Mon May 12 04:40:00 UTC 2025: ## Gold Prices Surge Amidst Indo-Pak Tensions

**Mumbai, India – May 10, 2025** – Gold prices in India have experienced a significant jump this week, rising by approximately ₹4,000 per 10 grams. This surge is directly attributed to escalating tensions between India and Pakistan. The increase follows a period of declining gold prices.

The Multi Commodity Exchange (MCX) saw the price of 999 purity gold futures (with a June 5th expiry) climb from ₹92,637 per 10 grams on May 2nd to ₹96,535 per 10 grams on May 9th – a ₹3,898 increase.

Similarly, the domestic market, according to the Indian Bullion Jewellers Association (IBJA), reflects this upward trend. The price of 24-karat gold rose from ₹93,954 per 10 grams on May 2nd to ₹96,420 per 10 grams on May 9th, a ₹2,466 increase. This surge follows India’s response to a recent terrorist attack in Pahalgam.

The IBJA provides daily gold and silver prices, excluding taxes and making charges. These prices are nationally applicable, although final costs for jewelry will include GST and making charges. The purity of gold is indicated by hallmarks (e.g., 999 for 24-karat, 916 for 22-karat). The price of gold jewelry varies across India due to differing state taxes, making charges, and excise duties.

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