As global stock markets experience significant downturns, investors are flocking to safer assets like gold and silver. The ongoing trade tensions, notably stemming from former President Donald Trump’s tariff policies, have intensified this trend. On April 7, the Multi Commodity Exchange (MCX) reported gold prices soaring to ₹88,376 for 10 grams, marking an increase of ₹301 or 0.34%. Meanwhile, silver prices surged by 2%, reaching ₹88,698 per kilogram.
Current Gold and Silver Prices Across Major Indian Cities
On this date, the price of 24-carat gold was listed at ₹88,170/10 gm according to the Indian Bullion Association (IBA), while 22-carat gold stood at ₹80,823/10 gm. Silver, specifically Silver 999 Fine, was priced at ₹88,690/kg. Let’s delve into the specific prices for gold and silver in key cities across India.
Gold and Silver Prices in New Delhi – April 7
- Gold Bullion Rate: ₹87,890/10 gm
- MCX Gold Rate: ₹88,376/10 gm
- Silver Bullion Rate: ₹88,260/kg
- MCX Silver 999 Rate: ₹88,698/kg
Gold and Silver Prices in Mumbai – April 7
- Gold Bullion Rate: ₹88,050/10 gm
- MCX Gold Rate: ₹88,376/10 gm
- Silver Bullion Rate: ₹88,420/kg
- MCX Silver 999 Rate: ₹88,698/kg
Gold and Silver Prices in Hyderabad – April 7
- Gold Bullion Rate: ₹88,190/10 gm
- MCX Gold Rate: ₹88,376/10 gm
- Silver Bullion Rate: ₹88,560/kg
- MCX Silver 999 Rate: ₹88,698/kg
Gold and Silver Prices in Chennai – April 7
- Gold Bullion Rate: ₹88,330/10 gm
- MCX Gold Rate: ₹88,376/10 gm
- Silver Bullion Rate: ₹88,650/kg
- MCX Silver 999 Rate: ₹88,698/kg
Gold and Silver Prices in Kolkata – April 7
- Gold Bullion Rate: ₹87,960/10 gm
- MCX Gold Rate: ₹88,376/10 gm
- Silver Bullion Rate: ₹88,280/kg
- MCX Silver 999 Rate: ₹88,698/kg
Gold and Silver Prices in Bengaluru – April 7
- Gold Bullion Rate: ₹88,140/10 gm
- MCX Gold Rate: ₹88,376/10 gm
- Silver Bullion Rate: ₹88,460/kg
- MCX Silver 999 Rate: ₹88,698/kg
Market Trends and Future Outlook
As uncertainty looms over global trade policies, the uptick in gold and silver prices indicates that investors are prioritizing security. This trend is likely to continue as market conditions evolve. For those looking to invest in precious metals, it’s essential to monitor these price changes closely.
For more information on gold and silver prices in your specific city, keep checking reliable financial news sources and market updates. Understanding market dynamics can provide valuable insights into your investment strategy.
