Gold Hits Another High, Costing This Much in Mumbai, Delhi, Chennai & Other Cities

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

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💰 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

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🔍 Why the Surge in Gold?

The rise is attributed to:

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• 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.

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📝 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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