As global equity markets fall sharply due to the continuing impact of former U.S. President Donald Trump’s tariff war, many investors have shifted to commodities like gold and silver. This movement comes on what market watchers are calling “Black Monday,” with rising demand pushing up precious metal prices across Indian cities.

As per the Multi Commodity Exchange (MCX) data, the gold was trading around ₹88,000 per 10 grams, with marginal rise. Silver prices were hovering around ₹88,000 per kg. Data from the Indian Bullion Association (IBA) at 9:55 am showed 24-carat gold priced at ₹88,170 per 10 grams, while 22-carat gold was priced at ₹80,823 per 10 grams. Silver (999 fine) was priced at ₹88,690 per kg at the same time.

Below are the gold and silver prices in major Indian cities on April 7:

New Delhi
Gold bullion: ₹87,890 per 10 grams
MCX gold: ₹88,376 per 10 grams
Silver bullion: ₹88,260 per kg
MCX silver (999): ₹88,698 per kg

Mumbai
Gold bullion: ₹88,050 per 10 grams
MCX gold: ₹88,376 per 10 grams
Silver bullion: ₹88,420 per kg
MCX silver (999): ₹88,698 per kg

Hyderabad
Gold bullion: ₹88,190 per 10 grams
MCX gold: ₹88,376 per 10 grams
Silver bullion: ₹88,560 per kg
MCX silver (999): ₹88,698 per kg

Chennai
Gold bullion: ₹88,330 per 10 grams
MCX gold: ₹88,376 per 10 grams
Silver bullion: ₹88,650 per kg
MCX silver (999): ₹88,698 per kg

Kolkata
Gold bullion: ₹87,960 per 10 grams
MCX gold: ₹88,376 per 10 grams
Silver bullion: ₹88,280 per kg
MCX silver (999): ₹88,698 per kg

Bengaluru
Gold bullion: ₹88,140 per 10 grams
MCX gold: ₹88,376 per 10 grams
Silver bullion: ₹88,460 per kg
MCX silver (999): ₹88,698 per kg