Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
MoreBack to News Headlines
Gold halts record rally, drops ₹2,400 to ₹99,200/10 g amid easing U.S.-China tensions

Gold halts record rally, drops ₹2,400 to ₹99,200/10 g amid easing U.S.-China tensions

The Hindu
Wednesday, April 23, 2025 12:50 PM GMT

Gold prices hit record highs, then sharply fell due to easing tariff concerns, with silver prices also fluctuating.

Gold prices took a U-turn from the historic ₹1 lakh-mark and declined ₹2,400 to ₹99,200 per 10 gram in the National Capital on Wednesday (April 23, 2025) amid weak global trend.

According to the All India Sarafa Association, the precious metal of 99.9% purity spurted by ₹1,800 to hit the lifetime peak of ₹1,01,600 per 10 grams on Tuesday.

Gold of 99.5% fall sharply by ₹3,400 to ₹98,700 per 10 grams on Wednesday, a day after jumping ₹2,800 to an all-time high of ₹1,02,100 per 10 grams in the local markets.

"Gold prices corrected after reaching record highs, as safe-haven demand softened following President Donald Trump's comments that the steep tariffs on Chinese goods imposed during the trade war escalation will soon be substantially reduced," Abans Financial Services' Chief Executive Officer Chintan Mehta said.

Meanwhile, silver prices jumped ₹700 to ₹99,200 per kg on Wednesday. The white metal had closed flat at ₹98,500 per kg in the previous session.

On the Multi Commodity Exchange (MCX), gold futures for June delivery dipped ₹1,435 or 1.47% to ₹95,905 per 10 grams. It rose to touch a record high of ₹99,358 per 10 grams in the previous market close.

In addition, the price of August contract depreciated by ₹1,330 or 1.36% to ₹96,669 per 10 grams against the previous close of ₹1,00,000 per 10 grams, also its historic high on the MCX.

Read full story on The Hindu
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Rupee rises 8 paise to 85.58 against U.S. dollar in early trade

Rupee strengthens against US dollar on positive equity markets and foreign inflows, but capped by global factors.

Malaysia Airlines’ new flight from Thiruvananthapuram

Malaysia Airlines increases flights between Thiruvananthapuram and Kuala Lumpur, benefiting passengers traveling to Australia, New Zealand, and Southeast Asia.

SBI pays ₹8,076.84 crore dividend to Govt for FY25

SBI Chairman presents ₹8,076.84 crore dividend cheque to Finance Minister Nirmala Sitharaman for FY 2024-25.

Key sectors in market may be overvalued: Kotak Institutional Equities

Analysts warn of overvalued stocks in key sectors due to disconnect with company performance, retail investor reliance on narratives.

Life insurers new business rose almost 13% in May to ₹30,463.21 cr.

Life insurance companies in India saw a 12.68% increase in new business premium to ₹30,463.21 crore in May.

Govt relaxes SEZ rules for semiconductor, electronics manufacturing

Government eases regulations for SEZs manufacturing semiconductors, allowing domestic supply, promoting investments in high-tech sectors.

Shaken by crises, Switzerland fetters UBS's global dream

Switzerland reforms UBS to prevent crisis, impacting global growth and financial stability, raising concerns over banking sector.

Rupee rises 4 paise to close at 85.64 against U.S. dollar

Rupee closes at 85.64 against USD, supported by equities and capital inflows, impacted by global factors.

Stock markets rise for fourth day on global rally, gains in banking shares after RBI rate cut

Sensex and Nifty rise for fourth consecutive day on global rally and RBI rate cut, with bank stocks leading gains.

China's exports climb 4.8% in May as shipments to U.S. fall nearly 10%

China's trade surplus reaches $103.2 billion as imports decline, with U.S.-China trade talks set to continue in London.

Rupee trades in narrow range against U.S. dollar in early trade

Rupee depreciates against US dollar due to high crude oil prices, aggressive RBI rate cut, and dollar index rise.

Stock markets surge in early trade tracking rally in global peers

Sensex and Nifty surge on global rally and RBI rate cut, boosting investor sentiment and market spirits.

Bridging health cover, mental healthcare in India Premium

Mental health awareness is growing, with insurance plans now covering therapy and counselling, reflecting a shift in healthcare priorities.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
World Bank cuts India’s FY26 growth forecast to 6.3% on subdued exports, investments

World Bank cuts India's growth forecast to 6.3% for FY 2025-26, citing dampened export and investment growth.

Rupee rises 6 paise to 85.51 against U.S. dollar in early trade

Indian rupee strengthens against the U.S. dollar on FII inflows and lower oil prices, with market awaiting trade deal.

India-U.S. trade pact: Officials discuss market access, digital trade, customs facilitation

India and the U.S. are negotiating a comprehensive Bilateral Trade Agreement, focusing on market access, digital trade, and customs facilitation.

Maruti Suzuki cuts near-term EV production amid rare earths crisis

Maruti cuts e-Vitara production by two-thirds due to rare earth shortages, aims to meet full-year target.

SEBI issues ₹5.35-crore demand notice to OPG Securities, others in NSE co-location case

SEBI issues ₹5.35 crore recovery notices to OPG Securities and directors for unfair trade practices, warning of asset attachment.

Inflow into equity MFs hits 13-month low at ₹19,000 crore in May

Equity mutual funds experience lowest inflow in 13 months, with SIP contributions remaining robust in May.

RBI slashes interest rates, but who will borrow?

RBI aggressively eases monetary policy to boost consumption and investment, focusing on SMEs and rural sectors for growth.

India’s rising household debts are not worrisome: SBI report

India's household debt manageable, with majority prime credit quality borrowers, asset creation loans, and potential interest savings.

Sensex snaps 4-day rally, Nifty ends unchanged in volatile trade

Sensex closes lower after 4-day rally, Nifty gains slightly; investors cautious amid global cues and trade talks.

Congress slams Modi government after World Bank said extreme poverty in India declined; says inconvenient data brushed aside

Congress criticizes Modi government for celebrating drop in poverty to 5.3% based on $3/day poverty line, lacking dignity.

WazirX crypto exchange’s restructuring proposal struck down by Singapore High Court

WazirX saw its proposed restructuring plan shot down by the Singapore High Court.

No declining trend in FDI into India: Piyush Goyal

India sees consistent growth in FDI, attracting USD 748.78 billion over 11 years, with renewed inflows and global appeal.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us