2 weeks Ago By Moneycontrol
Gold has been hovering around record high levels as uncertainties around US President Donald Trump's reciprocal tariffs and their subsequent reversal made investors shift to safe-haven assets like gold. Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country: Gold's June contracts on the Multi Commodity Exchange of India (MCX) had hit a fresh record high of Rs 93,736 per 10 gram on April 11. Also read: Gold prices ease from record highs as Trump grants tariff exemptions Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, said, "Risk off sentiment gained momentum following the US announcement of a 145% tariff on Chinese imports, escalating trade tensions despite President Trump's 90-day tariff pause for other countries.
Geopolitical instability in the Middle East also supported safe-haven demand for gold." The market expert further added, "Additionally, global gold ETF inflows rose for a fourth consecutive month in March, accompanied by continued central bank buying." While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.
67 percent pure gold along with some traces of alloyed metals like silver or copper. Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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