Gold hits all-time high of Rs 93,074 per 10 gm; silver prices also surge
PTC Web Desk: Gold prices in India surged to a historic high on Friday, with 24-carat gold reaching Rs 93,074 per 10 gram, marking an increase of Rs 2,913 from the previous rate of Rs 90,161, according to the India Bullion and Jewellers Association (IBJA). Silver too witnessed a sharp rise, with a price jump of Rs 1,958, pushing its rate to
Rs 92,627 per kg from the earlier Rs 90,669. This comes close to silver's recent high of Rs 1,00,934 on March 28, while gold had touched Rs 91,205 on April 3.
The current rally in gold prices can be attributed to three major global and domestic factors: The growing threat of a trade war, fuelled by the United States’ tariff policies, has heightened fears of a global economic slowdown. This has led investors to seek safe-haven assets like gold, traditionally seen as a hedge during economic downturns.
The Indian rupee has depreciated by nearly 4% this year against the US dollar, making gold imports more expensive. Since India imports a significant portion of its gold, the weakening rupee has directly contributed to the rising domestic prices. With the wedding season approaching, demand for gold jewellery is rising across major metros like Mumbai, Delhi, and Chennai. Jewellers have reported robust sales despite high prices, as consumers continue to consider gold both a symbol of prosperity and a long-term investment.
City-wise gold rates
Delhi: R 87,600 for 22-carat gold; Rs 95,555 for 24-carat gold (per 10 gm)
Mumbai: Rs 87,450 for 22-carat; Rs 95,400 for 24-carat
Kolkata: Rs 87,450 for 22-carat; Rs 95,400 for 24-carat
Chennai: Rs 87,450 for 22-carat; Rs 95,400 for 24-carat
So far in 2025, gold has seen a staggering rise of Rs 16,912 per 10 gram (up 22%), from Rs 76,162 on January 1 to Rs 93,074 as of today. Silver has also appreciated by Rs 6,610 per kg (7%), climbing from Rs 86,017 to Rs 92,627. In comparison, during the entire year of 2024, gold had risen by Rs 12,810.
- PTC NEWS
