Mon Apr 21 16:10:00 UTC 2025: ## Gold Prices Surge to Record High, Crossing ₹99,800 per 10 Grams

**New Delhi, April 21, 2025** – Gold prices in India have skyrocketed, reaching a new record high of ₹99,800 per 10 grams on Monday. This marks a significant jump of approximately ₹1,650 per 10 grams compared to Friday’s closing price. The surge pushes gold prices near the psychological barrier of ₹1 lakh per 10 grams, a figure considered unimaginable just months ago.

According to the All India Sarafa Association, 99.9% purity gold touched ₹99,800 per 10 grams, while 99.5% purity gold reached a new high of ₹99,300 per 10 grams. Silver also saw a considerable rise, increasing by ₹500 to ₹98,500 per kilogram.

This year alone, gold prices have increased by ₹20,850 per 10 grams (approximately 26.41%), representing a remarkable rise since December 31, 2024. Over the past decade, gold prices have shown a Compound Annual Growth Rate (CAGR) of approximately 15%, outperforming the Nifty index in terms of returns.

Market experts attribute this surge to several factors, including global economic uncertainty, a weakening US dollar, and the ongoing US-China trade war. The uncertainty surrounding trade tariffs and the threat of further economic instability are driving investors towards the safe haven of gold. Kotak Mahindra AMC fund manager Satish Dondapati highlights the significant price fluctuations in both gold and silver due to trade tensions, anticipated interest rate cuts, geopolitical uncertainties, and the weak dollar. JM Financial Services’ Pranav Mer points to gold’s price exceeding $3,400 per ounce, supported by uncertainties related to trade tariffs, a weaker US dollar, and increasing treasury yields. Kotak Securities’ Kaynat Chainwala adds that the US dollar is at a three-year low, further fueling demand for safe-haven assets.

The remarkable rise in gold prices signifies a significant investment opportunity, outpacing the returns of the stock market over the last ten years. While the Nifty index has doubled over the past decade, gold’s returns have exceeded 265%. Experts predict continued volatility in gold prices, contingent on global economic conditions.

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