National: Gold Prices Cross ₹1 Lakh Mark: New All-Time High in India
Historic Surge in Domestic Gold Rates
On April 22, 2025, gold prices in India surged to an all-time high, breaching the ₹1 lakh mark for the first time. The price of 10 grams of 24-carat gold increased by ₹300, reaching ₹1,01,350 — marking a significant milestone in the Indian bullion market.
Current Rates by Purity
| Gold Purity | Price per 10 grams (₹) | Change (₹) |
|---|---|---|
| 24 Carat | ₹1,01,350 | +₹300 |
| 22 Carat | ₹92,900 | +₹2,750 |
| 18 Carat | ₹76,010 | +₹2,250 |
Global Trends Drive Up Prices
The sharp rise in domestic gold rates is largely influenced by the international bullion market. Spot gold prices have climbed above $3,400 per ounce. Key global developments include:
- The US Dollar Index dipping to 98.09
- Criticism of the US Federal Reserve by former President Donald Trump
- Rising uncertainty in US-China trade negotiations
These factors have triggered investor anxiety, prompting a global shift towards gold as a safer asset.
Movement on MCX (Multi Commodity Exchange)
Gold and silver futures also recorded significant gains on the MCX:
- June 5, 2025 gold futures surged 1.72% to ₹98,955
- May 5, 2025 silver futures rose 0.63% to ₹95,844
Market analysts predict:
- Gold may stabilize around ₹98,500
- Silver may stabilize around ₹98,400
City-Wise Price Comparison
Gold rates in major Indian cities reflect the upward trend:
| City | 22 Carat Gold (100 grams) | 24 Carat Gold (10 grams) |
|---|---|---|
| Chennai | ₹9,29,000 | ₹98,350 |
| Hyderabad | ₹9,29,000 | ₹98,350 |
Silver Prices Remain Firm
Silver prices have also shown strength amid the gold rally.
- 1 kg silver is currently priced at ₹1,01,000
- 100 grams silver is available at ₹10,100
As global financial uncertainties persist, both gold and silver are expected to remain attractive investment options in the short to medium term.