Winning Bizness Desk
Mumbai. In a historic development, gold prices in India have breached the ₹1 lakh per 10 grams threshold for the first time. On April 22, 2025, the India Bullion and Jewellers Association (IBJA) reported that 24-carat gold surged by ₹3,330 in a single day, reaching ₹1,00,000 per 10 grams, up from ₹96,670 the previous day. This significant milestone reflects a cumulative increase of ₹23,838 since January 1, when the price stood at ₹76,162.
Factors Fueling the Surge
Several factors have contributed to this unprecedented rise in gold prices:
Global Economic Uncertainty: Trade tensions and fears of a global recession have prompted investors to seek safe-haven assets like gold.
Rupee Depreciation: The Indian rupee has weakened by approximately 4% against the US dollar in 2025, making gold imports more expensive.
Seasonal Demand: The ongoing wedding season and the upcoming Akshaya Tritiya festival have bolstered demand for gold jewellery, particularly in metropolitan cities
City-Wise Gold Prices on This Fateful Day
The surge in gold prices has been observed across major Indian cities:
- Delhi: ₹1,01,500 (24K), ₹93,050 (22K)
- Mumbai: ₹1,01,350 (24K), ₹92,900 (22K)
- Kolkata: ₹1,01,350 (24K), ₹92,900 (22K)
- Chennai: ₹1,01,350 (24K), ₹92,900 (22K)
Silver Prices Show Divergence
Contrary to gold, silver prices have experienced a decline. The rate for one kilogram of silver dropped by ₹342, settling at ₹95,900. This is a decrease from its peak of ₹1,00,934 per kilogram observed on March 28.
What Is The Future Outlook ?
Analysts anticipate that gold prices may continue their upward trajectory. Goldman Sachs has revised its year-end forecast, projecting international gold prices to reach $3,700 per ounce, up from the previous estimate of $3,300. This suggests that domestic prices in India could rise to ₹1.10 lakh per 10 grams by the end of 2025.
Key Highlights
1. Gold prices in India have reached ₹1 lakh per 10 grams for the first time.
2. 24-carat gold surged by ₹3,330 in a single day.
3. The price has increased by ₹23,838 since January 1, 2025.
4. Factors include global economic uncertainty, rupee depreciation, and seasonal demand.
5. Silver prices have declined, with a drop of ₹342 per kilogram.
6. Goldman Sachs forecasts international gold prices to reach $3,700 per ounce by year-end.
7. Domestic gold prices in India could rise to ₹1.10 lakh per 10 grams by the end of 2025.
