Gold Hits ₹98,360! Should You Buy Before It Crosses ₹1 Lakh
Gold Prices Rise Again: 24-Carat Now ₹98,360, Silver Crosses ₹1 Lakh Per Kg
The price of gold continued its upward journey on Tuesday, gaining ₹10 in early trade. Ten grams of 24-carat gold now sells at ₹98,360, according to the GoodReturns website. Silver prices also surged by ₹100, reaching a whopping ₹1,01,100 per kilogram.
Investors and households are keeping a close watch, as the yellow metal inches closer to the ₹1 lakh mark amid global economic uncertainty.
Current Gold Prices Across India
24-Carat Gold Prices (10 grams)
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Mumbai, Kolkata, Chennai: ₹98,360
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Delhi: ₹98,510
22-Carat Gold Prices (10 grams)
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Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata: ₹90,160
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Delhi: ₹90,310
Even a small ₹10 jump in prices reflects how sensitive the market is right now to global economic cues and investor sentiment.
Silver Surges to ₹1,01,100 per Kg
Silver isn’t far behind in the price rally. On Tuesday, silver prices increased by ₹100, now selling at ₹1,01,100 per kg in Mumbai, Delhi, and Kolkata.
However, Chennai stood out with a significantly higher silver price of ₹1,11,100 per kg, pointing to possible supply-demand variations or regional premiums.
Global Gold Rally: What’s Fueling the Surge?
1. Trump’s Fed Criticism Sparks Investor Anxiety
Global gold prices are also soaring, with spot gold hitting $3,443.79 per ounce—a record high. This comes after former US President Donald Trump criticized the Federal Reserve Chair, causing jitters across global markets.
This political uncertainty, combined with rising trade tensions, has led many investors to flock to gold as a safe-haven asset.
2. Economic Slowdown Fears
Concerns about a potential global economic slowdown are driving gold prices higher. When markets feel uncertain, people rush to secure their wealth in stable assets like gold.
Gold and Silver as Safe-Haven Assets
Gold is widely considered a hedge against inflation, currency devaluation, and financial instability. It has surged over 30% so far in 2025, with a major chunk of the rally coming in the past few weeks.
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Last week, gold crossed $3,300 per ounce.
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It added another $100 within days, showing extreme bullish momentum.
Similarly, spot silver rose 0.1% to $32.72 an ounce, keeping pace with gold’s upward trend. Other precious metals also gained:
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Platinum: Up 0.4% to $965.20
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Palladium: Up 1.3% to $939.60
Should You Invest in Gold Now?
With gold touching new highs in both domestic and global markets, the big question is: Is this the right time to invest?
Pros:
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Acts as a hedge during economic uncertainties
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High liquidity—easy to buy and sell
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Strong momentum suggests further gains
Cons:
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Prices are already near peak levels
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Potential short-term correction if geopolitical tensions ease
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Long-term gains may slow if interest rates rise globally
Experts suggest diversifying your portfolio and not going all-in on gold despite the ongoing rally.
Smart Investor Tips
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Track International Spot Prices: Domestic gold rates are closely tied to global prices and currency fluctuations.
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Watch the Rupee-Dollar Rate: A weak rupee makes imported gold costlier.
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Consider Sovereign Gold Bonds: Backed by the Government of India, these offer interest in addition to price appreciation.
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Invest Systematically: Instead of lump-sum, buy gold in small portions during dips.
Outlook for 2025
According to analysts, if current trends continue:
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24-carat gold could cross ₹1,00,000 per 10 grams within weeks.
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Silver may test ₹1,10,000 in more cities, especially if industrial demand rises.
Global investors are closely watching:
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US Fed policy shifts
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Inflation data
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Middle East and Russia-Ukraine tensions
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Stock market volatility
These factors could all fuel further gold and silver rallies.
The recent gains in gold and silver prices reflect a world increasingly unsure about economic stability. As tensions rise and stock markets remain volatile, gold and silver are shining brighter than ever. While experts caution against over-investing at these levels, many agree that precious metals will remain in strong demand throughout 2025.
