Gold prices made a new all-time high today i.e. on April 16. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by ₹ 1,387 to ₹ 94,489. Earlier, the price of 10 grams of gold was ₹ 93,102. The price of one kg silver has increased by ₹ 373 today to ₹ 95,403 per kg. Earlier, the price of silver was ₹ 95,030 per kg. On March 28, silver had made a high of ₹ 1,00,934 and on April 11, gold had made a high of ₹ 93,353.
Why Are Gold Prices Increasing in 2025
Global Recession Fears & Trade War Tensions- The threat of trade war has increased due to America’s tariff policy. This can slow down the pace of economic growth. The fear of global recession has also increased. In such a situation, people are increasing their investment in gold. Gold is considered a safe investment during recession.
Rupee Depreciation- The weakening of the rupee against the dollar has led to a rise in gold prices. This is because when the rupee weakens, it costs more money to import it. The rupee has fallen by about 4% this year, which has increased the pressure on gold prices.
Rising Festive & Wedding Season Demand- With the wedding season approaching, the demand for gold jewellery is on the rise. Jewellers in cities like Mumbai, Delhi and Chennai reported that despite the high prices, sales are brisk as people see gold as an investment and a symbol of prosperity.
Today’s Gold Price in Major Indian Cities
- Delhi: The price of 10 grams of 22 carat gold is Rs 88,300 and the price of 10 grams of 24 carat gold is Rs 96,320.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 88,150 and the price of 10 grams of 24 carat gold is Rs 95,180.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 88,150 and the price of 10 grams of 24 carat gold is Rs 96,170.
- Chennai: The price of 10 grams of 22 carat gold is Rs 88,150 and the price of 10 grams of 24 carat gold is Rs 96,170.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 88,200 and the price of 10 grams of 24 carat gold is Rs 96,220.
2025 Gold & Silver Price Rise
This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased by Rs 18,327 from Rs 76,162 to Rs 94,489. At the same time, the price of silver has also increased by Rs 9,386 from Rs 86,017 per kg to Rs 95,403. Last year, i.e. in 2024, gold became costlier by Rs 12,810.
Due to the growing trade war between the US and China and fears of recession, gold may reach $3,700 per ounce this year. If calculated according to the international rate, the price of 10 grams of gold in India can go up to Rs 1.10 lakh. Foreign investment bank Goldman Sachs has released this estimate.
