24 Carat Gold Prices Decline in India: Latest Updates for April 2025

As of April 10, 2025, the price of 24 carat gold has seen a significant decrease in India, with rates dropping across major cities. In New Delhi, the price fell by Rs 1,050, bringing the cost to Rs 90,200 per 10 grams, down from the previous closing price of Rs 91,250. Similarly, 99.5% purity gold was priced at Rs 89,750 per 10 grams, reflecting a similar decline.

Current Gold Prices in Major Indian Cities

The current rates for gold in various Indian cities as of today are as follows:

• New Delhi:
  • 24 Carat: Rs 90,600/10 grams
  • 22 Carat: Rs 83,060/10 grams
• Mumbai:
  • 24 Carat: Rs 90,450/10 grams
  • 22 Carat: Rs 82,910/10 grams
• Chennai:
  • 24 Carat: Rs 90,450/10 grams
  • 22 Carat: Rs 82,910/10 grams
• Kolkata:
  • 24 Carat: Rs 90,450/10 grams
  • 22 Carat: Rs 82,910/10 grams

These prices represent a noticeable shift in the Indian gold market, aligning with fluctuations in international markets.

Global Trends Affecting Gold Prices

Despite the decline in the Indian market, the global gold market showed an upward trend, with spot gold increasing by USD 61.98, or 2.08%, reaching USD 3,044.14 per ounce. This increase is a result of heightened safe-haven demand amid rising geopolitical tensions, particularly stemming from trade disputes involving the United States and China.

Historically, gold prices tend to rise during periods of economic uncertainty as investors flock to assets perceived as safer. In 2025 alone, gold has surged more than USD 400, peaking at a record high of USD 3,167.57 on April 3. ## Reasons for the Price Decrease in India

According to the All India Sarafa Association, the decline in gold prices is attributed primarily to the lack of demand from stockists and retailers. The economic environment has caused some investors to reevaluate their purchasing strategies, possibly holding back on purchases in anticipation of future price movements.

Analyst Saumil Gandhi from HDFC Securities noted that gold’s recent recovery to USD 3,030 has been influenced by fears of a potential global trade war, further driving demand for gold as a safe-haven asset. This concern has been exacerbated by recent tariff implications introduced by the U.S. on Chinese goods, which are set to rise significantly.

The Impact of Tariff Strategies

The current trade situation sees the U.S. imposing additional tariffs on various Chinese imports, with the latest rates reaching a staggering 104 percent. As a consequence, China has indicated that it would retaliate, heightening fears of an escalation into a more extensive trade conflict. Such developments have led to increased volatility in global markets, influencing investor behavior.

Additionally, the implications of President Trump’s tariff policies have pressured the U.S. dollar, which has fallen for two consecutive days, inadvertently benefiting gold prices.

Silver Prices on the Rise

While gold prices have seen a downturn, silver has trending positively, increasing by Rs 500 to Rs 93,200 per kilogram in India, moving up from Rs 92,700. Globally, spot silver has also witnessed a rise, trading nearly 2% higher at USD 30.41 per ounce.

Market analysts, including Chintan Mehta from Abans Financial Services, are keeping a close eye on evolving tariff strategies and their broader economic implications, suggesting a cautious watch on upcoming U.S. inflation data and Federal Reserve meeting minutes.

Conclusion

In summary, the fluctuations in the prices of gold and silver highlight ongoing uncertainties in both local and global markets. With gold prices experiencing declines amid weak local demand and broader global influences affecting market sentiment, investors are advised to remain mindful of the evolving economic landscape.

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