Gold and Silver Prices Decline Following Trump's Tariff Announcement. 24-carat gold was priced at ₹90,345, and silver at ₹95,957 per kilogram. Investors are advised to monitor the market.
Gold-Silver Price Today: Following former US President Donald Trump's tariff announcement, global markets experienced volatility. This impact was felt in India, resulting in fluctuations in the prices of gold and silver alongside the stock market. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold decreased to ₹90,345 per 10 grams on Thursday, while silver was priced at ₹95,957 per kilogram. These rates were effective until Friday morning; further changes are expected after market opening.
Check Gold and Silver Rates in Your City
Variations in gold and silver prices were observed across different cities in India. In major cities like Delhi, Mumbai, Kolkata, and Chennai, 24-carat gold ranged from ₹91,190 to ₹91,340, while 22-carat gold ranged from ₹83,590 to ₹83,740. 18-carat gold prices were recorded between ₹68,390 and ₹68,990. Ahmedabad, Jaipur, Patna, Lucknow, Ghaziabad, Noida, Ayodhya, Gurugram, and Chandigarh also saw gold prices within a similar range.
Key Factors Influencing Gold and Silver Prices
Fluctuations in gold prices in India are dependent on international market conditions. Global gold rates, the exchange rate between the US dollar and the Indian rupee, import duties, GST, and taxes all impact gold and silver prices.
Furthermore, increased demand during festive seasons and weddings in India often leads to a surge in gold prices. It is crucial for investors to continuously monitor the changing prices of gold and silver to make informed investment decisions at the opportune time.
Will Gold Prices Fall Further or Rise?
Market experts believe that Trump's tariff announcement and global economic policies may cause further fluctuations in gold and silver prices in the coming days. Investors are advised against hasty decisions and to assess the current market conditions before making investments. For daily updates on gold prices, regularly check the official website ibjarates.com.
