Gold Price Today: 22K/100 Gms of Gold Jumps Rs 8,500 In Chennai & Hyderabad; 1 Kg Silver Price Rally Rs 1,000

Due to safe-haven customer demand brought on by growing concerns about the trade dispute and President Trump's rhetoric against Russia and Iran, gold prices saw an enormous rise on the domestic market on Tuesday, April 1. Investors are expected to keep an eye on bullion as we enter FY26, which is attributable to the ongoing strengthening of macro tailwinds on several fronts, as well as the weakening in global markets and the prediction of weaker US economic data. As a result of safe haven spending in reaction to rising inflation fears and global trade conflicts, spot gold prices surged above $3120 per ounce on Monday, setting a new high after the US Dollar bounced back from 1-week lows.

Gold & Silver Price In Hyderabad - Chennai Today

Today, 24 carat gold costs Rs 9,284 per gramme, 22 carat gold costs Rs 8,510 per gramme in Hyderabad and Chennai.

Tuesday's prices for 22k of 10 grams of gold in Hyderabad and Chennai were Rs 85,100, up Rs 850 from Monday's prices of Rs 84,250. Meanwhile, today's price for 22k of 100 grams of gold in the cities is Rs 8,51,000, up Rs 8,500 from yesterday's price of Rs 8,42,500. While 24k of 100 gms of gold would cost Rs 9,28,400 in the cities today compared to Rs 9,19,100 yesterday, reflecting a price spike of Rs 9,300, 24k of 10 grams of gold prices in Hyderabad and Chennai climbed Rs 92,840 on Tuesday compared to Rs 91,910 on Monday, showing a price jump of Rs 930.

While 18k of 100 gms of gold would cost Rs 6,96,300 today as opposed to Rs 6,89,400 yesterday, reflecting a price increase of Rs 6,900, 18k of 10 grams of gold went up to Rs 69,630 in Hyderabad on Tuesday from Rs 68,940 on Monday, marking a price increase of Rs 690. In contrast, the price of 18k of 10 grams of gold in Chennai jumped to Rs 70,200 on Tuesday from Rs 69,500 on Monday.

Silver currently costs Rs 114 per gram and Rs 1,14,000 per kilogramme in Chennai and Hyderabad. In the cities, the price of 10 grams of silver risen to Rs 1,140 from Rs 1,130 on Monday, 100 grams of silver will cost Rs 11,400 from Rs 11,300 yesterday, and the price of 1 kg of silver in Chennai and Hyderabad rose to Rs 1,14,000 from Rs 1,13,000 on Monday, a Rs 1,000 rise.

MCX Gold Outlook Today

"Technically, MCX Gold have extended its winning streak and have closed at fresh all time high levels. It is in very strong momentum and positive trend. It is approaching its Fibonacci resistance area which is placed at 90,776 level. Some cool is expected around those levels. On intraday levels good support is placed at 89400 level and resistance is now placed at 90,750 levels," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to higher for the day, after gold prices hitting a record high, as a wave of volatility sent traders to havens ahead of President Donald Trump's expected tariff rollout, which has heightened concerns that the global economy is heading for a trade war," commented the research analysts of Nirmal Bang Securities.

Spot Gold Outlook Today

"Gold is expected to move higher towards $3150 level on expectation of weakness in dollar and US treasury yields. Further, escalating global trade tension and US President Donald Trump's new reciprocal tariff policies would increase the safe haven appeal of the yellow metal. Moreover, weakness in the global equities and forecast of softer US economic numbers would bring more inflows in the bullions," the broking firm ICICI Direct said in a note.

"On the data front fresh addition of OI in OTM put strikes indicates gold to hold strong support near $3100 and on the upside immediate resistance exists near $3150 level. A move above $3150 would rise further towards $3170. MCX Gold June is expected to rise towards ₹91,800 level as long it holds the support near ₹90,200 level," Pankaj Pandey - Head - Research at ICICI Direct Research.

Disclaimer

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