Gold prices in your city today, April 22: The escalating tariffs war between the United States and China, has shaken global markets and driven investors to secure their portfolios with safe haven assets. This has pushed gold prices up by more than 25 per cent so far this year.
Donald Trump’s tariffs, a falling Dollar, fears of an economic recession have caused gold prices to skyrocket — nearing ₹1 lakh (MCX and Bullion) in some metro cities.
Gold MCX prices at 9.10 am on April 22, hit a new all-time high of ₹98,900 per 10 grams, up by ₹1,621/10 gms — a new all-time high, as per data on the official website; and MCX Silver prices also rose by ₹508/kg, to ₹95,755/kg, it showed.
What Will Customers Pay: Gold Prices Cross ₹1 lakh?
Further, 24-carat gold was priced at ₹99,380/10 gm, according to data on the Indian Bullion Association (IBA) at 11.30 am on April 22. Further, 22-carat gold was priced at ₹91.098/10 gms. And, Silver, meanwhile, was priced at ₹96,150/kg (Silver 999 Fine) at 11.30 am on April 22, as per the IBA website.
See gold prices and silver prices in your city on April 22 here. Check details here for gold and silver prices in Bengaluru, Chennai, Hyderabad, Kolkata, the financial capital of Mumbai, and the national capital New Delhi.
Notably, for retail customers, especially in Delhi, Chennai and Mumbai, where gold prices are around the ₹99,500 levels, when GST is added to the bill, you will pay ₹1 lakh or more for 10 grams of gold.
GST applied on gold purchases in India is 3 per cent (comprising 1.5 per cent CGST and SGST each). Thus, for gold worth ₹1 lakh you will shell out ₹3,000 towards GST.
Gold and Silver Prices in Bengaluru — April 22
- Gold bullion rates in Bengaluru — ₹99,270/10 gm.
- MCX Gold rate in Bengaluru — ₹98,900/10 gm.
- Silver bullion rate in Bengaluru — ₹96,060/kg.
- MCX Silver 999 rate in Bengaluru — ₹95,755/kg.
Gold and Silver Prices in New Delhi — April 22
- Gold bullion rates in New Delhi — ₹98,970/10 gm.
- MCX Gold rate in New Delhi — ₹98,900/10 gm.
- Silver bullion rate in New Delhi — ₹95,700/kg.
- MCX Silver 999 rate in New Delhi — ₹95,755/kg.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
