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)
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MCX Gold (24K): ₹97,352/10 grams (↑ ₹73)
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MCX Silver (999): ₹97,275/kg (↑ ₹238)
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IBA Gold (24K): ₹97,560/10 grams
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IBA Gold (22K): ₹89,430/10 grams
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IBA Silver (999 fine): ₹95,720/kg
City-Wise Gold and Silver Prices April 22, 2025
Mumbai
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Gold (24K): ₹97,380/10g
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Silver: ₹95,540/kg
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MCX Gold: ₹97,352/10g
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MCX Silver: ₹97,275/kg
Chennai
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Gold (24K): ₹94,750/10g
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Silver: ₹95,460/kg
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MCX Gold: ₹97,352/10g
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MCX Silver: ₹97,275/kg
Kolkata
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Gold (24K): ₹94,350/10g
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Silver: ₹95,820/kg
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MCX Gold: ₹97,670/10g
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MCX Silver: ₹97,275/kg
Hyderabad
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Gold (24K): ₹97,540/10g
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Silver: ₹95,690/kg
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MCX Gold: ₹97,352/10g
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MCX Silver: ₹97,275/kg
Bengaluru
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Gold (24K): ₹94,460/10g
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Silver: ₹95,620/kg
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MCX Gold: ₹97,352/10g
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MCX Silver: ₹97,275/kg
New Delhi
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Gold (24K): ₹94,260/10g
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Silver: ₹95,380/kg
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MCX Gold: ₹97,220/10g
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MCX Silver: ₹97,275/kg
Why Are Gold Prices Rising?
Experts attribute this spike to:
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Global economic uncertainty
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Weaker US dollar
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Increased import tariffs by the US under Trump-era trade policy
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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
- 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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