Trump Tariff Impact Visible on April 8th: Gold Reaches ₹89085, Silver ₹90392. IBJA Reports Fluctuations Across Carats and Cities.
Gold-Silver Price Today: On April 8th, 2025, gold and silver prices in India witnessed a decline. Former US President Donald Trump's new tariff policy destabilized the global economic environment, directly impacting precious metal prices. This impact was visible in India, where investors shifted from the stock market towards gold and silver.
Today's Gold-Silver Rates
According to the India Bullion and Jewellers Association (IBJA) website, 24-carat gold, priced at ₹91014 per 10 grams on Monday, dropped to ₹89085 on Tuesday morning. Silver is now ₹90392 per kilogram, down from ₹92910. These rates are valid until the market opens in the morning.
Carat-wise Decline in Gold Prices
Gold prices vary according to purity:
995 Carat Gold: ₹88728 per 10 grams
916 Carat (22 Carat): ₹81602 per 10 grams
750 Carat (18 Carat): ₹66814 per 10 grams
585 Carat (14 Carat): ₹52115 per 10 grams
Silver, with 999 purity, is trading at ₹90392 per kilogram.
Latest Gold Rates Across Cities
Fluctuations in gold prices were observed across various Indian cities. In cities like Delhi, Lucknow, Jaipur, and Mumbai, 22-carat gold is around ₹83,240 and 24-carat gold is around ₹90,800 per 10 grams. 18-carat gold is trading at ₹68,110 per 10 grams.
Factors Affecting Price Volatility
Gold rates in India are influenced by international market trends, the dollar-rupee exchange rate, import duty, GST, and domestic demand. Festive seasons, wedding seasons, and socio-economic conditions also impact demand. Consequently, investors closely monitor price fluctuations.
