Tue Apr 22 16:20:00 UTC 2025: ## Gold Prices Soar Past ₹1 Lakh Per 10 Grams in Delhi
**New Delhi, April 22** – Gold prices in Delhi hit a record high today, surpassing ₹1 lakh per 10 grams for the first time. The surge, driven by a confluence of global and domestic factors, saw 99.9% purity gold jump ₹1,800 to ₹1,01,600 per 10 grams, while 99.5% purity gold reached ₹1,02,100, up ₹2,800.
The price spike comes ahead of the auspicious Akshaya Tritiya festival and the ongoing wedding season, both periods of traditionally high gold demand in India. Experts attribute the surge to several factors, including escalating global economic uncertainty, particularly US-China trade tensions, and a weakening US dollar.
“Gold’s upward trend is due to a weakening US dollar and global trade concerns,” explained Satish Dondapati, Fund Manager at Kotak Mahindra AMC. He added that the short-term outlook remains positive if US-China tensions escalate.
The increased demand isn’t solely driven by global events. Colin Shah, MD of Kama Jewelry, highlighted the cultural significance of gold in India, stating that “Gold prices rise during festive seasons due to their cultural value. People buy gold on auspicious occasions.” The ongoing wedding season further fuels this domestic demand.
Looking ahead, analysts remain bullish. Mangesh Chauhan, MD of Sky Gold, predicts prices could reach ₹1,10,000 per 10 grams if the US dollar continues to weaken. Manav Modi, Senior Analyst at Motilal Oswal, forecasts gold reaching $3,600 per ounce by FY26, citing persistent global uncertainties.
However, investors are advised to proceed with caution. While short-term traders may profit from the current rally, Modi recommends a “buy on dips” strategy, anticipating prices to fluctuate between ₹96,500 and ₹1,00,000 per 10 grams before potentially climbing further. The volatile market presents both opportunities and risks, urging investors to carefully consider their investment strategies.
First Piper 