The price of 24-carat gold is up by Rs 2,510, rising from Rs 1,45,580 to Rs 1,48,090.
Slide 3: Latest Gold Rates per 10 grams: 24-carat gold is up by Rs 2,510, rising from Rs 1,45,580 to Rs 1,48,090. The price of 22-carat gold surged by Rs 2,300, rising from Rs 1,33,450 to Rs 1,35,750. Rate of 18-carat gold rose by Rs 1,880, rising from Rs 1,09,190 to Rs 1,11,070. The sudden surge has once again caught buyers off guard.Silver prices are also on the rise. The price of silver jumped by Rs 5,000 per kg on Friday, now hovering around Rs 2,50,000 per kg. Interestingly, silver had recently seen a sharp fall due to heavy selling in commodity markets, which had worried investors.What’s Happening in Markets? On the Multi Commodity Exchange, gold April futures rose 3.59% (Rs 5,007) to Rs 1,44,500. Silver May futures climbed 3.58% (Rs 7,876) to Rs 2,27,750. Globally, gold is trading at around $4,493 per ounce, while silver is at $69 per ounce, reflecting volatility across marketsWhy Are Prices Rising? Geopolitical tensions in the Middle East, especially uncertainty between the United States and Iran, are pushing investors toward gold as a safe-haven asset. Currency fluctuations—like a weaker US dollar or volatile Indian rupee—are also making imported gold more expensive.Rising crude oil prices are fueling inflation concerns, prompting investors to buy gold as a hedge. Additionally, central banks across the world are increasing their gold reserves, which is further driving prices upward.What to Expect Next Week: Analysts predict continued volatility in the first week of April. If global tensions persist, gold prices could cross Rs 1.50 lakh for 10 grams of 24-carat gold. However, any positive developments—like US Federal Reserve announcements or peace talks—could ease prices slightly. In the long term, gold is expected to trend upward, but short-term movements will depend heavily on global cues.
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Gold prices in India are on a rollercoaster. Prices dip for a day or two, only to spike again soon after. There’s no clear downward or upward trend, leaving buyers confused. The price of 24-carat gold (10 grams) is once again nearing the Rs 1.50 lakh mark, making it difficult for buyers to decide when to invest.
