Sat Apr 05 22:20:00 UTC 2025: ## Gold Prices Plunge in India Amidst US-China Trade Tensions

**Mumbai, India – April 5, 2024** – Gold prices in India experienced a significant drop today, following a global market downturn fueled by anxieties over escalating US-China trade tensions. Gold futures on the Multi Commodity Exchange (MCX) fell over 2% on Friday.

As of 9:15 am today, the Indian Bullion Association (IBA) reported the price of 24-carat gold at ₹89,360 per 10 grams, and 22-carat gold at ₹81,913 per 10 grams. Silver was priced at ₹87,720 per kilogram. In Mumbai, the price of gold bullion stood at ₹89,200 per 10 grams.

The decline is attributed to investor apprehension surrounding potential retaliatory actions from China in response to new US tariffs. While prices are currently down, analysts caution investors to consult with financial experts before making any investment decisions. This news follows a broader market selloff, impacting precious metals globally.

Read More