Gold continues its unstoppable upward march, breaking past the ₹97,000 mark per 10 grams in retail markets just ahead of the auspicious occasion of Akshaya Tritiya. Even though commodity exchanges like MCX remained closed on Friday, April 18, due to Good Friday, the retail market kept buzzing with activity—and price hikes.
As per market data, 24-carat gold is now priced as high as ₹97,750 per 10 grams at Tanishq, compared to ₹96,600 the previous day. 22-carat gold, typically used in jewellery, also saw a jump from ₹88,550 to ₹89,600 per 10 grams.
At other retail platforms like Candere, 24-carat gold is priced at ₹97,380, while 22-carat is available at ₹89,200. On Paytm, after including taxes, 1 gram of gold is being sold at ₹9,927.
Gold prices remain consistently high across major Indian cities:
Mumbai, Kolkata, Chennai: ₹97,320 (24K), ₹89,210 (22K) per 10g
Delhi: ₹97,470 (24K), ₹89,360 (22K) per 10g
Bengaluru, Hyderabad: ₹89,210 (22K) per 10g
Silver, too, has climbed sharply:
Delhi, Mumbai, Kolkata: ₹99,900 per kg
Chennai: ₹1,09,900 per kg
Internationally, gold has surged beyond the $3,300 per ounce mark, briefly hitting a record high of $3,357.40 during Thursday's session. The rally was driven by multiple factors:
Weakening of the US Dollar
Ongoing geopolitical tensions between the US and China
Global economic uncertainty ahead of a long holiday weekend
Although gold cooled slightly to $3,317.87 per ounce due to profit booking, it still ended the week with a 2% gain.
Akshaya Tritiya, falling on 10 May 2025, is traditionally considered an auspicious day to buy gold. With expectations of heavy demand, traders are already adjusting prices upwards. Limited supply, coupled with robust consumer interest and international market momentum, has created the perfect storm for a price rally.
As gold prices inch closer to the ₹1 lakh mark, consumers are facing tough decisions ahead of festive purchases. Whether you're a buyer or an investor, this surge underscores the importance of staying updated with market trends. And with the current pace, Akshaya Tritiya might just mark a new high in India's gold price history.
