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Gold rates in India subsidised today after a big spike of a week took them to record highs. All of which has been good for early investors but has brought immense pressure to bear on retail buyers, particularly in the lead-up to the Akshay Tritia festival, a major gold-buying opportunity. With the 24-carat gold price in India on Monday crossing ₹1,00,000 per 10 grams and 22-carat gold trading at nearly ₹90,000 levels, this week has turned out to be one of the most expensive ones for the buyers in cities like Delhi, Mumbai, Chennai, and Kolkata prices have since eased.
Gold Prices On April 25
- 24-Carat Gold: ₹9,824 per gram (₹98,240 per 10 grams)
- 22-Carat Gold: ₹9,005 per gram (₹90,050 per 10 grams)
- 18-Carat Gold: ₹7,368 per gram (₹73,680 per 10 grams)
City-Wise Gold Rates
Gold prices in 24 other cities in India, remained in line with the national trend. The 24K gold rate in Chennai, Bangalore and Hyderabad was quoted at ₹98,350 per 10 grams on the 25th of April, 2025. In these cities, 22-carat gold was priced at ₹90,150 per 10 grams. 24-carat gold (10 grams) in Mumbai was being sold for ₹98,350 and 22-carat for ₹90,150.
Silver Prices in India
Silver prices in India have shown minimal changes as of April 25, 2025. The price for 1 kilogram of silver is ₹1,00,900, while 100 grams of silver cost ₹10,090. These stable silver prices contrast with the recent fluctuations in gold prices.
MCX Gold and Silver Futures Update
MCX Gold and Silver Future updates: On April 25, 2025 relative to future price of Gold and Silver on the Multi Commodity Exchange (MCX) for delivery on June 5, 2025, fell 0.51 percent, to Rs 95,425. Silver futures, with expiration May 5, 2025, were also down by 0.38 per cent at Rs 97,144 today. The ICICI Direct Commodity Report “MCX Gold June is expected to hold the support at ₹95,000 and move towards the ₹97,200 level. Below ₹95,000, it would turn weaker. While MCX Silver May is expected to find support at ₹96,800 and move higher towards the ₹98,200 level. Below ₹96,800, it can correct towards 10 DEMA at ₹95,600.”
Market Outlook for Gold Prices
“Gold is expected to consolidate in the wide range of $3300 and $3400 amid lingering uncertainty over the US-China trade war. Lack of clarity on US and China trade deals brings back the safe-haven appeal in the yellow metal. Volatility will remain high until there is any clarity on the timing of the trade deal. Meanwhile, increasing investment inflows into gold ETFs and strong physical demand in China and Western economies would provide support to the bullion. • On the data front, a fresh addition of OI in the ITM call strike at 3300 has been observed, whereas unwinding in the OTM 3400 call was noticed, suggesting a recovery in prices. On the downside, a 10-day EMA at USD 3290 would act as key support.” As per the ICICI Direct Commodity Report.
Spot Gold and Silver Prices
Spot gold recovered sharply from a two-day loss as bargain hunting and a weaker U.S. dollar boosted prices. Spot gold rose more than 1 percent to trade near $3,350 in another volatile session, Reuters reported. “Spot gold was steady at $3,348 an ounce as of 0250 GMT. U.S. gold futures gained 0.3% to $3,359. Among other metals, spot silver fell 0.5% to $33.42 an ounce, platinum edged down 0.1% at $969.65 and palladium fell 1.2% to $943.24.”
Conclusion
As gold nears its all-time highs, gold buyers and investors should have a watchful eye on the market. Demand may surge due to the forthcoming festival, Akshay Tritia With the current global economic uncertainty, particularly surrounding the US and China trade tensions, it’s important to make sure you’re well-informed and seek financial advice before investing.
Disclaimer: The above is an opinion and provided for informational purposes only and not to be considered as financial advice. Please seek the advice of a qualified financial professional before making decisions. Neither the author nor the publisher or any affiliated parties will be held liable for any actions obtained from this work.
