economic climate has led to record-breaking gold prices, showcasing the metal’s enduring appeal in uncertain times.
Current Gold Prices Overview
At 9 AM on April 17, the Multi Commodity Exchange (MCX) reported gold prices hitting a staggering ₹95,730 per 10 grams, reflecting an increase of ₹69 per 10 grams. This marks a historic peak for gold rates. In contrast, silver prices have seen a decline, with rates dropping by ₹830 per kilogram, bringing them down to ₹95,420/kg.
Breakdown of Gold and Silver Prices
- 24-Carat Gold: Priced at ₹95,900 per 10 grams.
- 22-Carat Gold: Available at ₹87,908 per 10 grams.
- Silver (999 Fine): Currently valued at ₹95,820 per kilogram.
City-Specific Gold and Silver Prices
Mumbai
- Gold Bullion: ₹95,720/10 gm
- MCX Gold Rate: ₹95,730/10 gm
- Silver Bullion: ₹95,650/kg
- MCX Silver: ₹95,420/kg
Chennai
- Gold Bullion: ₹96,000/10 gm
- MCX Gold Rate: ₹95,730/10 gm
- Silver Bullion: ₹95,930/kg
- MCX Silver: ₹95,420/kg
Kolkata
- Gold Bullion: ₹95,550/10 gm
- MCX Gold Rate: ₹95,730/10 gm
- Silver Bullion: ₹95,420/kg
- MCX Silver: ₹95,420/kg
Hyderabad
- Gold Bullion: ₹94,620/10 gm
- MCX Gold Rate: ₹95,730/10 gm
- Silver Bullion: ₹95,330/kg
- MCX Silver: ₹95,420/kg
Bengaluru
- Gold Bullion: ₹94,500/10 gm
- MCX Gold Rate: ₹95,730/10 gm
- Silver Bullion: ₹95,200/kg
- MCX Silver: ₹95,420/kg
New Delhi
- Gold Bullion: ₹94,260/10 gm
- MCX Gold Rate: ₹95,730/10 gm
- Silver Bullion: ₹94,960/kg
- MCX Silver: ₹95,420/kg
Conclusion
The rise in gold prices amid escalating tariff disputes highlights the metal’s role as a secure investment during turbulent economic times. For up-to-date information on gold and silver prices in various cities, check local resources or financial news outlets. Whether you’re a seasoned investor or a first-time buyer, staying informed on market trends is crucial in today’s dynamic financial landscape.
