Gold rates in India on April 2: Here's how much the yellow metal costs in your city today

Gold

Gold hovered around an all-time high level on April 2 as global uncertainties remained heightened in anticipation of US President Donald Trump's reciprocal tariffs. According to the India Bullion and Jewellers Association, gold (999 purity) was trading at around Rs 90,921 per 10 gm on April 2.

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) traded at Rs 91,229 per 10 gram on April 2.

Manav Modi, Senior Analyst at Motilal Oswal Financial Services, said, "Gold price continue to advance, hovering around all-time highs, as anxious investors flocked to the safe-haven metal, bracing for announcements on US reciprocal tariffs that could escalate the global trade war. Suspense hangs over market as uncertainty is looming large over the details of the U.S. tariffs slated for imposition later in the day, which Trump has dubbed 'Liberation Day'. The White House confirmed new tariffs will be imposed, though it provided no details on the size or scope. Trump's tariff policies could ratchet up inflation, potentially putting the brakes on economic growth and escalating trade disputes. Disappointing new U.S. jobs data and a weak manufacturing report highlight an emerging concern among Federal Reserve officials that employment could slip. Investors are also awaiting ADP employment report due later in the day, and non-farm payrolls report on Friday that could provide insights into the Fed's future path for interest rate cuts."

Also read: What should gold investors now do?

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.

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