Gold and Silver Prices Update: Market Reactions Ahead of Trump’s Tariff Announcement
As anticipation builds around United States President Donald Trump’s upcoming announcement of new tariffs, market observers are eager to see how this will affect precious metal prices. Set to be revealed after Wall Street trading hours today, the tariffs are likely to have an immediate impact, particularly on Asian markets.
On April 2, 2025, gold prices in India have shown a slight increase, with 24-carat gold valued at ₹89,340 per 10 grams as of 9:30 AM, according to the Indian Bullion Association (IBA). Meanwhile, 22-carat gold is priced at ₹81,895 per 10 grams. The stability in gold bullion prices over the past day is noteworthy, with the MCX index reflecting a modest rise of ₹44, bringing the price to ₹88,850 per 10 grams.
Current Silver Prices
Silver has also seen a rise, reported at ₹1,00,160 per kg for Silver 999 Fine on the IBA website at the same hour. The MCX index indicates a price increase of ₹398, pushing the silver rate to ₹99,859 per kg.
City-Specific Gold and Silver Rates
Here’s a breakdown of the latest gold and silver prices across major cities in India on April 2:
New Delhi
- Gold Bullion: ₹89,030/10 gm
- MCX Gold: ₹88,850/10 gm
- Silver Bullion: ₹99,830/kg
- MCX Silver: ₹99,882/kg
Mumbai
- Gold Bullion: ₹89,180/10 gm
- MCX Gold: ₹88,850/10 gm
- Silver Bullion: ₹1,00,000/kg
- MCX Silver: ₹99,882/kg
Hyderabad
- Gold Bullion: ₹89,320/10 gm
- MCX Gold: ₹88,850/10 gm
- Silver Bullion: ₹1,00,180/kg
- MCX Silver: ₹99,882/kg
Chennai
- Gold Bullion: ₹89,440/10 gm
- MCX Gold: ₹88,850/10 gm
- Silver Bullion: ₹1,00,320/kg
- MCX Silver: ₹99,882/kg
Kolkata
- Gold Bullion: ₹89,060/10 gm
- MCX Gold: ₹88,850/10 gm
- Silver Bullion: ₹99,890/kg
- MCX Silver: ₹99,882/kg
Bengaluru
- Gold Bullion: ₹89,250/10 gm
- MCX Gold: ₹88,850/10 gm
- Silver Bullion: ₹1,00,100/kg
- MCX Silver: ₹99,882/kg
The fluctuations in gold and silver prices are closely monitored by investors, especially in light of geopolitical events like the tariff announcement. For continuous updates on gold and silver prices, stay tuned and check back frequently.
Conclusion
The precious metals market remains dynamic, and today’s developments will likely reshape investment strategies. Knowing the latest gold and silver prices can help you make informed decisions as the economic landscape evolves.
For more information on tariffs and their implications, explore our detailed article on Trump’s tariff strategy.
