On April 7, 2025, gold prices witnessed a notable decline across major Indian cities, providing potential buyers with a brief respite amid the ongoing market volatility. In Delhi, the price of 18-carat gold per gram dropped to ₹6,811, down from ₹6,812 the previous day. Similarly, 22-carat gold fell to ₹8,324 per gram, a decrease from ₹8,325, while 24-carat gold was priced at ₹9,080, down from ₹9,081.
In Mumbai, gold prices mirrored the trend seen in Delhi, with 18-carat gold priced at ₹6,798, a slight dip from ₹6,799. The 22-carat variant decreased to ₹8,309 from ₹8,310, and 24-carat gold fell to ₹9,065, down from ₹9,066. Bangalore experienced similar pricing, with 18-carat gold at ₹6,798, 22-carat at ₹8,309, and 24-carat at ₹9,065. Chennai’s prices also followed the downward trend, with 18-carat gold priced at ₹6,844, a drop from ₹6,845, while 22-carat and 24-carat gold remained steady at ₹8,309 and ₹9,065, respectively.
In Hyderabad, the pricing of gold was identical to that in Mumbai, with 18-carat gold at ₹6,798, 22-carat at ₹8,309, and 24-carat at ₹9,065.
The Multi Commodity Exchange (MCX) reported that gold was trading around ₹88,000 per 10 grams, reflecting a marginal increase. The Indian Bullion Association priced 24-carat gold at ₹88,170 per 10 grams, while 22-carat gold stood at ₹80,823 per 10 grams. Meanwhile, silver prices hovered around ₹88,690 per kilogram.
Global Market Sell-Off Triggers Gold Price Decline
The recent dip in gold prices is attributed to a broader market sell-off triggered by U.S. President Donald Trump’s tariff announcements, which have caused turmoil in global equity markets. The volatility, often referred to as “Black Monday,” led to significant declines in stock indices, with Nifty and Sensex dropping nearly 5% during their opening session.
Despite this, the decrease in gold prices presents an opportunity for buyers seeking to invest in the precious metal as a safe-haven asset during uncertain times. Analysts suggest that the current market dynamics could provide a favorable window to purchase gold at relatively lower prices.
Fluctuating Gold Prices Across Major Indian Cities
In New Delhi, gold bullion was priced at ₹87,890 per 10 grams, with silver bullion at ₹88,260 per kilogram. In Mumbai, the MCX gold price stood at ₹88,376 per 10 grams, and silver was priced at ₹88,698 per kilogram. Hyderabad saw gold bullion priced at ₹88,190 per 10 grams and silver at ₹88,560 per kilogram. In Chennai, gold bullion was priced at ₹88,330 per 10 grams, with silver at ₹88,650 per kilogram. Kolkata’s gold bullion price stood at ₹87,960 per 10 grams, while silver was priced at ₹88,280 per kilogram. Bengaluru’s gold bullion was valued at ₹88,140 per 10 grams, with silver at ₹88,460 per kilogram.
These price variations across major cities reflect the broader market trend influenced by global economic pressures.
Analysts Weigh In on Gold’s Decline
The recent drop in gold prices follows a period of significant increases, driven by safe-haven buying amid market uncertainty. Experts suggest that the current decline is a result of investors liquidating gold holdings to cover losses from the stock market crash.
Manav Modi, Senior Analyst at Motilal Oswal Financial Services Ltd, commented on the situation, stating, “Gold and silver prices continued to face turmoil, hitting their lowest levels in more than three weeks, as a wider market sell-off triggered by U.S. President Donald Trump’s tariff measures impacted bullion traders.”
As the market continues to react to global economic pressures, buyers are advised to monitor gold prices closely. The fluctuations in prices present potential opportunities for investors to acquire gold at more favorable rates compared to previous weeks.
Conclusion
In summary, gold prices experienced a noticeable decline across major Indian cities on April 7, 2025, as a result of broader market turbulence and economic uncertainties. While the current prices reflect a period of adjustment, they may offer a strategic opportunity for those looking to invest in gold as a hedge against market volatility.
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