Gold prices cross ₹1 Lakh per 10 grams for first time in India

On Tuesday, India witnessed a historic financial milestone as gold prices crossed ₹1 lakh per 10 grams for the first time. This sharp rise comes during the peak of the wedding season, leaving many buyers anxious and delaying purchases in hopes of a price correction. Currently, 22-carat gold is priced at ₹92,900 per 10 grams, while 24-carat gold stands at ₹1,01,350.

The sudden surge has been steep—just ten days ago, on April 8, the same was available for ₹82,250 and ₹89,730 respectively, indicating a jump of nearly 13% in under two weeks. Several factors are contributing to this gold rally, including global trade tensions, a weakening US dollar, and rising geopolitical uncertainty. These conditions have driven investors toward gold, traditionally seen as a safe-haven asset during economic instability.

Since January 2025, the rise has been consistent. At the start of the year, 22-carat gold was priced at ₹71,500, and 24-carat at ₹78,000. Within four months, gold prices have appreciated by over ₹23,000 per 10 grams, delivering an exceptional return of 29% to those who invested early.

Despite being a peak buying season, jewellers report a decline in footfall. Hussain, a resident of Bahadurpura, shared that he has postponed shopping for gold for upcoming family weddings, hoping the rates will dip soon. Similarly, Jameel Khan from Attapur said he plans to wait a few months before making any purchases.

Jewellers and financial analysts alike remain divided on what lies ahead. While some anticipate a small correction, others believe global uncertainties will keep gold prices elevated in the near term. Until then, the yellow metal’s historic rise is being watched closely by both investors and consumers.