Gold Rate Today: Price Drops by ₹1,050 in Delhi Amid Global Trade War Concerns, Silver Rises ₹500

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In a major development for investors and jewellers alike, the Gold Rate Today in Delhi witnessed a steep decline of ₹1,050 per 10 grams, bringing the retail market price down to ₹90,200. Analysts attribute this drop to weak domestic demand and growing concerns over a potential global trade war, which has triggered shifts in investor behavior.

This marks a significant fall from Tuesday’s rate of ₹91,250 per 10 grams, signaling a cautious atmosphere among stockists and retail buyers in the national capital.

Silver Prices Surge While Gold Drops

In contrast to the falling gold prices, silver saw an upward trend. The price of silver increased by ₹500, taking it to ₹93,200 per kilogram. This rise was driven by industrial demand and a positive global outlook for the metal.

As of Wednesday, 99.5% purity gold also fell by ₹1,050 to reach ₹89,750 per 10 grams, down from ₹90,800 a day earlier.

Gold Prices on the Global Stage

Globally, gold prices are painting a different picture. Spot gold jumped by $61.98 or 2.08%, pushing it to $3,044.14 per ounce.

According to Saumil Gandhi, Senior Analyst at HDFC Securities, “Fears of a global recession and a potential trade war have driven gold to $3,030 levels as investors seek safer assets.”

This international price rally is in stark contrast to the domestic slump, which appears to be more demand-driven within India.

Global Trade War Speculations Add Fuel to the Fire

The renewed fears of a global trade war were sparked by a major announcement from former U.S. President Donald Trump, who proposed to increase import tariffs on Chinese goods by up to 104%. In retaliation, China is planning to impose up to 84% in counter tariffs.

These decisions are set to take effect from April 10, raising alarms across international markets. The looming full-scale trade war has added volatility to commodity and equity markets alike.

US Dollar Weakness Amplifies Gold Volatility

Another major factor influencing the Gold Rate Today is the declining value of the U.S. dollar, which typically leads to stronger gold prices globally. However, despite the international surge, domestic gold prices fell — largely due to dampened consumer interest and localized demand conditions in India.

Additionally, investors are eyeing the upcoming Federal Reserve (FOMC) meeting and inflation data releases from the U.S., which could further influence the trajectory of gold in both global and Indian markets.

Expert Insights: What Investors Should Know

Chintan Mehta, CEO of Abans Financial Services, commented, “Markets are in a wait-and-watch mode ahead of crucial economic data. The global uncertainty is pushing more investors toward safe-haven assets like gold, but domestic retail demand remains sluggish.”

This divergence between global sentiment and local behavior presents a mixed outlook for investors who rely on both international cues and local demand patterns.

Current Price Snapshot: Gold and Silver (10 April)

• Gold (24K, Delhi): ₹90,200 per 10 grams (↓ ₹1,050)
• Gold (99.5% purity): ₹89,750 per 10 grams (↓ ₹1,050)
• Silver: ₹93,200 per kilogram (↑ ₹500)
• Global Spot Gold: $3,044.14/oz (↑ $61.98)

Should You Buy Gold Now?

For those considering gold as an investment, the latest dip presents a potential buying opportunity, especially amid uncertain global economic conditions. However, caution is advised due to possible price fluctuations tied to geopolitical events and Fed policy decisions.

Long-term investors often use price dips like these to enter the market, but short-term buyers may want to wait for more stability.

Gold Rate Today Signals Opportunity Amid Global Tensions

The Gold Rate Today reflects a sharp downturn in Delhi’s bullion market even as global prices soar, revealing a clear contrast in investor behavior. With rising trade war fears, a weakening dollar, and inflationary pressures, the safe-haven appeal of gold remains strong internationally.

Domestic buyers, however, are currently showing restraint, possibly awaiting more clarity on price trends. As always, investors are advised to track both global and local market cues before making any significant buying decisions.

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