KKN Gurugram Desk | Gold and silver prices have witnessed a sharp fall following global market uncertainty caused by recession fears and ongoing tariff wars between major economies. As global stock markets reel under pressure, the impact is now clearly visible in the commodity markets, especially precious metals.
Investors looking for low-entry points into gold or silver may find this an ideal time to buy.
Gold Prices Fall Drastically
On Monday, gold prices fell sharply:
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24 Carat Gold dropped by ₹2,613 per 10 grams
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From ₹91,014 to ₹88,401
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22 Carat Gold fell to ₹86,280 per 10 grams
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18 Carat Gold was down to ₹78,680 per 10 grams
Current Gold Rates (April 8, 2025):
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24K Gold: ₹9,053 per gram
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22K Gold: ₹8,300 per gram
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18K Gold: ₹6,790 per gram
Silver Prices Also Decline Significantly
Along with gold, silver has also seen a major price cut:
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On Friday, silver closed at ₹92,910 per kg
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On Monday, it dropped to ₹88,375 per kg
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Today, silver is priced at ₹93.90 per gram or ₹93,900 per kg
This fluctuation opens a window for silver buyers and investors.
Gold Rates City-wise in India (Today’s Update)
| City | 22 Carat (₹/g) | 24 Carat (₹/g) |
|---|---|---|
| Delhi | ₹8,299 | ₹9,052 |
| Mumbai | ₹8,284 | ₹9,037 |
| Chennai | ₹8,284 | ₹9,037 |
| Jaipur | ₹8,299 | ₹9,052 |
| Patna | ₹8,289 | ₹9,042 |
| Lucknow | ₹8,299 | ₹9,052 |
| Ghaziabad | ₹8,299 | ₹9,052 |
| Noida | ₹8,299 | ₹9,052 |
| Gurugram | ₹8,299 | ₹9,052 |
Silver Prices in Major Cities (April 8, 2025)
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | ₹93,900 |
| Mumbai | ₹93,900 |
| Ahmedabad | ₹93,900 |
| Chennai | ₹1,02,900 |
| Hyderabad | ₹1,02,900 |
Why Are Gold and Silver Prices Falling?
There are a few global factors contributing to the drop in gold and silver prices:
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Recession fears in global markets
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Tariff wars between major economies impacting trade
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Rising US bond yields and dollar index strength
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Weak demand in international markets
These have led investors to pull out funds from commodities and move towards cash-based or low-risk assets.
Expert View: Is This a Good Time to Invest?
According to financial experts, short-term dips in gold prices present a great buying opportunity, especially for long-term investors. If you’re planning to purchase jewellery, invest in sovereign gold bonds, or diversify your investment portfolio, now might be the right time.
The sudden drop in gold and silver prices, driven by global economic turbulence, has given Indian consumers a rare chance to buy precious metals at discounted prices.
