Gold prices in India surged to unprecedented levels on April 11, 2025, as escalating global trade tensions and fears of recession fueled demand for safe-haven assets. The price of 24-carat gold climbed by ₹2,020 per 10 grams, bringing the total to ₹95,400, while 22-carat gold saw a significant increase of ₹1,850, selling at ₹87,450 per 10 grams. The price of 18-carat gold also rose by ₹1,510, reaching ₹71,550 per 10 grams.
In major cities across India, gold prices reflected this upward trend. In Delhi, the cost of 24-carat gold was reported at ₹95,550 per 10 grams, while 22-carat gold was priced at ₹87,600. Meanwhile, in Mumbai, both 24-carat and 22-carat gold were listed at ₹95,400 and ₹87,450, respectively. Similar prices were observed in Kolkata, Chennai, and Bengaluru, indicating a nationwide surge in gold values.
Silver, too, experienced a rise, with prices increasing by ₹100 for one kilogram, bringing it to ₹97,100 in Delhi, Kolkata, and Mumbai. In Chennai, however, the price of silver was higher, reaching ₹1,08,000 per kilogram.
This surge in gold prices is largely attributed to the ongoing U.S.-China trade war, which has created a climate of uncertainty in global markets. Investors are increasingly turning to gold as a safe haven, leading to a spike in demand. The U.S. Dollar Index has been declining, further compounding the pressure on global markets and driving investors toward precious metals.
According to reports, spot gold prices rose by 1.4% to $3,217.78 per ounce, marking a new all-time high. Earlier in the session, bullion had peaked at $3,219.84, reflecting a nearly 6% increase for the week. Spot silver also saw gains, rising 0.3% to $31.29 per ounce. Platinum and palladium prices also increased, with platinum rising 0.1% to $938.35 and palladium up 0.8% to $915.75.
The Multi Commodity Exchange (MCX) reported that gold futures for June 5, 2025, opened at ₹92,463 per 10 grams, up ₹430 from the previous close. During trading, prices reached an all-time high of ₹93,736 before settling at ₹93,010, a gain of ₹977 or 1.06%.
In the international market, gold futures traded at approximately $3,207.20 per troy ounce, marking the first time they breached the $3,200 threshold. The spot gold price was around $3,195.83 per ounce as of 10:45 AM IST.
As analysts from ICICI Direct noted, the combination of declining confidence in the U.S. dollar and rising geopolitical risks is likely to keep gold prices elevated. The report emphasized that ongoing trade negotiations between the U.S. and China are expected to drive more investment into bullion, as recession fears loom large.
City-wise, the latest gold prices were as follows:
- Delhi: 24-carat gold at ₹95,550; 22-carat gold at ₹87,600.
- Mumbai: 24-carat gold at ₹95,400; 22-carat gold at ₹87,450.
- Kolkata: 24-carat gold at ₹95,400; 22-carat gold at ₹87,450.
- Chennai: 24-carat gold at ₹95,400; 22-carat gold at ₹87,450.
- Bengaluru: 24-carat gold at ₹95,400; 22-carat gold at ₹87,450.
Silver prices in major cities were also consistent, with Delhi and Mumbai both reporting silver at ₹97,100 per kg, while Kolkata saw it at ₹98,000, and Chennai at ₹1,08,000.
The rapid rise in gold and silver prices is indicative of a broader trend where investors are increasingly prioritizing the stability of precious metals amid economic uncertainty. The ongoing trade war and fluctuating currency values are expected to keep gold in high demand as a reliable investment.
In conclusion, as the world watches the developments in trade relations between the U.S. and China, the gold market continues to react dynamically, reflecting the sentiments of investors seeking security in their portfolios.
