Gold Rate In India On 1st April, Surges To Peak Level: 24K/100g Gold Spikes Rs. 9,300; Silver Rises Rs.1000

Gold prices in India have surged for the second consecutive day this week, reaching record highs. Over the past two days alone, prices have jumped by an impressive Rs. 16,400 per 100 grams, marking a significant rally.

The sharp rise is primarily due to investor demand for safe-haven assets ahead of the expected U.S. tariff imposition set to take effect tomorrow. This surge follows a week of consistent gains, during which gold prices rose for seven straight sessions before briefly slipping last week. Market Participants are also looking forward to the employment data set to release this week.

Gold Rate in India Today

On the 1st of April, 24-carat gold rates in India spiked by Rs. 930 per 10 grams to cost Rs. 92,840. While the 22-carat gold price now retails at Rs. 85,100 per 10 grams after a rise of Rs. 850. Likewise, 18-carat gold spiked by Rs. 690 to retail at Rs. 69,630 per 10 grams.

The bigger weight variant of gold also saw the same spike. 100 grams of 24-carat gold rates now retail at Rs. 9,28,400, and the 22-carat gold rates per 100 grams now cost Rs. 8,51,000.

Silver prices in India today

Silver rates in India today surged after a period of no gains. 1 kg of silver in India costs Rs. 1,05,000. While 100g of silver rates in India retails at Rs. 10,500.

Latest 22-Carat & 24-Carat Gold Rates City-Wise

Below is a city-wise breakdown of the latest 22-carat gold price and 24-carat gold price in major Indian cities.

Gold Price in Chennai

The current 24-carat gold price in Chennai is ₹92,840 per 10 grams, while the 22-carat gold price in Chennai stands at ₹85,100 per 10 grams.

Gold Price in Bengaluru

The gold market in Bengaluru is witnessing similar trends. As of today, the 22-carat gold rate in Bengaluru is ₹85,100 per 10 grams, whereas the 24-carat gold rate in Bengaluru is ₹92,840 per 10 grams.

Gold Rate in Hyderabad

Gold prices in Hyderabad remain steady, following the national trend. The 22K gold price in Hyderabad is ₹85,100 per 10 grams, while the 24K gold price in Hyderabad is ₹92,840 per 10 grams.

Gold Price in Mumbai

Mumbai, a major hub for gold trading in India, is seeing a similar spike in gold rate. The 22-carat gold price in Mumbai is ₹85,100 per 10 grams, whereas the 24-carat gold price in Mumbai stands at ₹92,840 per 10 grams.

MCX Gold and Silver Prices

Gold futures prices on the MCX, which are going to mature on April 4, jumped as the month began. Today the prices are trading at Rs. 90,925 with an increase of 0.89%. Similarly, silver futures prices set to mature on May 5th, 2025, at Rs. 1,00,833, which rose 0.77% at the time of writing.

"MCX Gold June is expected to rise towards the ₹91,800 level as long as it holds the support near the ₹90,200 level. MCX Silver May is expected to rise further towards the ₹102,000 level as long as it trades above the ₹99,000 level. Above, ₹102,000; it would open the doors towards ₹104,500." As per the ICICI Direct Research report.

Spot Gold Price and Spot Silver Rate

According to a Reuters report, spot gold was up 0.6% at $3,142.83 an ounce, as of 0310 GMT, after hitting an all-time high of $3,145.38 earlier in the session. U.S. gold futures rose 0.7% to $3,171.80. Spot silver firmed 0.2% to $34.13 an ounce."

Gold Prices Target and Outlook This Week

As per the ICICI Direct research report, "Gold is expected to move higher towards the $3150 level on expectation of weakness in the dollar and US treasury yields. Further, escalating global trade tension and US President Donald Trump's new reciprocal tariff policies would increase the safe haven appeal of the yellow metal. Moreover, weakness in the global equities and forecast of softer US economic numbers would bring more inflows in the bullions."

The report further added, "On the data front, fresh additions of OI in OTM put strikes indicate gold is to hold strong support near the $3100 level, and on the upside, immediate resistance exists near the $3150 level. A move above $3150 would rise further towards $3170."