Gold-Silver Price Today: The increasing tariff war between the US and China has shaken the global market. During this time, people are securing their portfolio by buying gold as a safe investment. This is the reason why the price of gold has increased by up to 25 percent so far this year. President Donald Trump's tariff policy, a weakening dollar, and fears of economic recession have forced the prices of gold to skyrocket.
This is the price of gold and silver on MCX today.
On April 22, at 7 am, the price of gold on MCX increased by Rs 73 per 10 grams to Rs 97,352 per 10 grams, which is a new high level so far. Similarly, the price of silver on MCX has also increased by Rs 238 per kg to Rs 97,275 per kg. According to the data of the Indian Bullion Association (IBA), the price of 24 carat gold today is Rs 97,560 per 10 grams. Apart from this, the price of 22 carat gold is Rs 89,430 per 10 grams. According to the IBA website, the price of silver was Rs 95,720 per kg at 7 am on April 22.
Latest price of gold and silver
The price of 10 grams of 24 carat gold in Mumbai, Kolkata and Chennai today is Rs 98,360. Whereas in the national capital Delhi, it is Rs 98,510 per 10 grams. The price of 10 grams of 22 carat gold in Mumbai is Rs 90,160, equal to Kolkata, Bengaluru, Chennai and Hyderabad. At the same time, the price of 10 grams of 22 carat gold in Delhi is Rs 90,310. The price of one kilogram of silver in Delhi, Kolkata and Mumbai is Rs 1,01,100. The price of one kilogram of silver in Chennai is Rs 1,11,100.
Gold prices rise in America too
Gold prices also rose to a record high in America on Tuesday. Demand for gold as a safe investment has increased due to Trump's criticism of Fed Reserve Chairman Jerome Powell and fears of hindrance in economic growth amid growing tensions over trade. Spot gold rose 0.1 percent to $3,429.03 an ounce in early trade, after hitting a record high of $3,443.79 an ounce.