23 April 2025 : Gold prices surged by ₹1,800 to zoom past the crucial ₹1 lakh-mark for 10 grams in the national capital on Tuesday amid buying rush by local jewellers and stockists in anticipation of increased demand during Akshaya Tritiya and wedding season even as global macroeconomic uncertainties continued to fuel safe-haven chase.
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity climbed ₹1,800 to hit the lifetime peak of ₹1,01,600 per 10 grams from Monday’s closing level of ₹99,800 per 10 grams.
Gold of 99.5 per cent purity also jumped by ₹2,800 to hit a record high of ₹1,02,100 per 10 grams in the local markets on Tuesday. It had settled at ₹99,300 per 10 grams in the preceding session.
Akshaya Tritiya, which is considered the most auspicious day to buy gold, falls on April 30. The ongoing wedding season will continue till May end.
The yellow metal has spurted by ₹22,650 per 10 grams, or nearly 29 per cent, since December 2024.
Meanwhile, silver prices remained flat at ₹98,500 per kg on Tuesday.
“The new all-time-high attained by the yellow metal is primarily influenced by the rising tensions between President Trump and US Fed Chair Jerome Powell regarding the interest rate cut.
Summary: Gold prices in India have reached a record ₹1,01,600 per 10 grams, driven by increased demand ahead of Akshaya Tritiya and the wedding season.