Trump’s announcement of tariff not only shaken the global stock markets but also saw a big change in gold and silver prices in India. Due to the impact of this decision, the interest of investors has once again moved towards safe investment i.e. gold. As a result, there was a sharp fluctuations in the prices of gold and silver.
According to the India Bullion and Jewelers Association (IBJA), the price of 24 carat gold was reduced to ₹ 91,014 per 10 grams on Friday, April 4. The price of silver also fell to ₹ 92,910 per kg. There was no change in the rate due to the market being closed on Saturday and Sunday and this rate will remain effective till the market opens on Monday, April 7, 2025.
Now let’s talk about different carat prices of gold and know what is the gold price in your city.
Today’s gold-silver prices (7 April 2025, Monday)
Latest rate issued by India Bullion and Jewelers Association (IBJA):
| Gold purity | Morning rate (₹ ₹ 10 grams) |
|---|---|
| 999 (24k pure) | ₹ 91,014 |
| 995 | ₹ 90,650 |
| 916 (22k) | ₹ 83,369 |
| 750 (18k) | ₹ 68,261 |
| 585 (14k) | ₹ 53,243 |
| Silver (999) | ₹ 92,910 per kg |
22 carats, 24 carats and 18 carat gold prices in cities (7 April 2025)
| City name | 22 carat (₹) | 24 carat (₹) | 18 carat (₹) |
|---|---|---|---|
| Chennai | ₹ 83,090 | ₹ 90,650 | ₹ 68,440 |
| Mumbai | ₹ 83,090 | ₹ 90,650 | ₹ 67,980 |
| Delhi | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Kolkata | ₹ 83,090 | ₹ 90,650 | ₹ 67,980 |
| Ahmedabad | ₹ 83,140 | ₹ 90,700 | ₹ 68,030 |
| Jaipur | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Patna | ₹ 83,140 | ₹ 90,700 | ₹ 68,030 |
| Lucknow | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Ghaziabad | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Noida | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Ayodhya | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Gurugram | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
| Chandigarh | ₹ 83,240 | ₹ 90,800 | ₹ 68,110 |
Major factors affecting gold prices in India
Gold prices in India do not depend only on market demand and supply. There are many global and domestic factors behind this, which up and down its prices daily.
1. Impact of international market
International prices of gold have a direct impact on India’s rates. If gold prices in the global market rise, then it also shows its effect in India. Due to trade in US dollars, dollar fluctuations are also a major reason for this.
2. Import duty and tax
India is the biggest importer of gold. Most of the gold comes from outside here. Therefore, if the government changes the import duty or GST, then the prices of gold are immediately affected.
3. Rupee-dollar exchange rate
The weakness or strength of the rupee against the dollar also affects gold prices. When the rupee is weak, imports are expensive, and gold prices increase.
4. Local demand
The demand for gold increases during the wedding and festivals season, which leads to a rise in prices. At the same time, when the demand is low, the fall in prices is seen.
5. Political and economic uncertainty
For example, Trump’s tariff announcement recently caused a stir in the stock market and investors ran towards Gold. Such global events can also uplift the gold rate.
Impact of Trump’s tariff: Why boom in gold prices?
Tariff’s declaration by Trump has once again shocked the global financial system. The old memories of the trade war between the US and China are refreshed. In such a situation, it is not new to bounce in gold prices. At such a time, investors mostly turn to ‘safe haven’ or safe investment and gold is their first choice.
Such incidents increase uncertainty, leading to a decline in equity markets. The result is that investors who are afraid of the stock market start investing their money in gold. And when demand increases, prices are decided to rise.
Trump’s announcement that a huge fee will be imposed on US products, it is considered an injury to global trade. This can also cause instability in dollars and investors relieve in gold. This is the reason why 24 carat and 22 carat gold prices suddenly increased.
Should I invest now? Know the strategy of investors
Now the question arises whether it would be right to invest in gold at this time? The answer is straightforward – it depends on your investment strategy. If you are a long-term investor and want to add a little gold to the portfolio, this can be a suitable time.
Some important reasons to invest:
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Safe Heaven Asset: When geopolitical stress or economic instability increases in the world, gold becomes a safe option.
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Price protection: Gold proves to be a great defense against inflation.
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Diversification: Gold plays an important role to diversify the investment portfolio.
How to invest?
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Gold etf – Investing in gold in digital ways.
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Sovereign Gold Bond – Profit with interest, released by RBI.
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Jewelery – Traditional investment, but take care of making charge.
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Digital gold – Payment can be purchased from apps.
But keep in mind, if the prices have already gone up very much, it can be prudent to wait a little.
What is the difference between IBJA rate and local market rate?
The rates declared by IBJA i.e. India Bullion and Jewelers Association are considered standard across India. But if you go to a local shop, then the rates there may be different. Why? Let’s know.
Benefits of ibja rate:
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It is the average rate, based on data from major cities.
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This does not include tax and making charge.
Difference due to local market rate:
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The price increases by adding making charge and GST.
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Shopkeeper’s branding and other costs are also added.
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Many times the rate can also go up due to high demand and low supply.
If you are checking the price online or apps, the IBJA rate gives you a basis. But while shopping, please confirm the price from the shopkeeper.
What is the difference between 14k, 18k, 22k and 24k gold?
Many people live in confusion about gold carats. Is 24k the best? 22k is right for jewelery or 18k? Here we clearly tell you which carat is suitable for whom.
| Carat | Percentile purity | Use |
|---|---|---|
| 24K | 99.9% pure | Investment, coins, bars |
| 22k | 91.6% pure | Jewelery |
| 18k | 75% pure | Designer jewelery, clocks |
| 14K | 58.5% pure | Cheap and strong jewelery |
Understand in easy language:
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24K Gold is the pure, but it is very soft, so it is less used in jewelery.
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22k Gold is most commonly used in jewelery because it adds some other metals to make it durable.
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18k And 14K Gold is for those who like to wear strong and stylish jewelery.
Today, why is there a price of gold in your city separate?
Why does the city to city gold prices difference? This question is very common but the answer is hidden in many things.
The main reason:
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Transportation Cost: In metro cities where gold supply reaches directly, rates are low. Rates may increase in small cities.
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Local Tax: State governments apply separate taxes which can make the price difference.
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Demand-split: Prices can go up slightly where there is more demand.
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Competition: Due to more jewelery shops in the city, customers can get better rates.
Therefore, the rates of Chennai and Lucknow may see a difference in a single day. It is always better to confirm with the local jeweler of your city.
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The post Gold-Silver Price Today 7 April 2025: The tariff announcement of Trump has a huge movement in the price of gold and silver, know the fresh rate and your city price first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
