Gold Rate Today: Prices Hit ₹1 Lakh Per 10g in India Ahead of Akshaya Tritiya 2025
Gold prices in India soared to historic highs on April 23, with 24K rates crossing ₹1 lakh per 10 grams in major cities. Demand spikes ahead of Akshaya Tritiya are driving the surge.
Key Highlights:
Gold rate today in India has reached record-breaking levels, with the price of 24K gold crossing ₹1 lakh per 10 grams in multiple metropolitan cities. As of April 23, 2025, the precious metal has become significantly more expensive, fueled by rising global uncertainty and festive-season demand ahead of Akshaya Tritiya.
According to market data, both 22K and 24K gold witnessed steep hikes compared to the previous week.
Gold Rate Today City-Wise on April 23, 2025 (Per 10 Grams)
| City | 22K Gold Price | 24K Gold Price |
|---|---|---|
| Delhi | ₹93,050 | ₹1,01,500 |
| Mumbai | ₹92,900 | ₹1,01,350 |
| Kolkata | ₹92,900 | ₹1,01,350 |
| Chennai | ₹92,900 | ₹1,01,350 |
| Bengaluru | ₹92,900 | ₹1,01,350 |
| Hyderabad | ₹92,900 | ₹1,01,350 |
Note: Rates may vary slightly based on local jewellers, taxes, and making charges.
Why Gold Prices Are Rising
- 📈 Global Economic Uncertainty: Ongoing tensions between major economies and rising inflation fears have led investors to flock to gold as a safe-haven asset.
- 💵 Weakening Dollar Index: A decline in the US dollar has made gold more attractive globally, pushing prices higher.
- 🛍️ Akshaya Tritiya 2025 Demand: Traditionally an auspicious time for gold purchases in India, the upcoming festival has created a surge in retail demand.
- 📊 Increased ETF Inflows: Investors are also boosting exposure to gold via exchange-traded funds, raising spot and futures prices.
What This Means for Buyers and Investors
Gold’s historic rise could alter purchase decisions, especially for those planning jewellery buys this week. Analysts say the spike could be temporary and driven more by sentiment than fundamentals.
💡 Tips for Buyers:
- Purchase in smaller quantities to average out prices.
- Consider sovereign gold bonds or digital gold if avoiding physical investment.
- Check for hallmark certification and reliable billing.
🧾 Tips for Investors:
- Keep gold exposure at 10–15% of the portfolio for hedging.
- Avoid emotional buying during peak seasons.
- Monitor global trends and geopolitical risks before large allocations.
How to Take Action
- 🛒 Consumers planning Akshaya Tritiya purchases should book early before further hikes.
- 📊 Investors should review allocations to gold and consider profit booking if overexposed.
- 🔍 Compare gold rates across jewellers and online platforms to get the best value.
Who Will Be Affected
- 👩👩👧 Families planning festive jewellery buys may delay or reduce purchases.
- 📈 Retail investors in gold will benefit from rising valuations.
- 🛍️ Jewellery stores may see a short-term boom, but high prices may dampen long-term demand.
- 🏦 Banks offering Sovereign Gold Bonds may see more traction.
Gold Prices Cross ₹1 Lakh – A Symbol of Faith, Investment, and Economic Uncertainty
The gold rate today is more than just a number—it reflects global sentiment, local demand, and shifting financial dynamics. As the country approaches Akshaya Tritiya 2025, the yellow metal remains a symbol of wealth and security, but also of rising caution in a volatile world.
Whether you’re buying for tradition or investing for protection, now may be a time to act wisely, not emotionally.
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