Gold and Silver Prices Drop in India as Global Tensions Rise

Gold and Silver Prices: On April 5, gold prices fell sharply in India after China retaliated against tariff measures by the United States. This move caused panic among global investors, leading to a sell-off in markets. Gold Futures on MCX India dropped by more than 2%.

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Gold and Silver Prices Across Indian Cities

As of 9:15 am on April 5, the Indian Bullion Association (IBA) shared the latest rates:

New Delhi

24K Gold: Rs.89,050 per 10 grams

MCX Gold: Rs.88,850 per 10 grams

Silver: Rs.87,410 per kg

MCX Silver 999: Rs.87,431 per kg

Mumbai

24K Gold: Rs.89,200 per 10 grams

MCX Gold: Rs.88,850 per 10 grams

Silver: Rs.87,560 per kg

MCX Silver 999: Rs.87,431 per kg

Hyderabad

24K Gold: Rs.89,340 per 10 grams

MCX Gold: Rs.88,850 per 10 grams

Silver: ₹87,700 per kg

MCX Silver 999: Rs.87,431 per kg

Chennai

24K Gold: Rs.89,460 per 10 grams

MCX Gold: Rs.88,850 per 10 grams

Silver: Rs.87,810 per kg

MCX Silver 999: Rs.87,431 per kg

Kolkata

24K Gold: Rs.89,080 per 10 grams

MCX Gold: Rs.88,850 per 10 grams

Silver: Rs.87,440 per kg

MCX Silver 999: Rs.87,431 per kg

Bengaluru

24K Gold: Rs.89,270 per 10 grams

MCX Gold: Rs.88,850 per 10 grams

Silver: Rs.87,630 per kg

MCX Silver 999: Rs.87,431 per kg

What to Expect Ahead?

Investors should keep an eye on global developments, especially the US-China trade tensions, as they may continue to impact gold and silver prices in the coming days.

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