Gold Rate Delhi Today: Check Current 22 Carat, 24K and 18 K Gold Price in Delhi; Silver Price in Delhi Here

The gold market in New Delhi, the national capital, experienced modest changes in prices today. The rate for 1 gram of 22-carat gold is currently at Rs 8,300, showing a small decline of Rs 25 from yesterday's price of Rs 8,325. This subtle drop is reflective of the continuous fluctuations in global gold rates.

Gold Prices in Delhi Witness Slight Drop Today

Meanwhile, in the bustling markets of the capital city, the price for 10 grams of 18-carat gold is at Rs 67,910, experiencing a decrease of Rs 210 compared to Sunday's rate of Rs 68,120. This trend indicates a softening in demand for lower-carat gold in the region.
Additionally, in the vibrant markets of Delhi, the price of 10 grams of 22-carat gold is Rs 83,000, reflecting a slight dip of Rs 250 from yesterday's Rs 83,250. As always, the national capital's gold prices remain volatile.

The rate for 10 grams of 24-carat gold in New Delhi has also dipped to Rs 90,530, marking a decrease of Rs 280 from the previous day's price of Rs 90,810. Gold enthusiasts in the capital are keeping a close eye on these fluctuations.

Gold Rate In India Today:

In India, the price of 24-carat gold is Rs 90,660 per 10 grams on Monday, while the prices of 22-carat and 18-carat gold are Rs 83,100 and Rs 67,990 per 10 grams, respectively. One gram of gold costs Rs 9,066 for 24-carat gold, Rs 8,310 for 22-carat gold, and Rs 6,799 for 18-carat gold (also known as 999 gold) in India today. As of today, gold prices have dropped 2.3% in April.

Silver Rate in India Today

In India, the price of 1 kg of silver is Rs 94,000 on April 7, whereas 1 gram of silver is Rs 94. However, in some locations including Chennai, Kerala, and Hyderabad, 1kg silver prices remained over the Rs 1 lakh barrier, reaching Rs 1,03,000 on Monday. Silver prices in India have been under heavy selling pressure, falling by at least 10.5% in April.

Silver Price in Delhi Today

The price of silver in Delhi today stands at Rs 94 per gram and Rs.94,000 per kilogram on Monday, April 7. This reflects the current market value of silver in the national capital, showing its stability and demand in both individual and bulk purchases.

MCX Gold Price

Amid the worldwide stock market meltdown, gold prices on the Multi Commodity Exchange (MCX) increased on Monday due to demand for safe-haven assets. The gold rate on the MCX increased by Rs. 301, or 0.34%, to Rs. 88,376.00.The price of MCX gold, which expires in June 2025, was up Rs 55 or 0.06% last Friday at Rs 88,130 per 10 grams. From last week's all-time high of Rs 91,423, the bullion experienced a significant correction.

Gold Price in International Markets

According to Reuters, a broader market sell-off brought on by US President Donald Trump's tariff plans affected bullion merchants, causing gold prices to drop to their lowest levels in over three weeks on global markets.

At $2,981.09 an ounce, spot gold dropped 1.9% to its lowest level since March 13. On April 3, the price of bullion reached a record high of $3,167.57. At $2,997.40, US gold futures dropped 1.3%. At $28.74 an ounce, spot silver fell 2.8%, the lowest level in almost seven months.

How Does Gold Perform When the Stock Market Crashes?

Ajay Kedia from Kedia Advisory highlights that gold has proven to be a reliable investment, particularly during times of market stress. Historically, whenever the equity markets, like the S&P500, experience major declines, gold tends to rise, making it a safe haven for investors.

He explained, "Over the past 25 years, historical data shows that whenever the S&P500, a major stock market index, experiences a significant drop of over 20%, gold has seen impressive growth. For example, during the 2008 financial crisis, while the S&P500 crashed by nearly 58%, gold rose by almost 40%. Similarly, in the 2020 COVID-19 crash, when stocks fell by 35%, gold surged by 32%. This pattern has repeated during other market crashes, like the dot-com bubble, reinforcing gold's position as a stable investment during financial uncertainty."

Mr. Ajay Kedia highlighted that during the ongoing tariff war, while the S&P500 has dropped 21.87%, gold has risen 21.15%, proving its strength as a safe investment. Gold is expected to reach $3,167 by Q2 2025, making it a solid choice for long-term investors looking for stability.

Mr. Kedia said, "Currently, in the ongoing tariff war scenario, the S&P500 has corrected 21.87%, and gold is already up 21.15%, poised to reach $3167.7 by Q2 2025. These patterns indicate that gold consistently provides safety and returns during crises."
He further added, "strategic, phased accumulation now could benefit long-term investors. Currently gold is getting benefitted by geopolitical concern, de-dollarization, central bank and ETF buying, equity market erosion and inflation and recession fear."

As per Mr. Kedia, gold is currently benefiting from geopolitical concerns, de-dollarization, central bank, and ETF buying, stock market declines, and inflation/recession fears. These factors make gold a reliable asset during uncertain times, offering safety and potential returns. For regular investors, buying gold gradually could protect and grow wealth.
Gold Price Outlook

Mr. Ajay Kedia suggests that in the short term, gold prices will likely stabilize, forming a solid foundation. Looking ahead 3 to 6 months, he believes gold will continue to rise, possibly reaching $3,340 or around ₹94,500 per 10 grams. This means gold could be a good investment shortly, offering potential growth.

"Expect base formation in the short term; 3-6 month view remains bullish with potential targets of ~$3340 / ~₹94,500," Mr. Kedia said

Stock Market Today

The Indian stock market crashed on Monday, April 7, following similar patterns in international markets amid growing concerns about a global trade war sparked by US President Donald Trump's reciprocal tariffs.

In early trading on Monday, the Nifty 50 fell below 21,800, and the Sensex plummeted to 4,000 points. With telecom, media, real estate, auto, IT, and metal all down 4-6%, all sectoral indices are trading down. At the time, among the top Nifty losers are Trent, Tata Steel, Tata Motors, JSW Steel, and Shriram Finance. Currently, the BSE smallcap index fell down 5% and the midcap index dropped 4%.