Gold Rate In India Skyrockets After US Auto Tariff Shock; Check Latest 22K, 24K, 18K Gold Price on March 27

Gold prices in India today surged strongly following a major announcement from the US that sent shockwaves through the auto sector. The impact was felt across the commodities market as investors rushed toward gold as a safe-haven asset.
After a brief correction in the past few days, the gold rate in India rebounded sharply, driven by renewed bullish momentum. The latest spike comes after U.S. President Donald Trump announced a 25% tariff on imported cars and light trucks, set to take effect next week, further escalating global trade tensions.

This development also triggered a significant rally in international gold prices, which in turn influenced the Indian bullion market, taking the gold rate in India towards record highs once again.

Gold Rate in India Today

As of March 27, the 24-carat gold rate in India jumped by Rs. 440 per 10 grams to retail at Rs. 89,840. The 22-carat gold rate in India now costs Rs. 82,350 per 10 grams, which surged by Rs. 400. Likewise, the 18-carat gold arte in India spiked Rs. 330 per 10 grams to retail at Rs. 67,380.

In a similar light, the higher quantities of gold, the 100 grams of 24-carat gold rates, now retail at Rs. 8,98,400, which jumped by Rs. 4400. While the 22-carat gold art is priced at Rs. 8,23,500 per 100 grams, which surged by Rs. 4000.

Silver prices in India today

Silver rates in India today showed no major movement. 1 kg of silver rates in India costs Rs. 1,02,000. While 100g of silver rates in India retails at Rs. 10,200.

Gold prices in Chennai, Bengaluru, and Hyderabad

Gold prices surged across the country today. Below are the gold rates in the major cities of India:

10 grams of 24-carat gold prices in Chennai stand at Rs. 89,840 per 10 grams, while the 22-carat gold prices in Chennai cost Rs. 82,350 per 10 grams.

Likewise, gold rates in Bangalore for 22 carats are now at Rs. 82,350 per 10 grams, while the 24-carat gold price in Bangalore is now at Rs. 89,840 per 10 grams of yellow metal.

Gold prices in Hyderabad are also mirroring the gold rates in India today, where the price of 22-carat gold retails at Rs. 82,350 per 10 grams. A 24-carat gold retails at Rs. 89,840 per 10 grams.

MCX Gold and Silver Futures Prices Today

Gold futures prices on the MCX set to mature on April 4, 2025, jumped once again and are trading at Rs. 87,945, surging by 0.35% at the time of writing. Similarly, silver futures prices set to mature on May 5, 2025, traded higher at 99,527 after rising by 0.04% at the time of writing.

Outlook: "MCX Gold April is expected to rise towards the ₹88,200 level as long as it holds the support near the ₹87,300 level. Meanwhile, MCX Silver May is expected to rise further towards the ₹100,500 level as long as it trades above the ₹98,500 level."

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Spot Gold Price and Spot Silver Rate

As per a Reuters report, "spot gold climbed 0.4% to $3,030.47 per ounce as of 0247 GMT, while U.S. gold futures advanced 0.5% to $3,036.00. Meanwhile, spot silver edged down 0.1% to $33.69 per ounce. Spot gold prices surged on Thursday, driven by escalating global trade tensions following the U.S. auto tariff announcement, ahead of the April 2 deadline for reciprocal tariffs from the world's largest economy."

"Spot gold is likely to rise towards the $3040 level as long as it stays above the $3000 level. On the contrary, break below the $3000 level; prices may slip further towards the $2980/$2960 levels." according to the ICICI Direct Research report.

Gold price Outlook Ahead

"Gold is expected to rise back towards the $3040 level on expectation of weakness in the dollar and US treasury yields. Further, demand for safe haven may increase on concerns that US President Donald Trump's tariff policies will ignite a potential global trade war, hurting economic growth and fuelling inflation. US President Donald Trump unveiled a 25% tariff on imported cars and light trucks starting next week and plans to announce reciprocal tariffs on the countries responsible for the bulk of the US trade deficit on 2nd April, widening the global trade war. Meanwhile, hawkish comments from Fed officials will cap sharp up moves in prices." As per the ICICI Direct research report.

Fundamental Outlook: Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metal prices on Indian bourses to trade range-bound to higher for the day, as gold prices are steady near a record high after US consumer confidence fell sharply, signalling trouble for the world's No. 1 economy, noted by Nirmal Bang securities.

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