On April 21, gold and silver prices experienced a remarkable surge, with gold hitting an all-time high. The Multi Commodity Exchange (MCX) reported gold prices reaching ₹96,747 per 10 grams at the start of the day. This upward trend is largely attributed to the ongoing repercussions of the U.S.-China trade conflict and the weakening of the U.S. Dollar, which has made gold a more attractive investment option.
Record Gold Prices Amid Economic Uncertainty
As of 9:10 AM on April 21, the MCX Gold contract for June 5 was trading at ₹96,552 per 10 grams, reflecting a 1.36% increase. Meanwhile, international spot gold soared to a staggering $3,384 during the same session. The decline in the dollar’s value against other currencies has made gold more affordable globally, driving up its demand.
Investors are increasingly turning to gold and silver as a safe haven amid market volatility. With the continued tensions from the escalating trade war, these precious metals remain a preferred choice for those looking to protect their portfolios.
Current Prices of Gold and Silver
-
MCX Gold Rates:
- As of 11:35 AM, the price of MCX gold was ₹96,610 per 10 grams, an increase of ₹1,356 from the previous session.
- 24-carat gold was listed at ₹96,850 per 10 grams.
- 22-carat gold stood at ₹88,779 per 10 grams.
- MCX Silver Rates:
- Silver prices also saw an uptick, reaching ₹96,050 per kg, up by ₹1,013.
- 999 Fine Silver was priced at ₹96,500 per kg.
City-Specific Gold and Silver Prices
Here’s a snapshot of gold and silver prices in major cities across India:
Bengaluru
- Gold Bullion Rate: ₹95,750/10 gm
- MCX Gold Rate: ₹96,850/10 gm
- Silver Bullion Rate: ₹95,620/kg
- MCX Silver 999 Rate: ₹96,500/kg
Mumbai
- Gold Bullion Rate: ₹95,720/10 gm
- MCX Gold Rate: ₹96,850/10 gm
- Silver Bullion Rate: ₹95,650/kg
- MCX Silver 999 Rate: ₹96,500/kg
Hyderabad
- Gold Bullion Rate: ₹96,820/10 gm
- MCX Gold Rate: ₹96,850/10 gm
- Silver Bullion Rate: ₹96,300/kg
- MCX Silver 999 Rate: ₹96,500/kg
Kolkata
- Gold Bullion Rate: ₹96,580/10 gm
- MCX Gold Rate: ₹96,850/10 gm
- Silver Bullion Rate: ₹95,860/kg
- MCX Silver 999 Rate: ₹96,500/kg
New Delhi
- Gold Bullion Rate: ₹96,510/10 gm
- MCX Gold Rate: ₹96,850/10 gm
- Silver Bullion Rate: ₹95,980/kg
- MCX Silver 999 Rate: ₹96,500/kg
Chennai
- Gold Bullion Rate: ₹96,950/10 gm
- MCX Gold Rate: ₹96,850/10 gm
- Silver Bullion Rate: ₹96,430/kg
- MCX Silver 999 Rate: ₹96,500/kg
For detailed price lists in your area, you can check the latest updates from the Indian Bullion Association (IBA). As investors navigate through these turbulent times, the allure of gold and silver continues to shine brightly, reinforcing their status as reliable assets for those seeking security in their investments.
