Gold Prices Surge Amid Trump’s Tariff Hike; Check Gold Rates in Your City Today, April 3

Gold prices on MCX rose by half a percent on Thursday, mirroring gains in international bullion markets amid heightened safe-haven demand. The surge followed U.S. President Donald Trump’s announcement of reciprocal tariffs on key trading partners. 

Trump introduced a minimum baseline tariff of 10%, with higher rates for specific nations: 34% for China, 24% for Japan, and 20% for the European Union. India, which imposes a 52% tariff on U.S. imports, will now face a 26% tariff in response.  

On the MCX, gold prices opened higher at ₹91,230 per 10 grams, compared to the previous close of ₹90,728. Following the opening, gold prices surged to a new high of ₹91,423 per 10 grams. As of 12:25 PM, it was up by 0.19% at ₹90,900. Meanwhile, silver prices opened lower at ₹99,658 per kg, down from the previous close of ₹99,753 and as of 12:38 PM, it was down 2.41%. 

As of 02:50 NY Time, spot gold was down 0.04% at $3,124.81 per ounce, after hitting an all-time high of $3,167.57 earlier in the session.

As of 12:30 PM (IST) in Chennai, 24-carat gold is priced at ₹8,945 per gram, while 22-carat gold costs ₹8,200 per gram. In Hyderabad, the price of 22-carat gold is ₹81,886 per 10 grams, while 24-carat gold is trading at ₹89,330 per 10 grams.

Gold Prices Across Major Indian Cities on April 3, 2025

Here is a detailed breakdown of gold prices as of April 3, 2025.

Silver Prices Across Major Indian Cities on April 3, 2025

Here are the latest silver (Silver 999 Fine) rates per kilogram in major Indian cities as of today.

Conclusion

Gold prices remained volatile amid global economic uncertainties and trade tensions, while silver prices showed mixed trends across major Indian cities. Investors are closely monitoring market movements as geopolitical developments continue to influence bullion prices.

Since precious metal prices fluctuate frequently, checking real-time rates can help in making informed choices.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.