🪙 Gold Prices in India Cross ₹1 Lakh Per 10 Grams, Marking a Historic High

📍 April 23, 2025

In a development that’s sending ripples through financial markets, gold prices in India have breached the ₹1 lakh mark per 10 grams for the first time ever—driven by a potent mix of global uncertainty, domestic demand, and currency fluctuations.

As of April 22, 2025, the price of 24-carat gold touched ₹10,150 per gram in the Delhi-NCR region, while Mumbai and Chennai recorded rates of ₹10,135 per gram. The surge represents a sharp day-on-day increase of ₹300 for 24K gold and ₹275 for 22K—an extraordinary jump that reflects both local enthusiasm and global anxiety.

📈 What’s Behind the Surge?

A convergence of macroeconomic and cultural factors is fueling the rally:

🌍 Global Volatility:
With tensions escalating across key geopolitical regions and concerns mounting over a potential global economic slowdown, investors are retreating to traditional safe-haven assets. Gold, long revered for its stability during periods of unrest, is once again in high demand.

🎊 Festival-Driven Demand:
India’s gold market is also experiencing a seasonal spike. Akshaya Tritiya—a festival associated with prosperity and gold purchases—is just days away. The annual wedding season, a major driver of gold consumption in the country, is also adding upward pressure.

💱 Rupee Weakness:
Compounding the surge is the depreciation of the Indian rupee against the US dollar, making gold imports more expensive. Given India’s heavy reliance on imported gold, this directly impacts retail pricing.

📜 A Historic Moment in Context

This record-setting price point marks a pivotal shift in the metal’s trajectory. Just three years ago, gold was trading at nearly half its current value. The doubling underscores gold’s enduring role as a hedge against inflation, currency erosion, and systemic risk.

Yet while the narrative may echo confidence, experts urge prudence.

🧠 Investment Perspective: Boom or Bubble?

“Gold continues to offer long-term protection against economic turbulence,” notes Anjali Menon, chief economist at Bharat Bullion & Commodities. “But at these levels, investors must weigh the risk of entering during a peak cycle.”

Analysts caution that while gold remains a strong component of diversified portfolios, the current price may not be sustainable in the short term. Buying purely on sentiment or festival fervor may expose retail investors to corrections, especially if global conditions stabilize or the rupee strengthens.

📝 Final Takeaway

Gold’s meteoric rise above ₹1 lakh per 10 grams is more than a market headline—it’s a barometer of global unease and local optimism. As economic crosscurrents continue to shape investor behavior, gold’s dual identity as ornament and asset is once again on full display.

For buyers, the key lies in balance: celebrate the tradition, but stay financially informed.

ℹ️ Note: Gold rates are subject to daily market fluctuations and may vary by city, jeweler, and purity. Always refer to updated rates before making a purchase.