Gold Price Today In India: Yellow Metal Rises On MCX Amid Stock Market Crash, Check City-Wise Rates On April 07 – News18
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Gold price today in India: Gold prices were trading higher by 0.14 per cent at 88,199 per 10 grams on the MCX for June 2025 contracts.
Gold Prices Today In India on April 7, 2025.
Gold And Silver Rates Today in India: On April 07, 2025, the price of gold continues to volatile in the spot market amid profit-booking and the escalation of the global trade war after China’s retaliatory 34% US import levies following ‘reciprocal tariffs’ by the US. On the other hand, in the futures trade, gold prices were trading higher by 0.14 per cent at 88,199 per 10 grams on the MCX for June 2025 contracts. Silver was also trading up by 1.47 per cent at 88,490 per kg.
In Mumbai, the spot gold price stood at Rs 82,850 per 10 grams for 22-carat and Rs 90,380 per 10 grams for 24-carat on Monday. The price of silver also declined by Rs 4,900 to Rs 94,000 per kg in the morning on Monday.
The jump in bullion prices on the MCX comes as the stock market on Monday witnessed a crash with both NSE Nifty and BSE Sensex opening by over 3.5 per cent down to hit 10-month lows on April 7.
The BSE Sensex on Monday crashed 3,939.68 points to 71,425.01 in the opening trade, the NSE Nifty tumbled 1,160.8 points to 21,743.65.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (April 07, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 83,000 | Rs 90,530 |
| Jaipur | Rs 83,000 | Rs 90,530 |
| Ahmedabad | Rs 82,900 | Rs 90,430 |
| Patna | Rs 82,900 | Rs 90,430 |
| Mumbai | Rs 82,850 | Rs 90,380 |
| Hyderabad | Rs 82,850 | Rs 90,380 |
| Chennai | Rs 82,850 | Rs 90,380 |
| Bengaluru | Rs 82,850 | Rs 90,380 |
| Kolkata | Rs 82,850 | Rs 90,380 |
Silver Price In India Today (April 07, 2025)
The price of silver declined by Rs 4,900 to Rs 94,000 per kg in the morning in the spot market, according to goodreturns.in.
“Gold and silver experienced extreme volatility last week, plunging sharply following the imposition of reciprocal trade tariffs by the United States on key trading partners. In retaliation, China levied a 34% tariff on U.S. imports, escalating trade tensions. Additionally, dovish commentary from the U.S. Federal Reserve Chairman further weighed on market sentiment. A weaker-than-expected U.S. non-farm payroll report for March added to the bearish momentum in precious metals. Silver posted its steepest weekly decline in five years,” said Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
