Gold Prices Surge Amid Global Market Turmoil
As global markets face significant turmoil, investors are flocking to precious metals like gold and silver, causing prices to spike. On April 8, fears surrounding a potential trade war led by the United States contributed to this surge, following a tumultuous ‘Black Monday’. With gold viewed as a safe haven, the Multi Commodity Exchange (MCX) reported gold prices climbing to ₹87,533 per 10 grams, reflecting an increase of ₹600 or 0.70%.
Current Gold and Silver Prices Across Major Cities
Investors and traders are closely monitoring the fluctuations in gold and silver prices across various Indian cities. Here’s a snapshot of the latest figures for April 8:
-
Gold Prices:
- 24-carat gold reached ₹87,600 per 10 grams.
- 22-carat gold stood at ₹80,300 per 10 grams.
- Silver Prices:
- Silver was trading at ₹89,350 per kilogram.
Gold and Silver Prices in Mumbai
In Mumbai, the gold and silver market reflects the ongoing trends:
- Gold Bullion Rate: ₹87,460 per 10 gm
- MCX Gold Rate: ₹87,533 per 10 gm
- Silver Bullion Rate: ₹89,180 per kg
- MCX Silver Rate (999): ₹89,033 per kg
Gold and Silver Prices in Chennai
Chennai also shows notable price activity:
- Gold Bullion Rate: ₹87,720 per 10 gm
- MCX Gold Rate: ₹87,533 per 10 gm
- Silver Bullion Rate: ₹89,440 per kg
- MCX Silver Rate (999): ₹89,033 per kg
Gold and Silver Prices in Bengaluru
In Bengaluru, the following rates apply:
- Gold Bullion Rate: ₹87,530 per 10 gm
- MCX Gold Rate: ₹87,533 per 10 gm
- Silver Bullion Rate: ₹89,250 per kg
- MCX Silver Rate (999): ₹89,033 per kg
Gold and Silver Prices in New Delhi
The national capital, New Delhi, sees similar trends:
- Gold Bullion Rate: ₹87,310 per 10 gm
- MCX Gold Rate: ₹87,533 per 10 gm
- Silver Bullion Rate: ₹89,030 per kg
- MCX Silver Rate (999): ₹89,033 per kg
Gold and Silver Prices in Kolkata
Kolkata’s market prices are as follows:
- Gold Bullion Rate: ₹87,350 per 10 gm
- MCX Gold Rate: ₹87,533 per 10 gm
- Silver Bullion Rate: ₹89,060 per kg
- MCX Silver Rate (999): ₹89,033 per kg
Gold and Silver Prices in Hyderabad
Hyderabad’s pricing information includes:
- Gold Bullion Rate: ₹87,600 per 10 gm
- MCX Gold Rate: ₹87,533 per 10 gm
- Silver Bullion Rate: ₹89,320 per kg
- MCX Silver Rate (999): ₹89,033 per kg
Conclusion
As the global landscape shifts and uncertainty looms, gold and silver continue to attract investors looking for stability. With prices on the rise, staying informed about local market conditions is essential for anyone interested in precious metals. For further updates on market trends and pricing, keep checking reliable financial news sources.
