Sat Apr 05 02:20:00 UTC 2025: ## Gold and Silver Prices Plunge in India Amidst Global Market Uncertainty

**New Delhi, April 5, 2025** – Gold and silver prices in India have experienced a significant drop, mirroring global market instability triggered by the US reciprocal tax tariffs and fears of a global recession. The precious metals, typically considered safe haven assets, have seen their value decline sharply.

In Delhi, the price of 24-carat gold fell by ₹980 per 10 grams today, marking a ₹2,720 drop over the past two days. 22-carat gold also saw a decrease, with a total decline of ₹2,500 per 10 grams over the same period. Silver prices in Delhi have fallen for a third consecutive day, plummeting by ₹11,000 per kilogram over three days and currently trading well below ₹100,000 per kilogram. This is a sharp contrast to recent highs, with silver briefly touching ₹105,000 per kilogram and gold exceeding ₹93,000 per 10 grams just days ago.

Prices across major Indian cities show a similar trend:

* **Delhi:** 24-carat gold ₹90,810/10g; 22-carat gold ₹83,250/10g
* **Mumbai, Kolkata, Chennai:** 24-carat gold around ₹90,660/10g; 22-carat gold around ₹83,100/10g
* **Hyderabad, Bengaluru:** 24-carat gold around ₹90,660/10g; 22-carat gold around ₹83,100/10g
* **Patna:** 24-carat gold ₹90,710/10g; 22-carat gold ₹83,150/10g
* **Lucknow, Ahmedabad, Jaipur:** Prices similar to Delhi.

Silver prices in Mumbai and Kolkata mirror Delhi’s prices, while Chennai shows a slightly higher price at ₹103,000 per kilogram.

The decline is attributed to the impact of US tariffs on global markets, escalating concerns about a potential recession, and subsequent investor sell-offs. The situation underscores the interconnectedness of global markets and the vulnerability of even safe-haven assets during times of economic uncertainty.

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