Tue Apr 01 03:50:00 UTC 2025: ## Gold Prices Surge on First Day of New Financial Year
**Mumbai, April 1, 2025** – Gold prices soared in India today, marking the start of the new financial year (FY2025) with a significant increase. The precious metal saw a sharp rise of ₹900 per 10 grams compared to yesterday’s rates, driven by global economic uncertainty and increased demand.
In Delhi, 24-carat gold crossed ₹92,000 per 10 grams, while in Mumbai, it traded above ₹91,900. 22-carat gold prices also saw a substantial increase, trading above ₹84,000 per 10 grams in most major cities. For example, Delhi saw 22-carat gold at ₹84,410 and 24-carat at ₹92,070 per 10 grams. Mumbai reported 22-carat at ₹84,260 and 24-carat at ₹91,920.
Silver prices remained relatively stable at ₹103,900 per kilogram.
The surge in gold prices is attributed to rising global economic and political uncertainty, prompting investors to seek safe haven assets. Fluctuations in the US dollar, new US policies, and concerns about inflation are further contributing factors. Increased purchases by central banks worldwide are also driving up prices, pushing gold closer to record highs.
Domestically, gold prices are influenced by international market trends, government taxes, and rupee fluctuations. The demand for gold traditionally spikes during festivals and weddings, adding to the current price increase. This price jump comes on the same day the government announced a ₹45 reduction in LPG cylinder prices.
First Piper 