Tue Apr 22 10:00:00 UTC 2025: ## Gold Prices Hit Record High, Surpassing ₹1 Lakh Per 10 Grams

**Mumbai, India** – Gold prices in India have reached an unprecedented high, surpassing ₹100,000 per 10 grams on Tuesday. The surge, fueled by escalating trade tensions and a weakening dollar, marks a significant milestone for the precious metal.

Trading on the Multi Commodity Exchange (MCX) opened with a sharp increase, pushing gold prices above ₹99,000. Including Goods and Services Tax (GST) and making charges, the price of 10 grams of 24-carat gold in the domestic market exceeded ₹100,000. Internationally, gold reached a record high of $3,475 per ounce, with experts predicting a potential rise to $4,500.

The dramatic price increase is largely attributed to the ongoing trade war, initially sparked by former US President Donald Trump’s tariffs. This has created uncertainty in global markets, driving investors towards the safe haven of gold. The decline in the dollar index to a three-year low of 97.92 further contributed to the surge.

Over the past five years, gold prices have nearly doubled. In 2020, 10 grams of gold cost ₹50,151; it crossed ₹60,000 in March 2023, ₹70,000 in April 2024, and now surpasses ₹100,000. This year alone, gold has yielded a 32% return.

The increased demand for gold as a safe haven asset during times of economic uncertainty is a key factor in its price escalation. Gold’s resilience against inflation and market volatility makes it an attractive investment option during periods of economic instability.

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