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Gold Prices In India Cross 1 Lakh Reasons Impact Insightsias

Bonisiwe Shabane
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gold prices in india cross 1 lakh reasons impact insightsias

Context: Gold prices in India have hit historic highs, breaching ₹1 lakh per 10 grams on MCX, driven by global stagflation concerns, US-China tensions, and rising central bank demand, including the RBI. <img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-323700" src="https://www.insightsonindia.com/wp-content/uploads/2025/04/Gold-Prices-Rise.jpg" alt="" width="300" height="168" srcset="https://www.insightsonindia.com/wp-content/uploads/2025/04/Gold-Prices-Rise.jpg 300w, https://www.insightsonindia.com/wp-content/uploads/2025/04/Gold-Prices-Rise-150x84.jpg 150w" sizes="(max-width: 300px) 100vw, 300px" /> The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking... With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read... How to balance work and study: 8 tips every student needs to know

High stakes, high pay: 9 law specialisations with high earning potential 10 animals from India that start with the alphabet "A" How to use the trending Matcha in your beauty routine Gold prices are glittering above the Rs 1 lakh-level per 10 gm for the first time as the international prices surged after US President Donald Trump unveiled plans to overhaul the Federal Reserve. Gold consolidated its position as the best safe haven asset in the volatile global financial markets. The price of 24-karat gold (999 fineness) was quoted at Rs 101,350 per 10 gm in the Mumbai bullion market on Tuesday.

The price of 22 karat gold was quoted at Rs 92,900 per 10 gm on Tuesday as global markets continued to remain jittery over Trump’s tariff plans and his threat to revamp the US... Gold prices in India generally follow international prices. Global gold prices continued to surge with rates crossing $3,400 an ounce even as the US dollar tumbled. Gold has gained nearly 59 per cent since March 2024. A weaker dollar boosts demand for gold, since it makes the metal more affordable to investors holding foreign currencies. Gold price today in New York is around $3,486.85 per troy ounce.

The gold price rally is largely driven by renewed uncertainty surrounding US monetary policy, after Trump unveiled plans to overhaul the Federal Reserve. The US President intensified his attack on Federal Reserve chief Jerome Powell for not cutting interest rates even as the US dollar sinks in the currency market. Meanwhile, the US Fed issued a warning that tariffs could threaten its dual mandate of maintaining stable prices and full employment, which further strengthened gold’s safe-haven appeal. Gold prices in India have surged past ₹1 lakh per 10 grams, raising concerns among jewellers just ahead of Raksha Bandhan and Diwali. While the price rise is supported by global trends, it may dampen festive season jewellery sales. Gold prices in India have hit a record high of ₹1,00,000 per 10 grams, largely driven by strong global demand, particularly central bank buying, and ongoing US trade uncertainties.

Jewellers across the country are reporting muted consumer response as the psychological ₹1 lakh barrier may be discouraging bulk jewellery purchases. With major festivals like Raksha Bandhan and Diwali approaching, the industry is worried about the impact on demand during what is typically a strong buying season. Silver prices have also jumped, further pressuring consumers planning purchases. Recommended Read: Asian Paints Q1 Net Profit Falls 6% to ₹1,100 Cr, Meets Estimates Gold prices in India surge past ₹1 lakh per 10 grams amid economic uncertainty, central bank demand, and a weakening US dollar New Delhi/Mumbai – April 22, 2025: Gold prices in India have scaled an unprecedented peak, crossing ₹1 lakh ($1,200) per 10 grams for the first time in retail markets—leaving investors, jewelers, and policymakers equally...

This landmark moment comes just ahead of Akshaya Tritiya, a festival traditionally marked by gold purchases, but experts say festive demand is only part of the story. In the span of a single day, 24-carat gold surged by ₹3,330, according to the India Bullion and Jewellers Association. Silver also marched upward, now priced at ₹95,900 per kilogram. On the futures front, gold contracts expiring in early June climbed sharply on the MCX, closing in on the ₹1 lakh threshold, with no signs of slowing. But beyond seasonal traditions, what’s really driving this extraordinary rally? The world economy is wobbling, and gold is shining brighter because of it.

As India inches closer to the symbolic Rs 1 lakh per 10 grams mark for gold, investors, consumers, and policymakers alike are grappling with a fundamental question: what exactly is fuelling this unprecedented rally? The current gold surge is of course driven by our love for the metal, but more than this demand it’s also a complex interplay of geopolitical uncertainty, macroeconomic recalibration, shifting central bank strategies, and... Also read: Gold biscuits among unique items left behind in Ubers in 2024 The Trump Tariff Effect and the Safe Haven Appeal At the heart of the current gold rally lies a deeply volatile global political environment. Donald Trump’s renewed grip on American economic strategy, particularly his penchant for tariffs, migration controls, and combative foreign policy, has ignited tremors in global markets.

This policy-driven unpredictability has unnerved investors, who are flocking to gold as a traditional safe-haven asset.

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