Gold and Silver Price on April 22: Gold rate at ₹98,990/ 10 gram, hits another record high amid weak US dollar

Gold prices are on the rise in the domestic market for the third consecutive day. 24K gold traded at ₹98,990 per 10 grams, up ₹1,430/ gram compared to yesterday’s closing, while 22K gold is at ₹90,741 per 10 gram on Tuesday, April 22.

The yellow metal has hit consecutive record highs in the previous three sessions, reacting to higher gold prices in the international markets. US gold prices remain near the record high level of $3,400 amid sustained demand for safe-haven assets due to escalated U.S.-China trade tensions. Besides this, concerns about the politicisation of US monetary policy, potentially undermining the Fed’s credibility and eroding investor confidence in the economy after President Trump raised his criticism of Fed Chair Jerome Powell, also raised risk aversion in the market.

On Friday, White House economic advisor Kevin Hassett said that President Trump and his team were continuing to study whether they could fire Fed Chair Jerome Powell. Yesterday, President Donald Trump reiterated his call for the Fed to reduce rates, saying the U.S. economy could slow down if the Fed does not cut interest rates immediately.

Meanwhile, the fall in the US dollar index, which declined to a 3-year low on Monday against a basket of major currencies, also supported the gold prices. A weaker dollar tends to bolster demand for gold, as it makes the metal more affordable to investors holding foreign currencies.

In Delhi markets, the 24K gold rate stood at ₹98,510 per 10 gram and 22K gold at ₹90,310 per 10 gram.

Gold Price Today in Major Cities:

MCX Gold futures also traded higher today. As of 9:30 am, the MCX Gold June future was up 1.66% at ₹98,897 per 10 gram, with a day high of ₹99,178 and day low of ₹98551. MCX gold is mirroring the gains witnessed in the international gold prices in early morning trades. In the US markets, Gold futures for June delivery were trading 1.9% or $66 higher at $3,492 an ounce.

Silver Price Today in India (April 22, 2025)

Silver prices are trading flat, around ₹1,01,000 per kg in the local market. Meanwhile, MCX Silver for May delivery trades 1.6% higher at ₹95,747 per kg, while international silver prices trade around $32.81 per troy ounce, up 0.9%.

Silver Price Today in Major Cities: