Gold Prices Soar Amid Market Turbulence, Cross Rs 1 Lakh Per 10 Grams

By Admin

22 Apr, 2025

Gold Hits Historic High in India

New Delhi: In a striking development that has caught the attention of both investors and consumers, gold prices have surged past the Rs 1 lakh mark for 10 grams in India. The yellow metal is witnessing an unprecedented rally, primarily fueled by global economic uncertainties and rising geopolitical tensions.

As of now, 24-carat gold is priced at Rs 10,150 per gram in Delhi, Gurugram, and Noida, while Mumbai, Chennai, and Kolkata are seeing slightly lower rates at Rs 10,135 per gram, according to Goodreturns.com. This surge indicates a new peak in India’s gold market, as pure gold crosses the psychological Rs 1 lakh threshold.

City-Wise 24-Carat Gold Prices (Per Gram)

• Delhi: Rs 10,150
  
  

• Noida: Rs 10,135
  
  

• Gurugram: Rs 10,135
  
  

• Mumbai: Rs 10,135
  
  

• Chennai: Rs 10,135
  
  

• Bengaluru: Rs 10,135
  
  

• Kolkata: Rs 10,135
  
  

Meanwhile, 22-carat gold, more commonly used in jewellery, is slightly cheaper, with prices around Rs 9,305 per gram in Delhi and Rs 9,290 in Mumbai and Kolkata.

Why the Sudden Surge in Gold Prices?

Gold has always been considered a safe haven during times of financial instability. Recent comments by US President Donald Trump, targeting Federal Reserve Chairman Jerome Powell, have rattled global markets. Trump's criticism and the ongoing dispute regarding interest rate cuts have heightened fears of an economic slowdown, pushing investors toward secure assets like gold.

On the global front, gold futures surged by 1.7%, reaching $3,482.40 per ounce on Monday evening, after surpassing the $3,300 mark just last Wednesday. According to Tim Waterer, Chief Market Analyst at KCM Trade, the friction between Trump and Powell, coupled with growing concerns over tariffs, is pushing gold prices higher. "Investors are looking for a safe store of value as the dollar weakens and policy direction remains uncertain," Waterer stated.

Cultural and Emotional Connect in India

In India, gold is much more than a commodity. It is deeply rooted in tradition, rituals, and emotional value. From weddings to religious festivals, gold is an essential part of Indian culture. During periods of economic uncertainty, many Indians turn to gold as a hedge against inflation and market volatility.

With the current surge, many are re-evaluating their investment strategies, seeing gold not just as a symbol of prosperity but as a reliable shield against economic instability.