On April 12, 2025, gold and silver prices in India experienced notable fluctuations, prompting consumers to check current rates before making purchases, especially on the auspicious occasion of Hanuman Jayanti. Gold prices saw a decrease of 270 rupees per 10 grams, while silver prices surged by 2900 rupees per kilogram. Following these changes, gold is trending at 95,000 rupees and silver at 1 lakh rupees.
As per the latest reports from the Sarafa Bazaar, the prices for 22-carat gold on this day stand at 87,850 rupees, while 24-carat gold is priced at 95,820 rupees. Additionally, the rate for 18-gram gold is reported at 71,880 rupees. In terms of silver, the price for 1 kilogram is now at 1,00,000 rupees.
In various cities, the price of gold varies significantly. For instance, in Delhi's Sarafa Bazaar, the cost of 10 grams of 18-carat gold is 71,880 rupees. Meanwhile, in Kolkata and Mumbai, the price is slightly lower at 71,760 rupees. In Indore and Bhopal, gold is priced at 71,600 rupees, and in Chennai, it is trending higher at 72,600 rupees.
When looking at 22-carat gold, prices in Bhopal and Indore are 87,510 rupees per 10 grams. In contrast, Jaipur, Lucknow, and Delhi have higher rates at 87,850 rupees. Hyderabad, Kerala, Kolkata, and Mumbai see the price at 87,700 rupees, while Chennai's Sarafa Bazaar lists it at 95,670 rupees.
For 24-carat gold, the rates in Bhopal and Indore are 95,410 rupees, while Delhi, Jaipur, Lucknow, and Chandigarh report 95,820 rupees. In Hyderabad, Kerala, Bangalore, and Mumbai, the price is 95,670 rupees, and Chennai's market aligns with this figure.
In the silver market, major cities are seeing uniform pricing. For example, in Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi, 1 kilogram of silver is priced at 1,00,000 rupees. However, in Chennai, Madurai, Hyderabad, and Kerala, the price is higher at 1,10,000 rupees. Bhopal and Indore also show silver at 1,00,000 rupees.
According to the Indian Standard Organization (ISO), purity in gold is identified through hallmarks. A hallmark indicates the purity of the metal, with 24-carat gold being 99.9% pure and 22-carat gold approximately 91% pure. Jewelry made from 22-carat gold contains 9% other metals such as copper, silver, and zinc.
Despite the recent fluctuations, the gold market remains robust. The All India Gem and Jewellery Domestic Council reported a significant demand for gold, particularly in the national capital, where prices reached a record high of 96,450 rupees per 10 grams on April 11, 2025. This spike is largely attributed to the ongoing trade tensions between China and the United States, which have driven investors towards gold as a safe haven.
On April 11, gold prices surged by 6,250 rupees in a single day, marking a significant recovery after a four-day decline. The previous market close saw gold priced at 90,200 rupees per 10 grams on April 9. The increase has been linked to rising demands for safe investments amid escalating US-China trade tensions, which have prompted a rise in international gold prices.
In the global market, the price of spot gold reached a new high of $3,237.39 per ounce before settling at $3,222.04. Similarly, Comex gold futures in Asian markets also hit a record high of $3,249.16 per ounce. The heightened demand for gold is a direct response to the ongoing trade war, where the United States has imposed 145 tariffs on China, while China has retaliated with 125 percent tariffs, effective April 12, 2025.
As of April 12, 2025, the price of gold on the Multi Commodity Exchange (MCX) for June contracts has also seen a notable rise, increasing by 1,703 rupees to reach a high of 93,736 rupees per 10 grams. This upward trend reflects the market's response to both domestic and international economic factors.
In summary, the gold and silver markets are experiencing significant volatility, driven by both local demand and international economic tensions. As consumers prepare for purchases on this festive occasion, staying informed about current rates is essential. The ongoing fluctuations in prices are a reminder of the dynamic nature of commodity markets and the impact of global events on local economies.
