On Tuesday, April 15, 2025, gold prices exhibited notable volatility in the Indian market, reflecting a complex mix of global trade tensions and domestic demand trends. While the price of gold surged to record highs in some regions, it also saw slight declines in others, showcasing the delicate balance of factors influencing its value.
In Delhi’s Sarafa market, the price of 24-carat gold reached an all-time high of ₹96,450 per 10 grams, marking a ₹50 increase from the previous day. This uptick placed gold at its highest price point on record. Silver also saw a substantial rise, with prices climbing by ₹2,500 to ₹97,500 per kilogram. The increase in silver prices is largely attributed to heightened industrial demand, a trend that has remained consistent in recent market conditions.
In Mumbai, a similar trend emerged, with 22-carat gold trading at ₹87,540 and 24-carat gold priced at ₹95,500 per 10 grams. These prices were confirmed by the All India Sarafa Association, indicating a broader rise across major cities. However, the market remains sensitive to external economic factors, particularly the ongoing trade tensions between the United States and China. These tensions have created considerable uncertainty, prompting many investors to seek the stability offered by precious metals like gold.
Experts have noted that the fluctuations in gold prices are closely tied to the performance of the U.S. dollar and the implications of U.S. trade policies. Chintan Mehta, CEO of Abans Financial Services, pointed out that the weakening dollar and the uncertainty surrounding American trade policies have kept gold prices stable at elevated levels. Investors are particularly keen on insights from the U.S. Federal Reserve, with a press conference from Fed Chairman Jerome Powell scheduled for April 16, 2025. The market is eager to hear any indications regarding the central bank’s response to the escalating trade tensions and broader economic conditions.
While gold prices in most regions have risen, some markets have experienced slight declines. On April 15, for instance, gold prices in certain areas dropped by up to ₹350 per 10 grams, with prices in some locations hovering around ₹95,000 per 10 grams. This price variation underscores the localized nature of the gold market, where both regional demand and international market conditions play a pivotal role in determining prices.
Gold pricing is also influenced by cultural and seasonal demand, particularly during India’s wedding season. Gold jewelry is a staple in many Indian weddings, and this seasonal surge in demand often drives up gold prices during this time. As families prepare for weddings, the increase in gold purchases further complicates the pricing landscape, contributing to both upward and downward price movements.
In terms of purity, the Indian gold market offers a variety of options. The most commonly traded gold is 22-carat, which contains approximately 91.67% pure gold, while 24-carat gold, considered pure gold, contains 99.9% purity. Consumers are advised to ensure the authenticity of their purchases by looking for hallmark certifications.
On April 15, 2025, silver prices also saw significant activity, with the cost of silver with 999 purity recorded at ₹94,863 per kilogram nationally. This price increase mirrors trends observed in gold, driven by both industrial demand and investor sentiment.
Looking ahead, analysts have suggested a wide range of potential price movements for gold. If current trends continue and trade tensions ease, prices could decline to around ₹75,000 per 10 grams within the next six months. On the other hand, if global trade issues persist and tariffs remain a point of contention, gold prices could surge as high as ₹1,38,000 per 10 grams, reflecting the ongoing volatility in the market.
The fluctuations in both gold and silver prices reflect the broader economic climate marked by uncertainty. The combination of geopolitical tensions, shifting economic policies, and fluctuating currencies has led investors to increasingly view precious metals as safe-haven assets. This growing preference for gold and silver as reliable stores of value is further underlined by the metals’ growing popularity not only as jewelry but also as crucial components in investment portfolios.
As of April 16, 2025, regional gold prices continued to vary, with Bhopal reporting 22-carat gold at ₹8,800 per gram and 24-carat gold at ₹9,240 per gram. In Indore, prices were slightly higher, with 22-carat gold trading at ₹88,000 per 10 grams and 24-carat gold at ₹92,400 per 10 grams. Silver prices in Bhopal have also surged, with the metal reaching ₹1,10,000 per kilogram.
The precious metals market remains a focal point for investors and consumers alike, influenced by both local and global economic conditions. As the situation evolves, stakeholders in the market will need to stay attuned to both domestic demand trends and international developments, as these factors continue to shape the price dynamics of gold and silver in India and worldwide.
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