Gold Prices Continue to Soar Across India
Gold prices in India have surged to fresh lifetime highs as of April 22, 2025, with 24K gold hitting an all-time peak of ₹98,350 per 10 grams. The rally follows a strong performance globally, amid mounting geopolitical and economic concerns.
On Monday, the price of 100 grams of 24K gold rose by ₹7,700, reaching ₹9,83,500 in major cities like Mumbai, Chennai, Hyderabad, and Kolkata. Simultaneously, 22K gold reached a new milestone of ₹90,150 per 10 grams, a ₹7,000 increase from the previous level.
Even 18K gold, often used in lighter ornaments, saw unprecedented gains — rising by ₹5,700 to ₹7,37,600 per 100 grams. These historic prices come on the back of a significant jump in international gold value, with spot gold climbing over $3,420 per ounce, up more than 2.5% in a single session.
MCX Gold Hits Lifetime High
The Multi Commodity Exchange (MCX) in India echoed the bullish global sentiment. MCX Gold Futures for June 2025 expiry touched a record ₹96,747 per 10 grams during intraday trade on April 21, surpassing previous highs and even exceeding silver prices in some instances.
As the gold rally gathers pace, the premium over silver widened, despite silver itself experiencing an uptrend. In Delhi, Mumbai, and Bangalore, silver climbed to ₹1,01,000 per kg, while in Chennai and Hyderabad it was costlier at ₹1,11,000 per kg.
Why Gold Prices Are Rising Rapidly
The current surge in gold prices is being driven by a confluence of global economic and political factors. According to Jateen Trivedi, VP Research Analyst at LKP Securities, the rally is supported by:
- Escalating tariff tensions and trade concerns
- Growing anxiety over the U.S. economic outlook and slowing growth
- The looming U.S. debt crisis and fiscal uncertainty
- Heavy buying by central banks, China, and institutional investors
Additionally, the U.S. dollar slipped to a three-year low amid fears of political interference in the Federal Reserve. Reports suggest President Trump is pressuring the Fed for aggressive rate cuts and even considering replacing Fed Chair Jerome Powell. This uncertainty has rattled markets, driving investors towards gold as a safe haven.
What to Expect for April 22 and Beyond
Given the current trajectory, analysts expect gold prices to maintain their bullish momentum. Spot gold’s global climb and continued domestic buying activity are likely to push rates even higher in India, especially for 24K and MCX gold contracts.
Short-term volatility may be expected around key global events or announcements from the U.S. Fed, but the broader trend remains upward. Investors and jewelers are closely watching resistance levels above ₹98,500 and eyeing the ₹100,000 psychological mark for 24K gold.
Is Gold Still a Good Investment?
With gold up more than 30% year-to-date, many retail investors are wondering if there is still room to enter. Experts suggest that gold remains a reliable hedge against inflation, economic instability, and currency depreciation.
However, with prices at all-time highs, new buyers should approach with caution and consider staggered investments or gold ETFs to reduce entry risk.
“Technically, as long as Comex holds above $3,250 and MCX above ₹91,000, the uptrend remains intact. Any dips towards ₹93,000 in MCX may offer fresh buying opportunities. However, given the elevated levels, speculators are advised to maintain low-risk positions to manage potential volatility,” Trivedi added.
“The short-term rally remains debatable beyond $3500. However, the longer-term underlying bullish strength could well surpass $3500 and scale unpredictable highs. Every price correction could well see only higher lows with supports seen at $3280, $3150 and $3080,” Ventura expert added.
Category: Business, Finance, Commodities, Investment News
Tags: gold price India, MCX gold, 24K gold rate, 22K gold, 18K gold, silver price India, gold price prediction, US economy impact, gold rally 2025, Trump Fed news, inflation hedge, gold market trends
