Gold made a new all-time high today i.e. on 21 April. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has increased by ₹ 1,760 to ₹ 96,670. Earlier, the price of 10 grams of gold was ₹ 94,910. At the same time, the price of one kg silver has increased by ₹ 1,091 to ₹ 96,242 per kg today. Earlier, the price of silver was ₹ 95,151 per kg. On March 28, silver had made an all-time high of ₹ 1,00,934.
Factors Driving the Rise in Gold Prices
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.
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.
The wedding season has begun, and 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 booming as people see gold as a symbol of investment and prosperity.
Gold Prices in Major Indian Cities
- Delhi: The price of 10 grams of 22 carat gold is Rs 90,300 and the price of 10 grams of 24 carat gold is Rs 98,500.
- Mumbai: The price of 10 grams of 22 carat gold is Rs 90,150 and the price of 10 grams of 24 carat gold is Rs 98,350.
- Kolkata: The price of 10 grams of 22 carat gold is Rs 90,150 and the price of 10 grams of 24 carat gold is Rs 98,350.
- Chennai: The price of 10 grams of 22 carat gold is Rs 90,150 and the price of 10 grams of 24 carat gold is Rs 98,350.
- Bhopal: The price of 10 grams of 22 carat gold is Rs 90,200 and the price of 10 grams of 24 carat gold is Rs 98,400.
Gold and Silver Price Growth in 2025
This year, i.e. from January 1 till now, the price of 10 grams of 24 carat gold has increased by Rs 20,508 from Rs 76,162 to Rs 96,670. At the same time, the price of silver has also increased by Rs 10,225 from Rs 86,017 per kg to Rs 96,242. 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.
