Gold Prices Soar Past ₹1 Lakh Mark Amid Wedding Season and Global Economic Jitters – Check Rates in Your City

Ganpat Singh Chouhan

April 22, 2025 — In an unprecedented surge, gold prices in India crossed the ₹1 lakh mark per 10 grams in the physical market for the first time, driven by global uncertainties including Donald Trump’s tariff policies, a falling US dollar, and fears of a looming economic recession. The steep rise coincides with India’s wedding season, traditionally a high-demand period for gold purchases.

According to the latest data, 24-carat gold reached ₹97,200 per 10 grams, and with 3% GST, the total price jumped to ₹1,00,116 per 10 grams, marking a historic high in the Indian market.

MCX and IBA Gold & Silver Price Highlights (as of April 22, 7 AM)

MCX Gold (24K): ₹97,352/10 grams (↑ ₹73)
MCX Silver (999): ₹97,275/kg (↑ ₹238)
IBA Gold (24K): ₹97,560/10 grams
IBA Gold (22K): ₹89,430/10 grams
IBA Silver (999 fine): ₹95,720/kg

City-Wise Gold and Silver Prices April 22, 2025

Mumbai

Gold (24K): ₹97,380/10g
Silver: ₹95,540/kg
MCX Gold: ₹97,352/10g
MCX Silver: ₹97,275/kg

Chennai

Gold (24K): ₹94,750/10g
Silver: ₹95,460/kg
MCX Gold: ₹97,352/10g
MCX Silver: ₹97,275/kg

Kolkata

Gold (24K): ₹94,350/10g
Silver: ₹95,820/kg
MCX Gold: ₹97,670/10g
MCX Silver: ₹97,275/kg

Hyderabad

Gold (24K): ₹97,540/10g
Silver: ₹95,690/kg
MCX Gold: ₹97,352/10g
MCX Silver: ₹97,275/kg

Bengaluru

Gold (24K): ₹94,460/10g
Silver: ₹95,620/kg
MCX Gold: ₹97,352/10g
MCX Silver: ₹97,275/kg

New Delhi

Gold (24K): ₹94,260/10g
Silver: ₹95,380/kg
MCX Gold: ₹97,220/10g
MCX Silver: ₹97,275/kg

Why Are Gold Prices Rising?

Experts attribute this spike to:

Global economic uncertainty
Weaker US dollar
Increased import tariffs by the US under Trump-era trade policy
Soaring demand during India’s wedding season

With prices reaching historic highs, buyers are advised to monitor daily rates before purchasing, especially for weddings or investment.

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.