Mumbai: On April 22, 2025, gold prices in India witnessed a sudden and sharp surge, with 24-carat gold touching a record Rs 1,01,350 per 10 grams in Mumbai — a hike of Rs 3,000 in a single day. The price of 22-carat gold also rose to Rs 92,900 per 10 grams. Meanwhile, silver prices in Mumbai crossed the Rs 1 lakh mark and reached Rs 1,01,000 per kilogram.
Why Gold Became Expensive
The surge in gold prices is attributed to global economic uncertainties and concerns over a possible recession in the US. Over the past few months, gold has steadily gained value, and Tuesday’s spike aligns with international market trends.
City-wise Gold Prices on April 22, 2025
Delhi:
22-carat gold – Rs 93,050 per 10 grams
24-carat gold – Rs 1,01,500 per 10 grams
Mumbai:
22-carat gold – Rs 92,900 per 10 grams
24-carat gold – Rs 1,01,350 per 10 grams
Chennai:
22-carat gold – Rs 92,900 per 10 grams
24-carat gold – Rs 1,01,350 per 10 grams
Kolkata:
22-carat gold – Rs 92,900 per 10 grams
24-carat gold – Rs 1,01,350 per 10 grams
Gold and Silver on MCX
On the Multi Commodity Exchange (MCX), gold futures for June 5, 2025, delivery rose by 1.84 per cent to Rs 99,065 per 10 grams. Silver futures for May 5 delivery increased by 0.66 per cent, reaching Rs 95,873 per kilogram.
Gold Price in the Global Market
On the COMEX, gold prices surged by 2.02 per cent, trading at USD 3,494.60 per ounce. Silver also saw an increase of 0.90 per cent, reaching USD 32.85 per ounce.
