Gold hits Rs 99,800, silver crosses Rs 1 lakh in Delhi
Gold prices in the national capital have reached Rs 99,800 per 10 grams. The price of silver has also crossed ₹1,00,000 per kg. Gold and silver prices have seen a significant increase due to a weak dollar and trade tensions.
New Delhi: On Monday, gold prices neared the Rs 1 lakh per 10 gram mark due to increased demand driven by a weak dollar and uncertainties surrounding the US-China trade war. The All India Sarafa Association reported that gold of 99.9 percent purity reached Rs 99,800 per 10 grams. On Friday, the precious metal had dropped by Rs 20 to Rs 98,150 per 10 grams. In the local market, gold of 99.5 percent purity surged by Rs 1,600, reaching a new high of Rs 99,300 per 10 grams. As of today, April 22, 2025, gold has reached Rs 99,800 per 10 grams in Delhi.
Silver crosses Rs 1 lakh mark
In the previous trade, the precious metal had closed marginally lower at Rs 97,700 per 10 gram. Since December 31 last year, gold prices have risen by Rs 20,850, or 26.41 per cent, per 10 gram. Silver has also climbed to more than Rs 1 lakh. In the previous trade, silver had closed flat at Rs 98,000 per kg. "This year, gold and silver prices have seen significant volatility due to trade tensions, expectations of interest rate cuts, geopolitical uncertainties and a weak dollar.
Gold in international markets
So far, gold has gained over 25 per cent, including 6 per cent since the US administration announced tariffs on April 2. At the Multi Commodity Exchange, gold futures for June delivery rose by Rs 1/621, or 1.7 per cent, to a new high of Rs 96,875 per 10 gram. Spot gold reached a new peak of $ 3,397.18 an ounce in the international markets. Later, it lost some gains and traded at $3,393.49 an ounce.