Gold Prices Jitter As Fresh Israel Attacks Bring Geopolitical Uncertainty; Check City-Wise Rates Today

Gold and Silver Rates In India Today, April 09: Gold and silver prices in India fell on April 9, as Israel violated the 15-day ceasefire between the US and Iran and peace talks ahead by attacking the Hezbollah militant group in Lebanon.

Meanwhile, silver spot prices across India stood at Rs 1,50,000 per kg.

On the MCX, gold prices were trading down by 0.46 per cent at Rs 1,51,084 per 10 grams in the morning trade, while silver fell 1.52 per cent to Rs 2,36,233 per kg.

In Mumbai, the price of 24-carat gold rose to Rs 1,36,700 per 10 grams, while 22k gold was available at Rs 1,11,850 per 10 grams. These rates do not include GST and making charges.

A ceasefire truce to halt the war in Iran appeared fragile on Wednesday, as Tehran closed the Strait

of Hormuz again in retaliation for the Israeli strikes on Lebanon.

The United States sought to keep peace talks on track, demanding that the crucial waterway be reopened.

Israel intensified its attacks on the Hezbollah militant group in Lebanon, striking several residential and commercial areas in Beirut without warning. At least 182 people were killed and hundreds were injured in one of the deadliest days in the latest round of the Israel-Lebanon conflict.

What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On April 9?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,12,000	Rs 1,36,850
Jaipur	Rs 1,12,000	Rs 1,36,850
Ahmedabad	Rs 1,11,900	Rs 1,36,750
Pune	Rs 1,11,900	Rs 1,36,750
Mumbai	Rs 1,11,850	Rs 1,36,700
Hyderabad	Rs 1,11,850	Rs 1,36,700
Chennai	Rs 1,11,850	Rs 1,36,700
Bengaluru	Rs 1,11,850	Rs 1,36,700
Kolkata	Rs 1,11,850	Rs 1,36,700

Gold has fallen more than 14% so far this month, marking its steepest monthly decline since October 2008, pressured by the US dollar, which has gained more than 2% since the US-Israeli war on Iran began on February 28.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.