Gold prices across major Indian cities experienced a notable increase on April 9, 2025, following a significant decline the previous day. The rise in prices comes amidst ongoing global economic uncertainty, particularly after U.S. President Donald Trump announced new tariffs that have rattled markets.
As of today, 24-carat gold is priced at ₹9,059 per gram in Delhi, a sharp increase from ₹8,988 per gram yesterday. Similarly, 22-carat gold is now at ₹8,305 per gram, up from ₹8,240 the day before. In Mumbai, the price of 24-carat gold has risen to ₹9,044 per gram from ₹8,973, while 22-carat gold is now priced at ₹8,290 per gram, an increase from ₹8,225.
Gold prices also reflect a growing trend in consumer behavior, as buyers continue to seek the yellow metal as a safe haven amid fears of recession. The average rate of 22-carat gold in Delhi over the last 10 days has been ₹8,390.90, while the average for 24-carat gold has been ₹9,152.60.
In Chennai, 24-carat gold is priced at ₹9,044 per gram, up from ₹8,973, and 22-carat gold is at ₹8,290, an increase from ₹8,225. The same prices apply in Bengaluru and Hyderabad, indicating a consistent rise across major cities.
In Ahmedabad, 22-carat gold is priced at ₹8,229 per gram, with 24-carat gold at ₹9,049. Meanwhile, in Kolkata, both 22-carat and 24-carat gold are priced at ₹8,290 and ₹9,044, respectively.
The increase in gold prices is attributed to a combination of local demand and international market trends. Global gold prices have seen fluctuations, closely tied to the strength of the U.S. dollar and geopolitical tensions. Today, the COMEX gold price is trading around $3,035.4 per troy ounce, which influences Indian market rates significantly.
Despite the recent uptick in prices, analysts suggest that gold remains a stable investment choice. The demand for gold in India, the second-largest consumer of the metal after China, is not only cultural but also linked to economic strategies and market behavior. A significant portion of this demand is met through imports, although recycled gold also plays a vital role.
In the futures market, the gold June 5 contract on the Multi Commodity Exchange (MCX) opened at ₹87,998 per 10 grams, gaining ₹350 from the previous close. It has been trading actively, reflecting strong buying interest amid recession fears.
As for silver, prices have also witnessed a decline, with one kilogram now standing at ₹93,900 in Delhi, Mumbai, and Kolkata, while in Chennai and Hyderabad, it is priced at ₹1,02,900.
Overall, the gold market is responding to a complex interplay of domestic demand and international influences. Investors are advised to keep a close eye on market trends and consult with financial experts before making any significant investment decisions.
As the situation evolves, those looking to buy gold should stay informed about daily price changes and market conditions. The enduring love for gold in India, coupled with its status as a reliable asset, ensures that it will remain a focal point for investors and consumers alike.
