Gold Prices In India Today (April 6) Crashes On Trump's New Threat; Red Alarms For 24K, 22K, 18K Gold Prices

Gold rates in India crashed across 24 carats, 22 carats and 18 carats on April 6 as inflation concerns rise. The bullion dropped by at least Rs 18,000, following volatile trends at the MCX market and international prices, which are currently under pressure. The performance is fueled after US President Donald Trump issued a new warning to Iran for reopening the Strait of Hormuz or else he will bring Hell to them.

Trump has issued a new deadline for Iran, which, if not followed, he will direct US military to attack major power plants and key civilian infrastructure in the Islamic regime. Iran stubbornly rejects Trump's demand.

The new threat has pushed US WTI Crude to above $111 per barrel and Brent Crude near $110 per barrel. Both are trading higher.

Meanwhile, US dollar climbed above 100.2, extending its gains. As per Trading Economics, investors reacted to the latest escalations in the Iran conflict after President Donald Trump set a new deadline and intensified threats against Iran's power plants and other civilian infrastructure if the Strait of Hormuz is not reopened.

"This pullback reflects the strengthening USD and evolving interest rate expectations, which have tempered bullion's upward momentum. Yet, persistent geopolitical tensions and concerns over global growth continue to reinforce gold's safe-haven appeal, ensuring demand remains resilient," said Rajeev Sharan, Head of Research, Brickwork Ratings.

Gold Rates In India Today:

24 Carat Gold Rates In India Today:

Under 24 carat, 10 grams gold price dropped by Rs 1,800 to Rs 1,49,130 and 100 grams gold crashed by Rs 18,000 to Rs 14,91,300. Further, 8 grams gold price slipped by Rs 1,440 to Rs 1,19,304 and 1 gram gold is down by Rs 180 to Rs 14,913.

22 Carat Gold Rates In India Today:

10 grams gold rate here plunged by Rs 1,650 to Rs 1,36,700 and 100 grams gold rate tumbled by Rs 16,500 to Rs 13,67,000. Further, 8 grams gold rate dipped by Rs 1,320 to Rs 1,09,360 and 1 gram gold is lower by Rs 165 to Rs 13,670.

18 Carat Gold Rates In India Today:

In case of 18 carat, 10 grams gold dropped by Rs 1,350 to Rs 1,11,850 and 100 grams gold plummeted by Rs 13,500 to Rs 11,18,500. Additionally, 8 grams gold declined by Rs 1,080 to Rs 89,480 and 1 gram gold is lower by Rs 135 to Rs 11,185.

MCX Gold Price + MCX Silver Price Today

MCX gold price is trading volatile between Rs 1.48 lakh to Rs 1.50 lakh mark. At the time of writing, MCX gold traded at Rs 1,49,684 per 10 grams, which is broadly flat.

Meanwhile, MCX silver price dropped marginally by Rs 298 or 0.13 to trade at Rs 2,32,197 per 1kg. Silver is hovering between Rs 2.29 lakh to Rs 2.33 lakh.

Gold & Silver Prices Outlook:

According to Ponmudi R, CEO of Enrich Money, following are the gold rates and silver rates outlook at MCX:

Gold Outlook:

MCX Gold is trading in the Rs1,48,000-Rs1,49,000 range with visible selling at higher levels. The market is not able to sustain rallies, indicating fading strength. Above Rs1,50,000, momentum can revive toward Rs1,52,000-Rs1,55,000. But below Rs1,47,000, the downside can extend toward Rs1,45,000-Rs1,40,000. The bias remains cautious, with macro uncertainty driving the trend.

Silver Outlook:

MCX Silver is hovering around Rs2,30,000-Rs2,31,000 with high volatility and lack of sustained buying. The market is trying to hold, but not showing strength. Resistance is at Rs2,33,000-Rs2,34,000. A breakout can push prices toward Rs2,37,000-Rs2,40,000. On the downside, below Rs2,30,000, selling can accelerate toward Rs2,25,000 and even Rs2,20,000. Overall tone remains cautious.

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