New Delhi, April 21, 2025 — Gold prices in India reached a historic milestone on Monday evening as the rate of 24-karat gold surged past the Rs 1 lakh mark per 10 grams in the physical market — a feat never witnessed before in the country’s bullion trade.
As per the latest figures, 24K gold was quoted at Rs 97,200 per 10 grams, and after adding the standard 3% Goods and Services Tax (GST), the price stood at Rs 1,00,116, officially crossing the psychological Rs 1 lakh barrier.
Record-Breaking Rally in MCX Gold
On the Multi Commodity Exchange (MCX), June gold contracts soared to a lifetime high of Rs 97,288 per 10 grams, marking a dramatic single-day gain of Rs 1,946 or 2.04% as of 6:45 PM. Markets were shut on Friday due to Good Friday, adding momentum to Monday’s surge.
This rally has pushed gold’s year-to-date gains in 2025 to over 26% or Rs 20,800 per 10 grams, signaling strong investor appetite for the precious metal amid global uncertainty.
What’s Driving the Surge in Gold Prices?
According to commodity experts, multiple global and domestic factors are fueling the surge:
- Dollar Weakness:
The US Dollar Index (DXY) has tumbled below the 99 mark, declining nearly 6% over the last month, and more than 10% in the last three months. As gold traditionally moves inversely to the dollar, this slump has added significant upward pressure. - Global Economic Tensions:
Heightened fears of a global slowdown, exacerbated by renewed Sino-US trade tensions, are prompting investors to seek the safety of gold. Despite a temporary suspension of tariffs for some countries, China remains under trade fire, triggering fresh fears in financial markets. - Geopolitical and Trade Risks:
The Trump administration’s aggressive tariff measures, particularly the April 2 decision to impose reciprocal duties on multiple nations, have further disrupted international relations and added to market volatility. - Central Bank Buying and Stagflation Concerns:
Persistent buying by global central banks and rising concerns about stagflation (low growth combined with high inflation) are pushing more institutions and investors to hedge their positions with gold.
Global Market Trends
Gold prices aren’t just soaring domestically. On the international stage, COMEX gold hovered near $3,407.30 per troy ounce, gaining $78.90 or 2.37% in a single session — reflecting similar global sentiment.
As the dollar loses steam and trade tensions mount, investors and central banks worldwide are pivoting towards gold as a hedge — reinforcing its status as the ultimate safe-haven asset.
What Should Indian Investors Expect Next?
With the Indian wedding season around the corner and Akshaya Tritiya fast approaching, demand is expected to remain robust. However, analysts caution that volatility may persist, and prospective buyers should monitor international cues closely.
Gold’s breakout above the Rs 1 lakh mark could trigger psychological buying as well as cautious profit-booking. Retail buyers and investors must now weigh short-term trends against long-term fundamentals.
As uncertainties ripple through global markets, gold has once again cemented its role as a reliable safe haven. Monday’s milestone isn’t just a number — it’s a reflection of shifting economic tides, wary investors, and a world that’s increasingly turning to the age-old security of yellow metal.
