A historic ruling by the US Supreme Court has sent shockwaves through markets worldwide. The court declared the tariffs imposed by President Donald Trump completely illegal, striking them down. Trump, however, immediately responded with a new 10% global tariff. This sudden geopolitical shift is directly impacting the common man's pocket. Weak US GDP figures and the announcement of new global tariffs sparked panic among investors. Investors, seeking a haven, flocked to gold, leading to a sharp surge in international prices.

Gold prices soar in the international market.
Gold prices surged by over 1% in Friday's trading session. By noon, spot gold had jumped 1.5% to reach $5,071.48 per ounce. Investors have fully embraced Trump's new strategy following the US Supreme Court's decision.

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The yellow metal's luster continues to grow in foreign markets. US gold futures for April delivery were not far behind, recording a strong 1.7% gain. These futures closed at a high of $5,080.90.

Today's Latest Prices in the Indian Bullion Market
This international rally was also clearly visible on India's Multi-Commodity Exchange (MCX). On Friday, the April futures contract closed with a slight gain of 0.07% at Rs. 156,993 per 10 grams. Previously, on February 19th, the figure was Rs. 156,876. Trading on MCX is closed today due to Saturday.

According to Good Returns, gold prices are skyrocketing in major cities across the country. In the capital Delhi and Lucknow, Uttar Pradesh, the price of 24-carat gold has reached Rs. 159,430 per 10 grams. In Chennai, this figure is the highest at ₹1,60,150. In Mumbai, Kolkata, and Hyderabad, 24-carat gold is available at ₹1,59,280.

In Ahmedabad, Gujarat, the price of 24-carat gold is recorded at ₹1,59,330, and 22-carat gold at ₹1,46,050. In Patna, the capital of Bihar, 24-carat gold is also selling at ₹1,59,330. The continuously rising prices could completely derail the budget of ordinary buyers during the wedding season.

Silver is also gaining momentum.
Following the gold trend, silver prices are also seeing a sharp rise. In major cities like Delhi, Mumbai, and Kolkata, 10 grams of silver is selling for ₹2,750 today. A customer looking to purchase 100 grams of silver will have to spend ₹27,500 out of pocket. In Chennai, a major city in South India, silver prices are even higher than in other parts of the country. The price of 10 grams of silver here is ₹2,900.

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