Gold Prices Today Hits Historic Rs.1 Lakh; India Gold Rates Shatters all RECORD: Check 24K, 22K,18K Rates

The gold rate in India on April 22 has hit a historic high, with 24 carat gold prices jumping by a massive Rs.30,000 per 100 grams to touch Rs.1,01,350, a new all-time record. This is the first time in India's history that gold prices have surged past the Rs.1 lakh mark, which is a major milestone in the bullion market. The spot gold prices in the international market are also undergoing an unstoppable rally, where rates crossed USD 3,400 per ounce on Monday.

The surge in gold prices in India is due to multiple global factors. The US dollar index fell to a three-year low at 98.09 after U.S. President Donald Trump escalated his criticism of the Federal Reserve chair and its monetary policy, creating uncertainty in global financial markets. Furthermore, tariff tensions and the ongoing uncertainty around US-China trade negotiations are also pushing investors towards the yellow metal. Experts predict both gold and silver prices in India are expected to remain bullish in the near term.

Gold Rate In India Today

On 22nd April, the 24-carat gold rates in India jumped to a record high after rising Rs 3000 per 10 grams to cost Rs 1,01,350, while the 22-carat gold rate surged Rs 2,750 per 10 grams to retail at Rs 92,900. Meanwhile, the 18-carat gold rates in India also soared massively by Rs. 2,250, currently at Rs. 76,010 per 10 grams.

100 grams of 22-carat gold jumped remarkably. By Rs. 30,000, bringing the prices to Rs. 1,01,350. In a similar manner, the 24-carat gold per 100 grams surged to Rs 27,500 to retail at Rs 9,29,000. Lastly, 18-carat gold rates rose to Rs. 22,500 per 100 grams, costing Rs. 7,60,100.

Silver Rates in India On April 22nd

Despite a massive jump in gold prices, silver rates in India today maintained stability and mirrored the 24 carat gold rate. Both the 24 carat gold rate and 1 kg of silver are above Rs. 1,00,000. Currently, 1 kg of silver costs Rs. 1,01,000 while 100 grams of silver costs Rs. 10,100.

Gold Price and Silver Price on the Multi Commodity Exchange

On the Multi Commodity Exchange (MCX), gold futures slated to mature on June 5, 2025, also experienced a huge surge today, trading at Rs. 98,955, after jumping 1.72%. Similarly, silver futures, with an expiry date of May 5, 2025, increased during the trading session. Prices spiked by 0.63% to Rs 95,844.

A commodity report from ICICI Direct says, "MCX Gold June is expected to move towards Rs. 98,500 as long as it trades above the Rs. 96,400 level.

MCX Silver May is expected to consolidate in the band of the ₹94,000 and ₹96,600 level. A move above ₹96,600 would open the doors towards ₹98,400."

Spot Gold Rate and Spot Silver Prices Today

Spot gold prices jumped over 2.5 % to hit a record high at $3430 per ounce amid safe-haven buying and a weaker dollar.

According to Reuters, "Spot gold was up 1.4% at $3,472.49 an ounce, as of 0247 GMT, after touching a record high of $3,473.03 per ounce earlier in the session. U.S. gold futures firmed 1.7% to $3,482.40. Meanwhile, spot silver fell 0.4% to $32.57 an ounce."

What's Next Gold Prices?

"Gold is expected to trade higher amid safe-haven buying and weakness in the dollar. US President Donald Trump's push to lower interest rates could fuel more caution in international markets and increase the flow to safe-haven asset classes. Moreover, uncertainty over a clear timeline for US-China trade negotiations continues to bring volatility in price. At the same time, tariff threats, including a new probe into critical mineral imports, have added to worries about slower growth and rising inflation, which could push demand for the safe-haven asset gold. On the data front, unwinding of the call base at 3400 and 3450 strikes indicates more upside. Immediate support holds near $3375, and on the upside, $3470 would act as resistance." According to the ICICI Direct Research Report.

Gold price Target By Experts

As per Nirmal Bang Securities, "Gold prices in India are expected to rise. One can buy at 97700 with a stop loss of 97400 for the target at 98100-98400."

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.