Gold prices surged to fresh record highs on Tuesday as renewed fears of a potential US–EU trade war pushed investors towards safe-haven assets amid rising global uncertainty.The rally followed tariff threats by US President Donald Trump against European nations opposing his Greenland move, triggering risk aversion across global markets. Precious metal extended gains from the previous session, supported by strong international cues and safe-haven demand.On the Multi Commodity Exchange (MCX), gold futures delivery rose Rs 1,300, or 1 per cent, to Rs 1,46,988 per 10 grams. Silver futures jumped Rs 7,869, or 2.5 per cent, to Rs 3,19,949 per kg.In international markets, COMEX silver hit a fresh lifetime high of USD 94.74 per troy ounce during Asian trade, while gold hovered near record levels around USD 4,670 per troy ounce. Prices later pared some gains after a sharp rally in the previous session.Market sentiment remains fragile amid fears of another trade standoff between the US and Europe. According to AFP, silver touched USD 94.73, while gold stayed just below its record peak as global risk aversion intensified.Manoj Kumar Jain of Prithvi Finmart said precious metals are witnessing high volatility but remain supported. “Silver is expected to hold key support near USD 84 per troy ounce, while gold may sustain support around USD 4,440 on a closing basis,” he said.On MCX, gold support is seen at Rs 1,44,800–Rs 1,44,100, with resistance at Rs 1,46,350–Rs 1,47,000. Silver support lies at Rs 3,03,000–Rs 2,96,600, with resistance at Rs 3,14,000–Rs 3,22,000. Jain said the strategy remains to buy gold and silver on dips, targeting Rs 1,48,000 for gold and Rs 3,22,000 for silver.
Gold prices in major Indian cities
Delhi
Gold prices in Delhi today stand at Rs 14,852 for 24K, Rs 13,615 for 22K, and Rs 11,143 for 18K gold. Compared to yesterday, 24K gold rose by Rs 213, 22K by Rs 195, and 18K by Rs 160.
Mumbai
In Mumbai, 24K gold is priced at Rs 14,837 per gram, 22K at Rs 13,600, and 18K at Rs 11,128. Prices across all purities increased by Rs 213, Rs 195, and Rs 160, respectively.
Bangalore
Gold rates in Bangalore mirror Mumbai, with 24K at Rs 14,837, 22K at Rs 13,600, and 18K at Rs 11,128 per gram. All variants recorded similar gains over the previous session.
Chennai
Chennai reported sharper gains, with 24K gold trading at Rs 15,164 per gram, 22K at Rs 13,900, and 18K at Rs 11,590. Prices rose by Rs 491 for 24K, Rs 450 for 22K, and Rs 360 for 18K gold.
Kolkata
Gold prices in Kolkata today are Rs 14,837 for 24K, Rs 13,600 for 22K, and Rs 11,128 for 18K gold, reflecting increases similar to other eastern and western markets.
Bhubaneswar
In Bhubaneswar, 24K gold is priced at Rs 14,837 per gram, 22K at Rs 13,600, and 18K at Rs 11,128. All variants saw gains in line with national trends.
Jaipur
Gold prices in Jaipur stand at Rs 14,852 for 24K, Rs 13,615 for 22K, and Rs 11,143 for 18K gold, marking steady day-on-day increases.
Lucknow
In Lucknow, 24K gold is available at Rs 14,852 per gram, 22K at Rs 13,615, and 18K at Rs 11,143, with prices rising across all purities.
Patna
Gold rates in Patna today are Rs 14,842 for 24K, Rs 13,605 for 22K, and Rs 11,133 for 18K gold, reflecting gains of Rs 213, Rs 195, and Rs 160, respectively.
Ahmedabad
Ahmedabad reported identical prices to Patna, with 24K gold at Rs 14,842 per gram, 22K at Rs 13,605, and 18K at Rs 11,133, continuing the upward trend.
Hyderabad
In Hyderabad, gold prices stand at Rs 14,837 for 24K, Rs 13,600 for 22K, and Rs 11,128 for 18K gold, all higher than the previous day.
Kanpur
Gold in Kanpur is priced at Rs 14,852 per gram for 24K, Rs 13,615 for 22K, and Rs 11,143 for 18K, tracking gains seen across north Indian markets.
