Gold prices across India have surged to record levels on April 22, 2025, driven by global economic uncertainties and rising demand for safe-haven assets. The price of 24-carat gold increased by ₹10, reaching ₹98,360 per 10 grams in early trading. In Delhi, the price was slightly higher at ₹98,510, while 22-carat gold was priced at ₹90,160 in cities like Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad.
In Chennai, the gold price saw a significant rise of ₹2,200 per sovereign, bringing the cost to ₹74,320, with 22-carat gold priced at ₹9,290 per gram. Meanwhile, the price of 24-carat gold in Chennai reached ₹10,135 per gram. This dramatic increase follows fluctuations earlier this year, where prices had dipped to ₹63,240 per sovereign in February before climbing steadily.
In Bangalore, the situation mirrored that of Chennai, as the price of 24-carat gold skyrocketed to ₹101,350 per 10 grams, marking a historic milestone of crossing the ₹1 lakh mark for the first time. The price of 22-carat gold also rose significantly, now costing ₹92,900 per 10 grams. Analysts attribute this surge to a weakening US dollar, ongoing geopolitical tensions, and instability in the stock markets.
As of April 22, gold prices have increased by more than 25% since the start of 2025, with international spot gold prices climbing above $3,400 per ounce. This was spurred by concerns over the economic policies of the U.S. government, particularly criticisms from former President Donald Trump regarding the Federal Reserve's approach to interest rates.
In terms of silver, prices also rose, with one kilogram of silver selling at ₹1,01,100 in major cities like Delhi, Kolkata, and Mumbai. In Chennai, silver was priced at ₹1,11,100 per kilogram. Silver prices have remained relatively stable compared to gold, with minor fluctuations.
On the international front, spot gold was reported at $3,429.03 an ounce, up 0.1% from the previous session, after hitting a record high of $3,443.79 earlier in the day. U.S. gold futures also showed an increase of 0.4% to $3,439.70. Experts believe that the combination of global economic instability and the ongoing trade war between the U.S. and China has led to a significant interest in gold as a safe-haven investment.
Market analysts have noted that this surge in gold prices is not merely a short-term trend but reflects deeper economic concerns. "In an environment dominated by policy uncertainty, inflationary pressures, and volatile geopolitics, gold continues to be a beacon of stability," said Navneet Damani, Group Senior Vice President at Motilal Oswal Financial Services. He further emphasized that gold is likely to remain a favored asset as central banks bolster their reserves and investors seek safety.
As the prices continue to fluctuate, many potential buyers are left wondering whether now is the right time to invest in gold. Some experts suggest that while prices may see nominal declines due to profit booking, the overall trend points towards further increases in the coming months.
In summary, the gold market in India is currently experiencing unprecedented highs, with various factors contributing to this surge. Investors are advised to stay informed and consider market conditions before making any purchasing decisions. As always, gold remains a popular choice for those looking to hedge against economic uncertainty.
