Gold prices in India extended their fall with 24K gold now below Rs 90,500 per 10 grams levels on Monday, April 7. On the other hand, MCX gold price slipped to hit an intraday low of Rs 87,830 per 10 grams. In the cities of Kolkata and Kerala, gold prices have also dropped significantly. The prices of the two cities are similar; however, there is a massive difference in silver prices.
24K gold price in both the cities has dropped by Rs 2,800 in 100 grams to Rs 9,03,000, while it was down by Rs 280 in 10 grams to Rs 90,380 each. 8 grams gold is down by Rs 224 to Rs 72,304, and 1 gram is lower by Rs 28 to Rs 9,038.
Meanwhile, 22K gold price plunged by Rs 2,500 to Rs 8,28,500 per 100 grams, and had dipped by Rs 250 to Rs 82,850 per 10 grams each. 8 grams and 1 gram of 22K slipped by Rs 200 and Rs 25 to Rs 66,280 and Rs 8,285 respectively.
Finally, the 18K gold price dropped by Rs 2,000 to Rs 677,900 in 100 grams, down by Rs 200 to Rs 67,790 in 10 grams, and further lower by Rs 160 to Rs 54,232 per 8 grams, and lastly down by Rs 20 to Rs 6,779 per 1 gram each.
Kerala: 1 kg silver price was at Rs 1,03,000 on April 7th, while 100 grams and 10 grams silver was at Rs 10,300 and Rs 1,030 on Monday. 8 grams is at Rs 824, and 1 gram of silver is at Rs 103.
Kolkata: In this city, 1 kg silver is available at Rs 94,000 on Monday, while 100 grams and 10 grams are at Rs 9,400 and Rs 940 respectively. Furthermore, 8 grams is priced at Rs 752, and 1 gram is available at Rs 94.
MCX Gold, Silver Prices:
MCX gold, with a June 2025 expiry, is at Rs 88,331 per 10 grams, up by Rs 236 or 0.27% currently. In the early trade, the bullion touched an intraday high and low of Rs 88,585 and Rs 87,830 per 10 grams.
MCX silver price, with May 2025, climbed by Rs 1,953 or 2.24% to Rs 89,164 per 1kg, at the time of writing. This commodity touched the day's high and low of Rs 89,739 and Rs 87,678 per 1Kg respectively.
Gold prices in India tracked the performance of international gold. As per Trading Economics data, gold dropped below $3,030 per ounce on Monday, marking its third consecutive session of losses, as profit-taking and margin calls in other asset classes prompted investors to liquidate some of their gold holdings to cover losses.
Furthermore, Trading Economics data, said, President Donald Trump's broadening trade war drove a sharp slide in financial markets amid fears that it could push the global economy into a recession. Trump's blanket 10% tax on imports is now in effect, with even steeper tariffs for many countries expected to be implemented later this week. Meanwhile, Federal Reserve Chairman Jerome Powell warned that tariffs raised the risks of higher inflation and slower economic growth, underscoring a difficult path ahead for policymakers.
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