Gold price today news: Gold prices are seen increasing the wedding season and Akshaya Tritiya Muhurta. Gold prices in Delhi’s retail market reached a historic high level of Rs 1 lakh per 10 grams for the first time on Tuesday. According to the India Bullion and Jewelers Association, the price of 24 carat gold reached Rs 1 lakh per 10 grams today. The price of this gold on Monday was 100 rupees. 96,670. Today (22 April), 24 carat gold became expensive by Rs 3,330 per 10 grams on the same day. At the same time, the price of silver reached Rs 95,900 per kg today.
Meanwhile, gold futures rose by Rs 1,899 to Rs 99,178 per 10 grams due to the demand for safe investment on Tuesday. In addition, the October contract on MCX crossed the level of Rs 1 lakh for the first time, which rose by Rs 2,000 or two percent to a record high level of Rs 1,00,484 per 10 grams.
What are the reasons for increase in gold prices?
1. Gold prices increased amidst a period of global uncertainty, which is due to the increase in tension between President Donald Trump and the US Federal Reserve over interest rate cuts and trade war between the US and China. Currently the economies of major countries like America, China, Germany and Japan are slowing down. This can create a possibility of recession in the world.
2. The dollar index has reached a low -lying level of many years, increasing the demand for gold in the form of safe investment. Let us tell you that the price of gold often increases when the dollar is weak. Since the price of gold is fixed in dollars, it is cheaper for holders of strong foreign currencies. Gold prices on Comex on Tuesday were close to $ 3,395 per troy ounce.
3. One reason for the increase in gold prices is purchases made by central banks. As part of the preparation to deal with the financial crisis, central banks around the world have bought more than 1,000 tonnes of gold in the last three years. According to Tata AMC report, gold demands are mainly coming from emerging markets such as China, India and Turkey, which are lower than other major developed economies such as America, Germany and France. According to the report, the central bank is expected to buy an average of 100 tonnes of gold per month in 2025. The report said that central banks have increased their gold procurement in view of increasing geopolitical stress.
4. Gold is a safe investment due to rising gold prices. In fact, in the midst of the increasing apprehension of the recession, the slow growth and the stress of the ongoing trade war, investors are looking for safe assets such as gold.
5. According to a report, gold is becoming popular among ETF investors. According to UBS estimates, the investment in 2025 will reach 450 MT, as institutional and retail investors are looking for alternative and more stable assets.
Should you buy gold?
Industry analysts say gold prices may remain unstable, but will remain stable in the short term. If you want to invest, most analysts recommend avoiding short selling at these levels. So far in 2025, the price of gold has increased by 26% or more than Rs 20,800 per 10 grams. Although there are difficult situations for the stunnings, analysts say it is intelligent to move carefully. If you want to invest now, consider it to do it in small installments or with a decrease. Analysts believe that gold prices will also see a decline in the coming times. If issues related to economic uncertainty, such as trade war and geopolitical tension, are resolved, a sudden decline in gold prices may be seen. In this scenario, the price of gold can fall from $ 2,850 to $ 2,700 an ounce.
What do analysts think?
Rahul Kal Minister, vice-president of Commodities, Mehta Equality Limited, said, “Gold prices in the international market crossed $ 3,500 an ounce for the first time due to uncertainty in global financial markets and the rise of the US-China trade war and crossed the level of Rs 97,000 in the domestic market.” Jatin Trivedi, vice president of LKP Securities, said Jatin Trivedi said, “Gold prices continued to rise with strong purchases at the beginning of the new week.” “Tension over the growing tariffs, concerns about the US economy and the rally in the US are getting support from the rally. The continuous purchase from China, global central banks and institutional investors has further increased this pace.”
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