Gold Prices on 7th April 2025 Slide Further

Gold prices in India extended their downward trend on 7th April 2025, marking the third consecutive day of decline. The ongoing dip began on Friday, and today's prices continue to reflect weakening demand or market adjustments. As of now, the gold rate for 22-karat stands at ₹8,285 per gram, while the 24-karat gold price is ₹9,038 per gram.

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Cost of Gold Drops Today

At 10:22 AM on 7th April 2025, gold rates in India showed a further reduction in rates across the country. The 22K gold price decreased by ₹25 per gram, and 24K gold became cheaper by ₹28 per gram. Here's how the latest rates are shaping up in major Indian cities:

• Gold Price Today in Mumbai: The current rate of 22-karat gold in Mumbai is ₹8,285 per gram, and for 24-karat gold, the price is ₹9,038 per gram.
• Gold Price Today in Chennai: As of today, the 22K gold price in Chennai is ₹8,285 per gram, while the 24K gold rate is pegged at ₹9,038 per gram.
• Gold Price Today in Bangalore: Bangalore is witnessing a similar decline. The price of 22K gold in Bangalore is ₹8,285 per gram, with 24K gold trading at ₹9,038 per gram.
• Gold Price Today in Hyderabad: In Hyderabad, gold rates have also softened. The 22-karat gold price is currently ₹8,285 per gram, and the 24-karat variant is priced at ₹9,038 per gram.
• Gold Price Today in Kerala: Kerala is following the nationwide downward trend in gold prices. The cost of 22K gold in Kerala is ₹8,285 per gram, while 24K gold is being sold at ₹9,038 per gram.
• Gold Price Today in Delhi: he capital city has seen a minor deviation in gold rates. The current price for 22K gold in Delhi is ₹8,300 per gram, while 24K gold is available at ₹9,053 per gram.
   

Recent Gold Price Trends in India

The past few days have seen consistent drops in gold prices, marking a notable short-term correction. Here’s a brief look at recent price movements leading up to 7th April:

• April 5: Prices continued to decline. 22K gold was at ₹8,310 per gram and 24K gold was at ₹9,066 per gram. 
• April 4: Gold prices dropped considerably. 22K gold dropped to ₹8,400/gm; 24K gold to ₹9,164/gm. 
• April 3: Prices peaked at ₹8,560 per gram for 22K gold and ₹9,338 per gram for 24K gold.
• April 2: Prices remained stable.
• April 1: 22K gold surged to ₹8,510 per gram; 24K gold rose to ₹9,284 per gram.
   

Conclusion

Gold rates in India have been on a downward slope, declining further today on 7th April. Prices are generally influenced by a combination of international market cues, currency fluctuations, and investor sentiment. While cities like Mumbai, Chennai, and Bangalore are showing uniform pricing, Delhi stands out with slightly elevated rates. Investors and buyers are advised to track daily gold rates closely, as continued volatility may offer both opportunities and risks in the short term.