Gold rises by ₹1,178 to reach ₹96,286 per 10 grams: So far this year, gold has become costlier by ₹20,124. Silver is currently being sold at ₹96,481 per kilogram.

Today, April 29, both gold and silver prices saw an increase. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold rose by ₹1,178, reaching ₹96,286, up from ₹95,108.

Meanwhile, silver prices also edged up by ₹55, bringing the cost of 1 kilogram to ₹96,481, compared to the previous ₹96,426. Notably, gold hit an all-time high of ₹99,100 on April 21, while silver reached a record ₹1,00,934 per kg on March 28.

Gold Prices in 4 Metros and Bhopal (as of April 29):

• Delhi: ₹89,950 for 10g of 22-carat gold, ₹98,120 for 10g of 24-carat gold

• Mumbai: ₹89,800 (22K), ₹97,970 (24K)

• Kolkata: ₹89,800 (22K), ₹97,970 (24K)

• Chennai: ₹89,800 (22K), ₹97,970 (24K)

• Bhopal: ₹89,850 (22K), ₹98,020 (24K)

3 Reasons Behind the Rise in Gold Prices:

1. Global Economic Uncertainty:
   Rising trade tensions due to the U.S. tariff policy have increased fears of a global slowdown. As a result, people are turning to gold as a safe-haven investment during uncertain times.

2. Weakening Rupee:
   The rupee has depreciated nearly 4% this year against the U.S. dollar, making gold imports more expensive and driving up domestic prices.

3. Wedding Season Demand:
   The ongoing wedding season is boosting demand for gold jewellery, especially in cities like Mumbai, Delhi, and Chennai. Despite higher prices, buyers continue to see gold as both an investment and a symbol of prosperity.

Gold and Silver Price Growth in 2025 (So Far):

• Gold: The price of 10g 24K gold has surged by ₹20,124 since January 1, rising from ₹76,162 to ₹96,286.

• Silver: The price of silver has increased by ₹10,464 per kg this year, going from ₹86,017 to ₹96,481.

• For comparison, gold rose ₹12,810 throughout 2024.

Gold May Touch ₹1.10 Lakh by Year-End:

Due to rising trade war tensions between the U.S. and China and growing recession fears, gold could reach $3,700 per ounce internationally. Based on that rate, Indian gold prices could climb to ₹1.10 lakh per 10 grams, according to estimates by global investment bank Goldman Sachs.

Akshaya Tritiya on April 30:

Akshaya Tritiya, considered one of the most auspicious days to buy gold in India, will be celebrated on April 30 this year. Many people buy gold on this day with the belief that it brings prosperity and serves as a financial safeguard during tough times.