Mon May 12 04:40:00 UTC 2025: ## Gold Prices Dip in India Amidst Easing US-China Trade Tensions
**Mumbai, India** – Gold prices experienced a sharp decline on the Multi Commodity Exchange of India (MCX) on Monday, dropping 2.33% to ₹94,265 per 10 grams at 9:05 AM. This downturn follows a period of price increases attributed to global economic uncertainty, geopolitical tensions, and strong central bank demand. The fall is largely attributed to renewed optimism surrounding a potential US-China trade agreement, which boosted investor risk appetite and reduced the safe-haven appeal of gold.
The MCX opening price for gold was ₹95,500 per 10 grams, down from the previous closing price of ₹96,518. Silver also saw a decrease, falling 0.60% to ₹96,151 per kilogram.
Regional variations in prices were observed. In Delhi, the price of 24-carat gold stood at ₹9,703 per gram, 22-carat at ₹8,895, and 18-carat at ₹7,278. Similar pricing patterns, with slight variations, were reported in Srinagar and Amritsar. Silver prices in Amritsar were ₹97.90 per gram and ₹97,900 per kilogram, while Noida reported a price of ₹98.90 per gram and ₹98,900 per kilogram. The article provides specific prices for various gold karats in these cities.
First Piper 