New Delhi: The gold price in India has reached a peak, surpassing the Rs 91,000 per 10 gm mark in the futures market for the first time ever, as FY26 begins on April 1, 2025. Analysts cite concerns over U.S. President Donald Trump’s retaliatory tariffs, which will begin on April 2, as the biggest factor fuelling the increase. We are being hit with these tariffs, and this is going to hurt the global economies, and investors are running towards the gold. Gold prices have surged more than 17% so far this year itself, having gained a whopping 40% in the last financial year. If this trend continues, analysts predict that gold prices will reach Rs 1 lakh by Diwali or the end of 2025.
Gold has been gaining strong momentum in India’s Multi Commodity Exchange (MCX). Prices went up Rs 359, to Rs 91,076 per 10 grams, as of 12:20 pm on April 1. Gold gained Rs 683 and touched a lifetime high of Rs 91,400 during the trading session. In the morning it opened at Rs 91,316. Gold prices have surged over Rs 3,400 in the last week and Rs 5,239 since last month. The price of silver is also on the rise. According to MCX data, silver prices have risen by more than Rs 500, reaching Rs 1,00,975 per kg in intraday trades. It opened the day at Rs 1.00,398. Compared to the last week, silver registered an about Rs 3,500 hike and over Rs 4,900 in the last month. Silver prices have increased by Rs 11,909 this year.
Gold and silver prices are volatile due to the impending U.S. tariff deadline that is clouding prospects for global growth. These uncertainties have led investors to flock toward safe-haven assets instead. According to Manoj Kumar Jain, director at Prithvi Finmart Commodity Research, the global stock market is pressured from tariff fears, while geopolitical tensions such as the Russia-Ukraine crisis and the U.S. threats toward Iran are amping up pressure in the Middle East. These factors are boosting gold’s appeal, lifting its prices higher as markets prepare for possible economic fallout.
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