April 5, 2025 - Retaliatory tariffs announcement by US President DonaldTrump has deepened fears of a recession in the US and many other countries around the world. This has caused increased concerns in the markets about industrial demand for silver leading to a drop in the price of silver on the MCX. Yesterday, April 4, the price of silver dropped by Rs 7,100, reaching Rs 87,431 per kilogram.

In the bullion market, the price of silver also decreased by Rs 4,500 to Rs 6,000 per kilogram. Yesterday, the price of gold per 10 grams on MCX also fell by more than Rs 2,000, reaching Rs 87,950.

Source: Media Reports