Gold Prices Drop Amid Global Trade Tensions: City-Wise Update for April 5

Gold prices in India have witnessed a decline following China's retaliatory tariffs against the United States, escalating trade tensions between the world's two largest economies. The tariffs, set at 34%, have triggered a global market sell-off, impacting commodities like gold and silver.

In Delhi, the price of 24-carat gold stands at ₹91,780 per 10 grams, while 22-carat gold is priced at ₹84,140. Mumbai and Chennai report similar trends, with 24-carat gold priced at ₹91,630 and ₹91,630 per 10 grams, respectively. The price for 22-carat gold in these cities is ₹83,990. Silver prices have also dropped, with rates hovering around ₹98,900 per kilogram in major cities.

The ongoing trade war has created uncertainty in global markets, influencing gold prices as investors seek safe-haven assets. Analysts predict that the volatility may persist, urging buyers to monitor market trends closely.

Sources: News18, Economic Times.