Gold Prices Approaching Record Highs

Gold prices in India are on fire, bhai! They’re inching closer to historic highs, and experts are saying we might soon see them cross ₹1 lakh per 10 grams.  

As of today, April 4, 2025, 10 grams of 24-karat gold (99.9% pure) in Ahmedabad costs ₹92,895.00. That’s a big jump, and it’s got everyone talking. But what’s driving this gold price boom? Let’s break it down in simple terms for all you gold lovers out there. 

Gold Prices in India’s 10 Metro Cities Today (April 4, 2025) 

Note that prices can fluctuate daily, so these are approximate figures reflecting the market as of now. 

1. Delhi: Gold Price: ₹93,050 per 10 grams 
2.  Mumbai: Gold Price: ₹92,920 per 10 grams
3. Kolkata: Gold Price: ₹92,900 per 10 grams 
4. Chennai: Gold Price: ₹93,100 per 10 grams 
5. Bengaluru: Gold Price: ₹92,950 per 10 grams 
6. Hyderabad: Gold Price: ₹92,970 per 10 grams
7. Ahmedabad: Gold Price: ₹92,895 per 10 grams
8. Pune: Gold Price: ₹92,930 per 10 grams
9. Jaipur: Gold Price: ₹93,020 per 10 grams 
10. Lucknow: Gold Price: ₹93,000 per 10 grams

Why Are Gold Prices Skyrocketing? 

The world’s economy is acting like a rollercoaster right now, and that’s making gold the ultimate safe bet. With global uncertainties-think wars, trade fights, and shaky markets-people are rushing to buy gold.  

Plus, the recent tariffs announced by the US under President Trump are shaking things up. These tariffs, like the 10% extra tax on imports, are pushing prices higher worldwide, and India’s gold market is feeling the heat too. 

Read more: Trump Tariffs: US Imposes 26% on Indian Imports 

Here at home, our love for gold isn’t new. Weddings, Diwali, and even Akshaya Tritiya keep the demand high. When demand goes up, prices follow suit-simple demand-supply ka funda! The Indian rupee’s value against the US dollar also plays a role. If the rupee weakens, gold gets costlier since we import most of it. 

Economic Uncertainties and Gold’s Shine 

Economic uncertainties are like dark clouds, and gold is the silver lining (or should we say golden lining?). When stock markets wobble or inflation rises, people ditch risky investments and park their money in gold.  

Experts at the World Gold Council say this safe-haven demand is a big reason for the price surge. Add to that the Reserve Bank of India buying gold to strengthen its reserves, and you’ve got a perfect storm pushing gold prices up. 

Tariffs Ka Tamasha 

Trump’s new tariffs are the real game-changer. A report from News18 says these taxes on imports are making gold pricier globally. For India, which imports tons of gold, this means higher costs. Jewelers are worried, but investors are smiling-gold’s value is soaring, making it a solid investment option. 

Key Takeaways 

• Gold prices are nearing ₹1 lakh per 10 grams, with 24-karat gold at ₹92,895 in Ahmedabad today. 

• Global economic uncertainties and US tariffs are driving this rally. 

• India’s festive demand and a weaker rupee are adding fuel to the fire. 

So, should you buy gold now or wait? It’s a tough call, but one thing’s clear-gold’s shining brighter than ever. Drop your thoughts in the comments, share this with your gold-obsessed buddies, and let’s keep the conversation going! 

Disclaimer