Gold and Silver Rates Today (April 1, 2025): Gold hits record high at Rs 90,907, Silver at Rs 1,00,931 per kg

Gold and Silver Rates Today (April 1, 2025): Gold prices surged to an all-time high on Tuesday, with April futures on the Multi Commodity Exchange (MCX) rising 0.85 per cent (Rs 787) to settle at Rs 90,907 per 10 grams. Silver also gained momentum, increasing 0.87 per cent (Rs 866) to close at Rs 1,00,931 per kilogram.

Gold soars amid market uncertainty

Gold prices have been on an upward trajectory due to heightened global economic uncertainty, trade tensions, and concerns over US President Donald Trump's upcoming reciprocal tariffs. The precious metal hit a fresh lifetime high of $3,150.30 per troy ounce in international markets, reflecting strong safe-haven demand.

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Kyle Rodda, a senior financial markets analyst at Capital.com, stated, "Investors are increasing allocation to gold as the Trump administration's trade policy threatens the dollar's special reserve status. The fundamental backdrop remains strong for gold."

Global markets react to trade tensions

Asian markets saw gains following Wall Street's recovery on Monday. Japan's Nikkei rose 0.7 per cent, South Korea's KOSPI advanced 1.4 per cent, and Taiwan’s benchmark climbed 1.7 per cent. The Hang Seng index gained 1 per cent, while Chinese blue-chip stocks edged 0.1 per cent higher.

Despite the short-term relief, investors remain cautious ahead of April 2, dubbed "Liberation Day" by Trump, when he is expected to unveil his tariff strategy. Analysts warn that if the US economy enters a recession, stock markets could see further declines.

Silver shows volatility amid industrial demand

While gold continues its rally, silver has displayed volatility. In the domestic market, silver May futures settled at Rs 1,00,065 per kg, down 0.39 per cent, as investors engaged in profit-taking. Globally, silver stood at $34.611 per troy ounce, reflecting a 1.06 per cent decline.

Oil prices, currency trends and crypto movement

Oil prices dipped slightly as traders assessed the impact of a trade war on global growth. Brent crude fell 0.1 per cent to $74.67 per barrel, while US West Texas Intermediate slipped to $71.37. Meanwhile, the US dollar weakened against the Japanese yen and euro, while Bitcoin remained steady at around $82,708.

Manoj Jain, Director at India Nivesh, commented on the market trends, stating, "Gold and silver showed very high volatility and were settled on a mixed note; gold hit fresh lifetime highs. Trend remains volatile."

On Monday, gold and silver settled mixed in international markets. Gold June futures closed at $3,150.30 per troy ounce, up 0.75 per cent, while silver May futures dropped 1.06 per cent to $34.611 per troy ounce.

In domestic markets, gold June futures ended at Rs 90,717 per 10 grams, rising 1.15 per cent, while silver May futures slipped 0.39 per cent to Rs 1,00,065 per kilogram.

Jain noted that gold and silver remained volatile ahead of the U.S. President’s upcoming reciprocal trade tariff announcement. Concerns over trade tariffs, geopolitical tensions between Russia and Ukraine, and rising tensions in the Middle East have fueled demand for safe-haven assets like gold.

"Gold has broken all barriers and could show further strength amid persisting global uncertainties," Jain added. He expects gold and silver to remain volatile this week, influenced by movements in the dollar index and ongoing U.S. trade tariff concerns.

Gold is expected to hold support at $3,040 per troy ounce, while resistance is at $3,174-$3,188 per troy ounce. Silver has support at $34.34-$34.00 per troy ounce and resistance at $34.88-$35.20 per troy ounce.

For MCX trading, Jain suggested:

Gold support: Rs 90,350-Rs 90,000 | Resistance: Rs 91,040-Rs 91,400

Silver support: Rs 99,450-Rs 98,800 | Resistance: Rs 1,00,800-Rs 1,01,650

His recommendation: Buy gold around Rs 90,350 with a stop loss of Rs 89,800 for a target of Rs 91,300, and buy silver around Rs 99,500 with a stop loss of Rs 98,800 for a target of Rs 1,01,000.

Gold prices across major Indian cities (April 1, 2025)

In the domestic market, gold prices per gram stand as follows:

• Mumbai: Rs 9,192 (24K), Rs 8,426 (22K)
• Chennai: Rs 9,192 (24K), Rs 8,426 (22K)
• Bangalore: Rs 9,192 (24K), Rs 8,426 (22K)
• Hyderabad: Rs 9,192 (24K), Rs 8,426 (22K)
• Kolkata: Rs 9,192 (24K), Rs 8,426 (22K)