Gold prices in India have hit a major milestone, breaking the ₹1 lakh per 10 grams mark for the first time ever! As of April 22, 2025, 24-carat gold is priced at ₹101,350 per 10 grams in Mumbai. Meanwhile, in Delhi, the price jumped by ₹1,800, pushing it past the ₹1 lakh threshold. This surge is largely driven by strong demand ahead of Akshaya Tritiya and the wedding season.
What’s Behind the Surge?
- Global Economic Uncertainty: There’s a lot of nervousness in the air right now, especially with the possibility of changes in the leadership of the U.S. Federal Reserve and ongoing trade tensions. As a result, many investors are flocking to safer assets like gold.
- A Weakened U.S. Dollar: The dollar’s decline has made gold even more appealing to international buyers, further driving up the price of the precious metal.
- Safe-Haven Appeal: In times of geopolitical tensions and economic instability, gold is always seen as a safe bet. People are turning to it more and more as a hedge against uncertainty.
What’s Next?
Some analysts are predicting that gold could continue its upward climb, with the price potentially hitting ₹1,06,000 per 10 grams in the future. For those looking to get in on the action, experts suggest considering staggered investments, like Systematic Investment Plans (SIPs) in digital gold or ETFs, to manage costs over time.
