Gold and Silver Prices in India – April 7: Check City-wise Rates

As global equity markets plunge amid the escalating fallout from Donald Trump’s ongoing tariff war, investors are fleeing to safe haven assets, triggering a significant rally in gold and silver prices. This sharp sell-off in equities, being termed as “Black Monday,” has fueled a fresh influx into commodities, particularly precious metals.

On April 7, early morning trade showed Multi Commodity Exchange (MCX) gold prices soaring to ₹88,376 per 10 grams, registering a rise of ₹301 or 0.34%, according to MCX data. Meanwhile, silver witnessed a sharper uptick, climbing by ₹1,487 or 2%, to trade at ₹88,698 per kg.

According to the Indian Bullion Association (IBA), as of 9:55 AM on April 7:

24-carat gold was priced at ₹88,170 per 10 grams 22-carat gold stood at ₹80,823 per 10 grams Silver (999 fine) was priced at ₹88,690 per kg

Gold and Silver Rates – April 7

New Delhi

Gold (10 gm): ₹87,890 Silver (1 kg): ₹88,260

Mumbai

Gold (10 gm): ₹88,050 Silver (1 kg): ₹88,420

Hyderabad

Gold (10 gm): ₹88,190 Silver (1 kg): ₹88,560

Chennai

Gold (10 gm): ₹88,330 Silver (1 kg): ₹88,650

Kolkata

Gold (10 gm): ₹87,960 Silver (1 kg): ₹88,280

Bengaluru

Gold (10 gm): ₹88,140 Silver (1 kg): ₹88,460