Gold Price Nears Rs. 1 Lakh per Tola: Fresh All-Time Highs for Gold and Silver!
Updated on April 16, 2025
Gold prices are skyrocketing, setting new all-time highs day by day. On Wednesday, the price of gold surged once again, nearing Rs. 1 lakh per tola. The ongoing trade war between the United States and China is intensifying, contributing to a global spike in demand for gold.
In the Indian capital Delhi, 99.9 purity gold price increased by Rs. 1,650 on Wednesday, reaching Rs. 98,100 per tola. Previously, the price stood at Rs. 96,450, according to the All India Sarafa Association. Similarly, the price of 99.5 purity gold rose by Rs. 1,650, reaching Rs. 97,650 per tola, also marking an all-time high.
Silver prices also witnessed a sharp rise of Rs. 1,900, reaching Rs. 99,400 per kilogram. In the global market, spot gold hit a record high of $3,318 per ounce before slightly falling to $3,299.99.
"The ongoing tariff war between the US and China is driving the price hike," said Kainat Chainwala, AVP of Commodity Research at Kotak Securities.
On Wednesday, the US increased tariffs on Chinese imports by 254%, creating further pressure on the market. Chintan Mehta, CEO of Abans Financial Services, noted that with the US dollar index falling below the 100 mark and reaching a three-year low, gold prices are soaring to record highs. He added that the anticipation of interest rate cuts and close observation of the US Federal Reserve Chairman Jerome Powell's speech by investors are also contributing to the surge in gold prices.
Meanwhile, in the Asian market, spot silver surged by nearly 2%, reaching $32.86 per ounce.
Gold Price Chart (Last 5 Years - India in Rs. per gram)
| Year | 18 Carat | 22 Carat | 24 Carat |
|---|---|---|---|
| 2020 | 3,400 | 4,150 | 4,530 |
| 2021 | 3,650 | 4,300 | 4,700 |
| 2022 | 3,750 | 4,550 | 4,950 |
| 2023 | 4,050 | 5,050 | 5,450 |
| 2024 | 4,400 | 5,500 | 5,900 |
| 2025* | 4,850 | 6,300 | 6,700 |
*2025 prices are approximate based on current April trends. Prices vary by city and purity. Data based on average values and official rates from major jewellers and associations.
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