Gold Rate Today: Gold prices in the national capital rose by Rs 1,650 to an all -time high of Rs 98,100 per 10 grams on Wednesday 16 April 2025 amidst the global competition for safe investment due to increasing trade war between the US and China. According to the All India Bullion Association, the precious metal of 99.9% purity was closed at ₹ 96,450 per 10 grams on Tuesday, April 15, 2025. The price of gold with 99.5% purity also increased ₹ 1,650 to a new peak of ₹ 97,650 per 10 grams. While the previous closed price was ₹ 96,000 per 10 grams. Apart from this, the price of silver increased by ₹ 1,900 to ₹ 99,400 per kg. On Tuesday 15 April 2025, this white metal closed at ₹ 97,500 per kg.
Globally, gold reached a record level of $ 3,318 an ounce. Later it reduced some profit to $ 3,299.99 an ounce. Kayanat Chanwala, AVP of Commodity Research of Kotak Securities, said, “Gold reached a record high due to increasing concerns of trade war after the US government tightened export rules for China.” President Donald Trump has announced an investigation into whether tariffs are required on important minerals. Due to which the worry in the market has increased further. On Wednesday 16 April 2025, the US administration increased the tariff to 245% on most of the goods coming from China. Gold prices reached a record high due to Chintan Mehta, Chief Executive Officer of Abans Financial Services, Falling below the US Dollar Index. Which is close to a three -year low. He said that the boom in gold is inspired by the rising expectations of cutting a possible interest rate. Read this: Two wives victims of husband's glory, brought third marriage and burnt to death
