Gold prices in India today witnessed the biggest jump at the start of the week, creating a new record of reaching an all time high on the occasion of Eid 2025. Over the past week, gold has been on a bullish trend as the financial year comes to an end, driving a surge in gold rates in India. The demand for gold has jumped on Eid, due to which gold prices are surging massively.
On the international front, gold prices have soared to USD 3,100 for the very first time in history amid growing fears of a global trade war, as the U.S. tariff changes are set to take effect this week. The uncertainty has pushed investors toward safe-haven assets. While the market remains bullish, experts anticipate a price correction once investors begin profit booking. Until then, gold prices are expected to stay elevated.
Gold Rate In India Today
On 31st March, 24-carat gold rates in India jumped by Rs. 710 per 10 grams to cost Rs. 91,910. While the 22 carat gold price stands at Rs. 84,250 per 10 grams after a rise of Rs. 650 The cheaper variant, 18 carat gold, spiked by Rs. 540 to retail at Rs. 68,940 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. 9,19,100, and the 22 carat gold rates per 100 grams now cost Rs. 8,42,500.
Silver prices in India today
Silver rates in India today are stable with no upward movement in prices for two consecutive days. 1 kg of silver in India costs Rs. 1,04,000. While 100g of silver rates in India retails at Rs. 10,400.
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.
The gold market in Bangalore is witnessing similar trends. As of today, the 22-carat gold rate in Bangalore is ₹84,250 per 10 grams, whereas the 24-carat gold rate in Bangalore is ₹91,910 per 10 grams.
MCX Gold and Silver Futures Prices Today
Since trading on MCX is closed today on the account of EID 2025 , no changes can be seen. So at the end of Friday's trading, gold futures prices on the MCX, which are going to mature on April 4, 2025, jumped remarkably and closed at Rs. 88,850 with 0.05% gains. Similarly, silver futures prices set to mature on May 5, 2025, closed in the green zone at Rs. 1,00,480 after rising by 0.02%.
Spot Gold Price and Spot Silver Rate
According to a Reuters report, gold prices today soared past the $3,100 per ounce mark, reaching an all-time high as investors flocked to the safe-haven asset amid escalating global economic tensions.
As of 04:44 GMT, the spot gold price climbed 0.9% to $3,110.81 per ounce, after hitting a fresh record high of $3,115.79 earlier in the session. Meanwhile, the U.S. dollar index eased 0.2%, further supporting the upward momentum in gold prices.
The report further stated that, in addition to gold, silver prices today also witnessed gains, with the spot silver price rising 0.7% to $34.35 per ounce. Given gold's reputation as a hedge against inflation, economic uncertainty, and geopolitical risks, the yellow metal has now gained more than 18% in 2025.
Gold Prices Target and Outlook This Week
As per Way To Wealth Brokers Pvt Ltd, "Gold surged past $3,056 per ounce, hitting a record high of $3,059, driven by trade tensions and equity market declines following new U.S. auto tariffs. Central bank buying and ETF demand bolstered prices. Investors are awaiting U.S. PCE data for clues on interest rates, with Goldman Sachs forecasting $3,300 per ounce by 2025. Technically, MCX Gold appears to be in a strong uptrend on the daily timeframe. It formed a small but healthy/bullish candlestick in yesterday's trading session, indicating a continuation of the trend in the upcoming trading session. Support is placed at 87,780 on the daily timeframe and 88,110 on the 1-hour timeframe. Resistance is now at 89,800 on the higher side. One can buy gold with a stop loss of 88,110 on a 1-hour closing basis, targeting 89,700/89,800."
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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