Gold surges past ₹94,000/10 gm as investors turn to safe-haven assets; Silver also climbs to ₹95,190/kg
New Delhi, April 16, 2025 – Gold prices in India surged to an all-time high on Tuesday, April 16, as investors sought safe-haven assets amid global market turmoil, tariff uncertainty, and recession fears. The spike comes as the dollar weakens and spot gold prices internationally crossed $3,245.42 per ounce on April 14.
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📈 Key Highlights
- Spot gold: $3,221.32/oz (up 0.4%)
- US gold futures: $3,238.70/oz
- MCX Gold (India): ₹94,465/10 gm
- MCX Silver: ₹94,800/kg
- Silver 999 Fine: ₹95,190/kg (IBA)
- 24-Carat Gold (All-India avg.): ₹93,650/10 gm
- 22-Carat Gold (All-India avg.): ₹85,846/10 gm
💰 Gold & Silver Prices in Major Indian Cities – April 16, 2025
| City | Gold (₹/10 gm) | MCX Gold | Silver (₹/kg) | MCX Silver |
|---|---|---|---|---|
| Mumbai | ₹94,430 | ₹94,465 | ₹95,120 | ₹94,800 |
| Delhi | ₹94,260 | ₹94,465 | ₹94,960 | ₹94,800 |
| Chennai | ₹94,750 | ₹94,465 | ₹95,460 | ₹94,800 |
| Hyderabad | ₹94,620 | ₹94,465 | ₹95,330 | ₹94,800 |
| Bengaluru | ₹94,500 | ₹94,465 | ₹95,200 | ₹94,800 |
| Kolkata | ₹94,350 | ₹94,465 | ₹95,060 | ₹94,800 |
🔍 Why the Surge in Gold?
The rise is attributed to:
- Uncertainty around US tariffs and Donald Trump’s unpredictable trade stance
- Falling dollar value
- Global economic slowdown fears
Investors are turning to gold and silver as hedges against inflation and market volatility.
📝 Outlook
With no clear resolution in sight for the ongoing trade and economic tensions, experts expect precious metals to remain strong performers in the short term.
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