As the global trade tensions escalate, the prices of precious metals continue to fluctuate. On April 6, 2023, the Multi Commodity Exchange (MCX) recorded the price of gold at ₹88,130 per 10 grams, while silver was priced at ₹92,403 per kg. In addition, the Indian Bullion Association (IBA) reported that 24-carat gold reached ₹90,360 per 10 grams, and 22-carat gold was available for ₹82,830 per 10 grams. Let’s explore the current gold and silver prices across major cities in India.
Current Gold and Silver Prices
Gold and Silver Prices in New Delhi
- Gold bullion: ₹90,040/10 gm
- MCX Gold rate: ₹88,850/10 gm
- Silver bullion: ₹87,410/kg
- MCX Silver 999: ₹87,431/kg
Gold and Silver Prices in Mumbai
- Gold bullion: ₹90,200/10 gm
- MCX Gold rate: ₹88,850/10 gm
- Silver bullion: ₹87,560/kg
- MCX Silver 999: ₹87,431/kg
Gold and Silver Prices in Hyderabad
- Gold bullion: ₹90,340/10 gm
- MCX Gold rate: ₹88,850/10 gm
- Silver bullion: ₹87,700/kg
- MCX Silver 999: ₹87,431/kg
Gold and Silver Prices in Chennai
- Gold bullion: ₹90,460/10 gm
- MCX Gold rate: ₹88,850/10 gm
- Silver bullion: ₹87,820/kg
- MCX Silver 999: ₹87,431/kg
Gold and Silver Prices in Kolkata
- Gold bullion: ₹90,080/10 gm
- MCX Gold rate: ₹88,850/10 gm
- Silver bullion: ₹87,450/kg
- MCX Silver 999: ₹87,431/kg
Gold and Silver Prices in Bengaluru
- Gold bullion: ₹90,270/10 gm
- MCX Gold rate: ₹88,850/10 gm
- Silver bullion: ₹87,630/kg
- MCX Silver 999: ₹87,431/kg
Market Insights
The commodity markets observe a weekly closure on Saturdays and Sundays, meaning the above prices reflect the closing trades from April 4. As uncertainties linger due to tariff disputes, investors are advised to stay informed about market trends and fluctuations in gold and silver prices.
What You Should Consider
- Monitor changes in global trade policies and their impact on precious metals.
- Keep an eye on market closures and upcoming trading days to make informed decisions.
For more detailed insights into market trends, check out resources from the Indian Bullion Association and consider professional financial advice tailored to your investment strategy.
