With the wedding season in full swing, gold prices in India are skyrocketing, and we are unprepared for it. Prices surged again this Good Friday, marking the third consecutive rise this week. This yellow metal is unsettling, breaking new records daily, and now sits just shy of the ₹1,00,000 mark per 10 grams.
In recent times, gold has become a safer option for investors amid rising global tensions. Looking at international gold prices, it is currently trading at $3,300 per ounce. The U.S. dollar is reportedly weakening by the day.
According to Nirmal Bang Securities, “The precious metal has climbed more than 26% this year and hit a series of record highs as the escalating trade war creates anxiety over a possible global recession and as investors struggle to take long-term positions due to the unpredictability of tariff announcements from Washington…”
This article discusses the current gold prices in some major Indian cities.
Gold prices in India
Gold prices in India surged again on Friday, April 18. The 24-carat rate rose by ₹270, hitting ₹97,580 per 10 grams. The 22-carat gold climbed ₹250 to ₹89,450, while 18-carat gold increased by ₹200 to ₹73,190 per 10 grams.
In the same trend, 24-carat gold is now valued at ₹9,75,800 per 100 grams, and 22-carat gold is available at ₹8,94,000 for the same quantity.
On the other hand, the Silver prices in India saw a slight dip of 100 rupees on Friday, April 18. As of today, the cost of 1kg of silver is 99,900.
1. Gold Rates in Chennai
Today, 24-carat gold is priced at ₹97,580 per 10 grams, while 22-carat gold costs ₹89,450 per 10 grams.
2. Gold Rates in Bangalore
In Bangalore, 22-carat gold is priced at ₹89,450 per 10 grams, while 24-carat gold stands at ₹97,580.
3. Gold Rates in Hyderabad
In Hyderabad, the price of 22K gold is ₹89,450 per 10 grams, while 24K gold is priced at ₹97,580 per 10 grams.
4. Gold Rates in Mumbai
In Mumbai, 22-carat gold is priced at ₹89,450 per 10 grams, while 24-carat gold stands at ₹97,580.
Gold futures on MCX, expiring June 5, 2025, dipped 0.44% to ₹95,239, while silver futures (due May 5, 2025) slipped 0.04% to ₹95,001.
According to a report by Reuters, "Spot gold climbed 3.1% to $3,327.97 an ounce as of 1:45 p.m. ET (1745 GMT), after hitting a record high of $3,332.89 earlier in the session. U.S. gold futures gained 3.3% to settle at $3,324.50. Spot silver rose 1.7% to $32.85 an ounce."
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