Soaring Demand and Global Trends Push Precious Metals to Record Highs in Domestic Bullion Market
New Delhi, April 2, 2025 – Business Desk – The Indian bullion market witnessed a sharp surge in precious metal prices today as both gold and silver hit record levels. 24K gold has now touched ₹93,000 per 10 grams in major cities for the first time, while silver is trading above ₹1.05 lakh per kg, marking one of the steepest rallies in recent times.
Gold Prices Touch New Highs Across Major Indian Cities
The price of 24-carat gold has jumped by ₹850 to ₹930 per 10 grams, driven by strong global cues and increased retail demand. In parallel, 22-carat gold is now trading above the ₹85,000 level in most urban centers.
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) |
|---|---|---|
| Delhi | ₹93,000 | ₹85,260 |
| Mumbai | ₹92,850 | ₹85,110 |
| Ahmedabad | ₹92,900 | ₹85,160 |
| Chennai | ₹92,850 | ₹85,110 |
| Kolkata | ₹92,850 | ₹85,110 |
| Lucknow | ₹93,000 | ₹85,260 |
| Patna | ₹92,900 | ₹85,160 |
| Jaipur | ₹93,000 | ₹85,260 |
| Bengaluru | ₹92,850 | ₹85,110 |
| Hyderabad | ₹92,850 | ₹85,110 |
| Bhubaneswar | ₹92,850 | ₹85,110 |
Silver Breaches ₹1.05 Lakh per Kilogram
Alongside gold, silver prices have also spiked, with the metal trading at ₹1,05,100 per kg in Delhi’s bullion market. This rally is attributed to increasing industrial demand, coupled with global market momentum.
Why Are Gold and Silver Prices Rising?
Several factors are contributing to this consistent uptrend in the bullion market:
-
Global economic uncertainties and potential geopolitical tensions
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Increased investor demand for safe-haven assets
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Strong buying during wedding and festival season in India
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Continued rupee volatility against the dollar
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Higher international gold spot prices amid U.S. rate cut expectations
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
