Gold Rate In India At All-Time High On Good Friday; 24K/100g Gold Surges Rs. 2700; Silver Declines

Gold prices in India increased again today on Good Friday, marking the third consecutive increase this week. The precious metal is breaking records daily and is inching closer to the historic Rs. 1,00,000 per 10 grams mark.

This unstoppable surge in gold rates in india is proving to be a burden for common buyers. Many who were planning to purchase gold are now deterred by the sky-high gold rates.

The main factor behind this rally is the rising uncertainty in the global economy, which is pushing investors towards safe-haven assets like gold. International gold prices (spot gold) have soared to peak levels, trading above USD 3,300 per ounce. The weakening US dollar is further supporting the upward momentum in bullion.

Gold Rate in India

On Friday 18th April, the 24-carat gold rate in India Spiked by Rs. 270 per 10 grams to cost Rs 97,580 per 10 grams. The 22-carat gold price in India jumped by Rs. 250 per 10 grams to reach Rs. 89,450. Similarly, the 18-carat gold rates rose by Rs 200 per 10 grams to cost Rs 73,190

Similarly, 100 grams of 24-carat gold rate stands at Rs 9,75,800, and the 22-carat gold rate is currently at Rs 8,94,000 per 100 grams of gold.

Silver Rates in India today

Silver prices in India on Friday Slipped Slightly. As of 18th April, 1kg of silver in India cost Rs. 99,900 which slipped by Rs. 100. While 100g of silver rates in India dropped Rs. 10 to cost Rs. 9,900.

Latest 22-Carat & 24-Carat Gold Prices Across India: City-Wise

The current gold prices for 22-carat gold and 24-carat gold in major Indian metropolitans are similar to Indian gold prices today.

Gold Price in Chennai

The 24-carat gold price in Chennai stands at Rs. 97,580 per 10 grams, while the 22-carat gold price in Chennai stands at Rs. 89,450 per 10 grams.

Gold Price in Bangalore

As of today, the 22-carat gold rate in Bangalore stands at Rs. 89,450 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs. 97,580 per 10 grams.

Gold in Price in Hyderabad

The 22K gold price in Hyderabad is Rs. 89,450 per 10 grams, while the 24K gold price in Hyderabad is Rs. 97,580 per 10 grams.

Gold Price in Mumbai

The 22-carat gold in Mumbai is Rs. 89,450 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs. 97,580 per 10 grams.

MCX Gold Price and Silver Price

Gold prices on the MCX (Multi Commodity Exchange) slipped slightly. Currently, gold futures prices due to mature on June 5th, 2025, stand at Rs.95,239 after dropping by 0.44%. Silver futures, which are maturing on May 5, 2025, also decreased today, currently trading 0.04% down at Rs 95,001.

Spot Gold Price and Spot Silver Rate

According to the latest report by Reuters, "Spot gold climbed 3.1% to $3,327.97 an ounce as of 1:45 p.m. ET (1745 GMT), after hitting a record high of $3,332.89 earlier in the session. U.S. gold futures gained 3.3% to settle at $3,324.50. Spot silver rose 1.7% to $32.85 an ounce."

Market Outlook For Gold Prices In India

As per Nirmal Bang Securities, "Gold surged to a fresh high on haven demand as the dollar fell and tech stocks slumped after US President Donald Trump ordered a probe that could open up a new front in the global trade war. Bullion gained as much as 3.2% on Wednesday to climb above USD 3,300 an ounce for the first time, surpassing the previous record set on Monday. The dollar fell to a fresh six-month low as traders were whiplashed again by a slew of tariff headlines, with Trump launching an investigation into the need for levies on critical minerals. The precious metal has climbed more than 26% this year and hit a series of record highs as the escalating trade war creates anxiety over a possible global recession and as investors struggle to take long-term positions due to the unpredictability of tariff announcements from Washington. Leading banks remain optimistic about bullion's prospects over the coming quarters as investors add to holdings in gold-backed exchange-traded funds and central banks continue to accumulate the metal."

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