Gold Hits Record High Amid US-China Tensions, Silver Also Surges

Ganpat Singh Chouhan

New Delhi, April 17, 2025 — The escalating trade tensions between the United States and China have sent ripples across global financial markets, pushing gold prices in India to historic highs. For the first time ever, 24-carat gold breached the ₹96,000 mark, while 22-carat gold crossed ₹88,000 per 10 grams. Alongside, silver prices also witnessed a sharp surge, adding more glitter to India’s bullion market.

Record-Breaking Gold Prices in Major Cities

Gold rates surged by ₹970 to ₹1,010 per 10 grams across the country. Following this steep rise, 24-carat gold is trading between ₹96,180 and ₹99,330 per 10 grams, depending on the city and local taxes. 22-carat gold is being sold in the ₹88,160 to ₹88,310 range.

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City-Wise Gold Prices (per 10 grams):

Delhi: ₹96,330 (24K), ₹88,310 (22K)
Mumbai: ₹96,180 (24K), ₹88,160 (22K)
Ahmedabad: ₹96,230 (24K), ₹88,210 (22K)
Chennai: ₹96,180 (24K), ₹88,160 (22K)
Kolkata: ₹96,180 (24K), ₹88,160 (22K)
Lucknow: ₹96,330 (24K), ₹88,310 (22K)
Patna: ₹96,230 (24K), ₹88,210 (22K)
Jaipur: ₹96,330 (24K), ₹88,310 (22K)
Bengaluru / Hyderabad / Bhubaneswar: ₹96,180 (24K), ₹88,160 (22K)

This surge has been largely driven by safe-haven demand as geopolitical risks rise, with investors moving to gold as a hedge against market volatility and inflation fears.

Silver Shines at ₹1 Lakh per Kilogram

Silver is not far behind in this precious metal rally. Silver prices rose by ₹300 per kg, bringing the current market rate to ₹1,00,000 per kilogram in Delhi — a key psychological barrier and an all-time high.

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What’s Fueling the Rally?

The recent tariff-related tensions between the US and China have raised concerns over global trade instability, encouraging investors to park funds in safe assets like precious metals. The depreciation of the Indian Rupee, coupled with firm international prices, has also contributed to this uptrend.

Market analysts expect gold and silver to remain bullish in the short term, especially if the geopolitical uncertainty persists.

Outlook

With Akshaya Tritiya and the wedding season around the corner, the continued price rise could impact consumer demand. However, investors may still flock to gold as a portfolio stabilizer, especially in times of global economic flux.

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Author Profile

Ganpat Singh Chouhan: 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.