Gold prices have been on an upward trajectory in recent times, influenced by a confluence of global and domestic factors. As of April 9, 2025, the price of 24-carat gold in India stands at ₹90,160 per 10 grams, while 22-carat gold is priced at ₹82,590 per 10 grams. ​

Factors Contributing to the Rise in Gold Prices:

1. Geopolitical Tensions and Trade Policies: The re-election of U.S. President Donald Trump has intensified trade disputes, leading to the imposition of tariffs on various imports. These actions have heightened global economic uncertainties, prompting investors to seek refuge in gold as a safe-haven asset.
2. Inflationary Concerns: Anticipations of rising inflation have bolstered the demand for gold, traditionally viewed as a hedge against inflationary pressures.
3. Central Bank Purchases: Central banks worldwide have been augmenting their gold reserves, further driving up demand and prices.
4. Domestic Demand in India: Despite escalating prices, affluent Indian consumers continue to invest in gold jewelry and coins, especially during wedding seasons and festivals. This sustained demand contributes to the upward pressure on prices.
5. Shift in Investment Preferences: A downturn in local equities has led many Indian investors to pivot towards gold, particularly through exchange-traded funds (ETFs), as a more stable investment avenue.

Current Gold Prices in Major Indian Cities (as of April 9, 2025):

In summary, the surge in gold prices is the result of intertwined global events, economic policies, and domestic market behaviors. Investors and consumers should remain vigilant and consider these factors when making decisions related to gold investments.