Trump's Tariff Announcement Pushes Gold Price Up to ₹91,205 per 10 Grams, While Silver Dips to ₹97,300 per Kg. Market Volatility Expected; Investors Urged to Remain Cautious.
Gold-Silver Price: US President Donald Trump's announcement of new tariffs on several countries, including India, China, and Pakistan, impacted gold and silver prices. On Thursday, the price of 24-carat gold reached ₹91,205 per 10 grams, while silver fell to ₹97,300 per kilogram.
Price Fluctuations Expected Throughout the Day
Further changes in gold and silver prices are anticipated after market opening. Significant price fluctuations are expected throughout the day, requiring investors to exercise caution. According to the India Bullion and Jewellers Association, price variations are observed based on gold purity.
Variations in Gold Prices Across Cities
Gold prices vary across different cities in India. In Mumbai, Kolkata, and Chennai, 24-carat gold remained at ₹91,190 per 10 grams, while in cities like Delhi, Jaipur, and Lucknow, it reached ₹91,340 per 10 grams. The price of 22-carat gold in these cities ranged from ₹83,590 to ₹83,740.
Factors Affecting Gold Prices
Gold prices in India are influenced by various factors, including international market rates, import duties, taxes, and the rupee's exchange rate against the dollar. Furthermore, increased demand during wedding seasons and festivals often contributes to price hikes.
