Gold prices have crossed ₹1 lakh for 10 grams in Delhi on April 22. The precious metal surged amid rising demand and global economic uncertainty. Gold of 99.9% purity climbed ₹1,800 to ₹1,01,600 per 10 grams. Gold of 99.5% purity rose ₹2,800 to ₹1,02,100 per 10 grams. The spike comes ahead of Akshaya Tritiya and the wedding season.
1 / 4What’s driving the surge? The price rise is driven by multiple factors. Global uncertainties, including US-China trade tensions, have increased safe-haven buying. Satish Dondapati, Fund Manager at Kotak Mahindra AMC, said, “Gold’s upward trend is due to a weakening Us dollar and global trade concerns.” He added, “The short-term outlook remains strong if tensions between the US and China escalate.”
2 / 4Domestic festive demand plays a role | Festivals like Akshaya Tritiya boost gold demand in India. Colin Shah, MD of Kama Jewelry, explained, “Gold prices rise during festive seasons due to cultural value. People buy gold on auspicious occasions.” The ongoing wedding season will keep demand high, supporting gold prices in the short term.
3 / 4What’s next for gold? Experts remain optimistic about gold’s future. Mangesh Chauhan, MD of Sky Gold, predicted that gold could reach ₹1,10,000 per 10 grams if the US dollar weakens further. Manav Modi, Senior Analyst at Motilal Oswal, expects gold to hit $3,600 per ounce by FY26. He added, “Gold could continue rising as global uncertainties persist.”
4 / 4Investment outlook | For investors, gold presents both opportunities and risks. Short-term traders may continue to benefit from the rally. However, cautious investors might wait for a dip. Modi recommends “buying on dips” and expects gold to stay between ₹96,500 and ₹1,00,000 per 10 grams before possibly rising higher.
