Gold Hits All-Time High at Rs 93,353 per 10g, Silver Also Surges
Pune, 12th April 2025: Gold prices in India touched a new all-time high on Friday, April 11, amid rising global uncertainties and strong domestic demand. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold rose by ₹3,192 to reach ₹93,353 — up from the previous rate of ₹90,161.
Silver prices also witnessed a sharp jump. One kilogram of silver rose by ₹2,260 to ₹92,929, compared to ₹90,669 a day earlier. Despite this rise, silver remains below its recent peak of ₹1,00,934 recorded on March 28. Gold, too, had hit a high of ₹91,205 on April 3 before Friday’s surge broke the record.
What’s Driving the Spike?
Analysts and bullion traders point to a combination of international and domestic factors driving the surge in precious metal prices.
Global Economic Uncertainty:
Fears of a global slowdown and the potential for a trade war triggered by the United States’ tariff policy have prompted investors to turn to gold as a safe-haven asset. “Whenever there’s risk of recession or geopolitical instability, people flock to gold,” said a Pune-based bullion dealer.
Rupee Depreciation:
The weakening of the Indian rupee, which has fallen nearly 4% this year against the US dollar, has pushed up import costs for gold, further fuelling price rises.
Wedding Season Demand:
With the traditional wedding season approaching, demand for gold jewellery remains strong despite soaring prices. Jewellers in key markets like Delhi, Mumbai, Chennai, and Kolkata reported continued sales as gold remains a symbol of prosperity and investment.
Gold Prices in Major Cities
As of April 11, the price of 10 grams of 24-carat gold was:
Delhi: ₹95,555
Mumbai: ₹95,400
Kolkata: ₹95,400
Chennai: ₹95,400
Pune: ₹95,410
Gold Price Up ₹17,191 in 2025 So Far
Since January 1, 2025, the price of 24-carat gold has risen from ₹76,162 to ₹93,353 — a jump of ₹17,191 or approximately 22.57%. Silver has also gained around 8%, rising from ₹86,017 to ₹92,929 per kg. In comparison, gold became costlier by ₹12,810 during the entire year of 2024.
Tips for Buying Gold Safely
As prices surge, consumers are advised to exercise caution while purchasing gold:
Insist on Hallmarked Gold
Always buy BIS-certified gold with a 6-digit Hallmark Unique Identification Number (HUID), such as AZ4524, which verifies the carat purity.
Cross-Verify Rates
Before buying, compare the day’s prices from multiple trusted sources, including the IBJA website. Prices vary based on purity — 24-carat is purest but too soft for jewellery.
Avoid Cash, Always Take a Bill
Prefer digital payments over cash and always collect a proper invoice. For online orders, inspect the packaging and certification thoroughly upon delivery.
As gold prices reach record highs, both investors and consumers are urged to be vigilant and well-informed while making purchases.
