New Delhi | April 22, 2025: Gold prices in India have surged past the ₹1 lakh mark for 10 grams, reaching unprecedented levels due to escalating global economic uncertainties and increased investor demand for safe-haven assets.
As of today, 24-carat gold is priced at ₹10,150 per gram in Delhi and surrounding regions, including Gurugram and Noida. In other major cities like Mumbai, Chennai, Bengaluru, and Kolkata, the price stands at ₹10,135 per gram. For 22-carat gold, commonly used in jewelry, prices are slightly lower, around ₹9,305 per gram in Delhi and ₹9,290 in other metros.
On the Multi Commodity Exchange (MCX), gold futures for June delivery soared to a record high of ₹99,178 per 10 grams. The October contract breached the ₹1 lakh threshold, trading at ₹1,00,484 per 10 grams.
Internationally, gold futures climbed 1.7% to $3,482.40 per ounce, driven by investor concerns over President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell and the potential implications for U.S. monetary policy.
Analysts attribute the gold rally to several factors, including the weakening U.S. dollar, ongoing U.S.-China trade tensions, and increased purchases by global central banks. The yellow metal, traditionally viewed as a hedge against inflation and currency devaluation, has gained approximately 26% in value since the beginning of the year.
Experts suggest that while a short-term correction of up to 10% is possible, the overall outlook for gold remains bullish, with some forecasts predicting prices could reach $4,000 per ounce in the near future.
In India, gold holds significant cultural and economic importance, often considered a symbol of wealth and a reliable investment during times of financial uncertainty. The current surge in prices reflects both global market dynamics and domestic demand patterns.
