Amidst ongoing trade uncertainties and following U.S. President Donald Trump’s announcement of a temporary tariff pause for certain consumer electronics, investors have turned to safe-haven assets like gold and silver. As Asian markets traded higher on April 14, the demand for these precious metals remained strong.
The multi-commodity exchange (MCX) saw a temporary closure on the morning of April 14 for Ambedkar Jayanti but resumed evening trading at 5 PM. According to the latest data available from MCX, gold prices reached ₹93,887 per 10 grams on April 11, reflecting a rise of ₹142 per 10 grams. Similarly, silver prices on MCX increased by ₹14 per kilogram to reach ₹94,300/kg.
Reflecting global trends, the Indian Bullion Association (IBA) reported gold and silver prices across various cities on April 14. In Mumbai, 24-carat gold was priced at ₹94,030 per 10 grams, while silver (999 Fine) stood at ₹94,680 per kilogram. Similar price variations were observed in cities like Chennai, Bengaluru, New Delhi, Kolkata, and Hyderabad.
As global trade tensions persist, gold and silver continue to attract investors seeking stability. Both metals have seen consistent demand, with gold prices showing resilience amidst minor fluctuations. Investors are closely monitoring geopolitical developments and trade policy announcements, anticipating further impacts on these safe-haven commodities.
In the upcoming weeks, the prices of gold and silver are likely to fluctuate in response to any additional trade policy changes, especially concerning tariffs on electronics and other imports. The market remains cautiously optimistic, with investors navigating uncertainties and market fluctuations with a keen eye on evolving trade dynamics.
It is evident that amidst market fluctuations and economic uncertainties, the allure of silver bullion alongside gold remains a steadfast investment choice for those looking to safeguard their assets. The intricate dance of global trade policies and geopolitical tensions continues to influence the trajectory of precious metal prices, making them essential barometers of market sentiment and economic stability.
