On April 7, 2025, gold prices experienced a significant decline across major Indian cities, offering a glimmer of hope for buyers amidst the recent volatility in global markets. The price of 18-carat gold per gram in Delhi 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, the trend mirrored that of Delhi, with 18-carat gold priced at ₹6,798, a slight drop from ₹6,799. The 22-carat variant fell to ₹8,309, down from ₹8,310, and 24-carat gold was priced at ₹9,065, down from ₹9,066. Buyers in Bangalore saw the same prices as Mumbai, with 18-carat gold at ₹6,798, 22-carat at ₹8,309, and 24-carat at ₹9,065.
Chennai's gold prices also reflected the downward trend, with 18-carat gold priced at ₹6,844, down from ₹6,845. The 22-carat gold remained at ₹8,309, and 24-carat gold was priced at ₹9,065, consistent with the previous day's rates. In Hyderabad, the gold prices were identical to those in Mumbai, with 18-carat gold at ₹6,798, 22-carat at ₹8,309, and 24-carat at ₹9,065.
According to the Multi Commodity Exchange (MCX), gold was trading around ₹88,000 per 10 grams, reflecting a marginal rise. The Indian Bullion Association reported that 24-carat gold was priced at ₹88,170 per 10 grams, while 22-carat gold was at ₹80,823 per 10 grams. Silver prices hovered around ₹88,690 per kg.
As per reports, the decline in gold prices comes amid a broader market sell-off triggered by U.S. President Donald Trump's tariff announcements, which have sent shockwaves through global equity markets. This situation has been termed "Black Monday" due to the significant declines in stock indices, with Nifty and Sensex dropping nearly 5% during the opening session.
Despite these challenges, the decline in gold prices presents an opportunity for buyers looking to invest in gold as a safe haven asset during turbulent times. Analysts suggest that the current market dynamics may offer a favorable window for purchasing gold at relatively lower prices.
In New Delhi, gold bullion was priced at ₹87,890 per 10 grams, while silver bullion was at ₹88,260 per kg. In Mumbai, the MCX gold price stood at ₹88,376 per 10 grams, and silver was priced at ₹88,698 per kg. The situation in Hyderabad was similar, with gold bullion at ₹88,190 per 10 grams and silver at ₹88,560 per kg. Chennai saw gold bullion priced at ₹88,330 per 10 grams, with silver at ₹88,650 per kg.
In Kolkata, the gold bullion price was ₹87,960 per 10 grams, while silver stood at ₹88,280 per kg. Bengaluru's gold bullion was priced at ₹88,140 per 10 grams, with silver at ₹88,460 per kg. These fluctuations in gold prices across major cities indicate a broader trend driven by market volatility.
The recent decline in gold prices follows a period of significant increases, where gold prices surged due to safe-haven buying amid market uncertainty. Experts believe that the current decline is a result of investors selling off gold 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 fluctuation in prices means that potential investors should weigh their options carefully before making purchases. With the current prices, there is an opportunity for buyers to acquire gold at lower rates compared to previous weeks.
In summary, gold prices have seen a notable decline across major Indian cities on April 7, 2025, influenced by broader market trends and economic uncertainties. As investors navigate these turbulent waters, the current prices may present a strategic opportunity for those looking to invest in gold as a hedge against market volatility.
