Tue Apr 22 10:50:00 UTC 2025: ## Gold Prices Soar Past ₹1 Lakh Per 10 Grams in Delhi

**New Delhi, April 22** – Gold prices in Delhi surged past the ₹1 lakh mark per 10 grams today, reaching ₹1,01,600 for 24-karat gold (99.9% purity) and ₹1,02,100 for 22-karat gold (99.5% purity). This significant jump, attributed to a combination of global economic uncertainty and heightened domestic demand, represents an increase of ₹1,800 and ₹2,800 respectively compared to the previous day’s prices.

The spike comes ahead of the auspicious Akshaya Tritiya festival and the ongoing wedding season, both traditionally periods of strong gold demand in India. Experts cite several factors driving the price increase. Global geopolitical tensions, particularly US-China trade concerns, and a weakening US dollar are bolstering safe-haven investment in gold. Fund Manager at Kotak Mahindra AMC, Satish Dondapati, noted that the short-term outlook for gold remains positive if these global tensions escalate.

Colin Shah, MD of Kama Jewelry, highlighted the cultural significance of gold in India, explaining the increased demand during festivals and wedding seasons. This domestic demand is further supporting the price surge.

Looking ahead, experts remain bullish on gold’s performance. Mangesh Chauhan, MD of Sky Gold, predicts prices could reach ₹1,10,000 per 10 grams if the US dollar weakens further. Manav Modi, Senior Analyst at Motilal Oswal, forecasts gold to hit $3,600 per ounce by fiscal year 2026.

However, investors are advised to approach the market cautiously. While short-term traders may capitalize on the current rally, Modi suggests that cautious investors should consider buying on dips, anticipating a price range of ₹96,500 to ₹1,00,000 per 10 grams before a potential further increase.

Read More