Gold Price in your city: In a significant development for investors and consumers alike, gold prices surged to an all-time high on April 23, 2025, as global market uncertainty continues to rise. The ongoing trade war between the United States and China, a weakening US Dollar, and growing fears of an economic recession have triggered a flight to safe-haven assets like gold.
According to early market data at 8:50 AM, gold prices on MCX reached ₹97,350 per 10 grams, marking a historic high with a ₹10 increase. Simultaneously, 24-carat gold was quoted at ₹97,570/10 gm, while 22-carat gold stood at ₹89,439/10 gm, as per the Indian Bullion Association (IBA).
Silver, on the other hand, saw a slight dip on MCX, priced at ₹95,840/kg, down ₹593. However, IBA data showed Silver 999 Fine at ₹96,290/kg.
Here’s a detailed city-wise breakdown of gold and silver prices today in India:
Gold & Silver Rates in Major Indian Cities — April 23, 2025
Mumbai
- Gold Bullion (24K): ₹94,430/10 gm
- MCX Gold Rate: ₹95,221/10 gm
- Silver Bullion: ₹95,120/kg
- MCX Silver 999: ₹96,524/kg
New Delhi
- Gold Bullion (24K): ₹94,260/10 gm
- MCX Gold Rate: ₹95,221/10 gm
- Silver Bullion: ₹94,960/kg
- MCX Silver 999: ₹96,524/kg
Bengaluru
- Gold Bullion (24K): ₹94,500/10 gm
- MCX Gold Rate: ₹95,221/10 gm
- Silver Bullion: ₹95,200/kg
- MCX Silver 999: ₹96,524/kg
Chennai
- Gold Bullion (24K): ₹94,750/10 gm
- MCX Gold Rate: ₹95,221/10 gm
- Silver Bullion: ₹95,460/kg
- MCX Silver 999: ₹96,524/kg
Hyderabad
- Gold Bullion (24K): ₹94,620/10 gm
- MCX Gold Rate: ₹95,221/10 gm
- Silver Bullion: ₹95,330/kg
- MCX Silver 999: ₹96,524/kg
Kolkata
- Gold Bullion (24K): ₹94,350/10 gm
- MCX Gold Rate: ₹95,221/10 gm
- Silver Bullion: ₹95,060/kg
- MCX Silver 999: ₹96,524/kg
Why Are Gold Prices Soaring?
With mounting geopolitical tensions and inflationary concerns, investors are increasingly turning to gold as a safe investment. The uncertainty triggered by former US President Donald Trump’s tariffs war and fears of a global slowdown have led to massive shifts in asset allocation, benefiting the precious metals market.
What Should Investors Do?
Market experts advise caution. While the rally in gold prices signals investor anxiety, it also opens a window for strategic investments. Financial advisors recommend diversifying portfolios and consulting certified professionals before making any big moves.
As gold prices continue to rise sharply, April 23 marks a significant day in the precious metals market. Whether you’re an investor, jeweler, or buyer, staying updated with real-time rates and expert insights is crucial during this volatile period.
FAQs About Gold & Silver Prices on April 23, 2025
Is now a good time to invest in gold?
With gold at an all-time high, it’s important to assess long-term goals and consult financial experts before investing.
Why is silver price falling while gold is rising?
Silver’s price is influenced by both industrial demand and investment factors. The dip could be short-term due to market adjustments.
Where can I check real-time gold rates?
You can visit the official websites of MCX India or the Indian Bullion Association (IBA) for the most accurate updates.
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