Gold and silver prices in your city today, April 21: Gold prices hit a record high at opening on April 21, with MCX gold reaching ₹96,85 per 10 grams, data on the official website showed. This comes as the world deals with the impact of United States President Donald Trump's tariff war, that has led to weakening of the US Dollar.
In fact, the USD's weakness against its peers supported gold prices, with the MCX Gold June 5 contract trading 1.36 per cent higher at ₹96,552/10 grams at around 9.10 am today. And international spot gold prices also hitting a record high of $3,384 during the session. How so? When the US currency weakens, gold is cheaper in other currencies, enhancing its demand.
Gold, silver, and commodities continue to be investors' choice as they seek to safeguard their portfolios from market volatility amid rush for safe haven assets due to the escalating US-China trade war.
At time of writing (11.35 am), MCX gold rates were at ₹96,610/10 gm, up by ₹1,356/10 gms, and MCX Silver prices were also up by ₹1,013/kg, to ₹96,050/kg.
Further, 24-carat gold was priced at ₹96,850/10 gm, according to data on the Indian Bullion Association (IBA) at 11.35 am am on April 21. Further, 22-carat gold was priced at ₹88,779/10 gms. And, Silver, meanwhile, was priced at ₹96,500/kg (Silver 999 Fine) at 11.35 am on April 21, as per the IBA website.
Check city-wise gold prices and silver prices in your cities on April 21 here. See here for the full list for gold and silver prices in Bengaluru, Mumbai, Hyderabad, Kolkata, New Delhi, and Chennai.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.