Gold has hit an all-time high in India, with prices crossing ₹1 lakh per 10 grams for the first time in history. In major cities like Delhi, Mumbai, Chennai, and Kolkata, 24-carat gold is now priced above ₹10,000 per gram—a level never seen before.
The surge comes as global investors turn to gold as a safe haven amid rising economic uncertainty. Gold futures in the U.S. jumped 1.7% to $3,482.40 on Monday evening. The market turbulence is being fueled by tensions between U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell, casting doubt on the Fed's economic direction and pushing investors toward stable assets like gold.
Today’s Gold Prices in Major Indian Cities (Per Gram – 24 Carat)
- Delhi: ₹10,150
- Noida: ₹10,135
- Gurugram: ₹10,135
- Mumbai: ₹10,135
- Chennai: ₹10,135
- Bengaluru: ₹10,135
- Kolkata: ₹10,135
For 22-carat gold, which is commonly used in jewelry, the rates are slightly lower, around ₹9,290–₹9,305 per gram in most cities.
Why Are Gold Prices Soaring?
India’s cultural and economic bond with gold makes it a go-to investment, especially during global financial uncertainty. With markets in flux and the U.S. Dollar Index slipping to 98.12 (a 0.16% drop), gold's appeal as a hedge against inflation and volatility has skyrocketed. Increased demand, both globally and domestically, has sent prices soaring.
As the wedding season approaches and economic jitters continue, gold is not just glittering—it’s booming.
