With global markets rattled by renewed tariff threats from U.S. President Donald Trump, investors are increasingly turning to precious metals as safe-haven assets. Trump’s recent declaration of an impending “major” tariff on pharmaceutical imports has deepened fears of a potential recession in the United States, prompting a surge in gold and silver investments.
As of April 9, gold and silver prices remained elevated across India. On the Multi Commodity Exchange (MCX), gold futures were trading at ₹88,424 per 10 grams, while silver futures climbed to ₹88,814 per kilogram.
According to data from the Indian Bullion Association (IBA) at 9:50 a.m., 24-carat gold was priced at ₹88,570 per 10 grams, while 22-carat gold stood at ₹81,189 per 10 grams. Silver (999 fine) was trading at ₹89,110 per kilogram.
Gold and Silver Prices in Major Cities – April 9
Mumbai
Gold Bullion (24K): ₹88,460/10 gm
MCX Gold Rate: ₹88,424/10 gm
Silver Bullion: ₹89,010/kg
MCX Silver (999): ₹88,814/kg
Chennai
Gold Bullion (24K): ₹87,720/10 gm
MCX Gold Rate: ₹88,424/10 gm
Silver Bullion: ₹89,270/kg
MCX Silver (999): ₹88,814/kg
Bengaluru
Gold Bullion (24K): ₹88,530/10 gm
MCX Gold Rate: ₹88,424/10 gm
Silver Bullion: ₹89,080/kg
MCX Silver (999): ₹88,814/kg
New Delhi
Gold Bullion (24K): ₹88,310/10 gm
MCX Gold Rate: ₹88,424/10 gm
Silver Bullion: ₹88,860/kg
MCX Silver (999): ₹88,814/kg
Kolkata
Gold Bullion (24K): ₹88,340/10 gm
MCX Gold Rate: ₹88,424/10 gm
Silver Bullion: ₹88,900/kg
MCX Silver (999): ₹88,814/kg
Hyderabad
Gold Bullion (24K): ₹88,580/10 gm
MCX Gold Rate: ₹88,424/10 gm
Silver Bullion: ₹89,040/kg
MCX Silver (999): ₹88,814/kg
As global economic tensions intensify, particularly with escalating trade policies from the U.S., analysts expect precious metal prices to remain firm in the near term. Investors are advised to monitor global developments closely while evaluating their investment strategies.
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