April 11 New Delhi Gold prices in India have skyrocketed to new all-time highs, dealing a major blow to buyers just ahead of the peak wedding season. On April 11, 24K gold surged by ₹2,913 per 10 grams, while silver rates jumped by ₹1,958 per kilogram, reflecting ongoing geopolitical tensions and global economic uncertainty.
Gold Hits Record Highs: Now ₹95,866 per 10g Including GST
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold (including GST) has soared to ₹95,866 per 10 grams, while silver now stands at ₹95,405 per kg. In the domestic market, pure gold touched ₹93,074 per 10 grams, reflecting intense buying interest from investors seeking safe-haven assets.
Meanwhile, 23-carat gold rose by ₹2,901 to ₹92,701, and 22-carat gold jumped ₹2,668 to ₹85,256 per 10 grams. Even 18-carat gold saw a surge, now priced at ₹69,806—an increase of ₹2,185.
Why Are Gold Prices Rising Sharply?
The recent spike in gold and silver prices is attributed to several global macroeconomic factors:
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Geopolitical tensions including wars and regional conflicts
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D-dollarization trends, as central banks shift away from the US dollar and increase gold reserves
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Continued buying by ETFs and central banks worldwide
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Fears of inflation and economic slowdown
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Recent volatility in the equity markets
Experts like Ajay Kedia suggest that gold will continue to be a favored asset amid this uncertainty. “Factors supporting the gold rally remain dominant. Investors are moving toward gold as a safe investment,” he said.
Price Gap Between Cities
IBJA prices serve as a benchmark, excluding GST and local charges. Prices may vary across cities depending on demand, local taxes, and vendor premiums. Typically, there is a ₹1,000–₹2,000 difference in rates city-to-city.
IBJA publishes gold and silver rates twice a day—once around noon and again by 5 PM.
What’s Next for Gold Buyers?
The dream of buying gold at ₹50,000–₹55,000 is becoming increasingly distant. With sustained upward momentum and global instability, gold may remain above ₹90,000 for the foreseeable future, especially as central banks continue their aggressive buying spree.
Author Profile
- My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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