Gold rate today: Gold surges Rs 1,800 per 10 gram to cross Rs 1 lakh-mark in Delhi

Gold rate today: Gold prices skyrocketed by Rs 1,800 on Tuesday to cross the crucial Rs 1 lakh threshold per 10 grams in the national capital, driven by strong buying from jewellers and stockists ahead of Akshaya Tritiya and the ongoing wedding season.
According to the All India Sarafa Association, 24-carat gold (99.9% purity) surged to an all-time high of Rs 1,01,600 per 10 grams, up from Rs 99,800 the previous day. Meanwhile, 99.5% pure gold jumped even higher by Rs 2,800, reaching Rs 1,02,100 per 10 grams.
The price rally comes amid global economic uncertainty, a weakening US dollar, and renewed geopolitical tensions. Experts point to escalating friction between former US President Donald Trump and Federal Reserve Chair Jerome Powell over interest rate policy, along with continued uncertainty surrounding US-China trade relations, as key factors boosting gold’s appeal as a safe-haven asset.
"Gold has surged nearly Rs 22,650 per 10 grams — about 29% — since December 2024," said Colin Shah, MD of Kama Jewellery. He noted that demand in India remains resilient due to cultural and sentimental factors, particularly during auspicious occasions like Akshaya Tritiya, which falls on April 30 this year.
In futures trade, gold contracts on the Multi Commodity Exchange (MCX) also hit fresh peaks:

Globally, spot gold surged to a record high of USD 3,499.92 per ounce, before settling at USD 3,466.93, while Comex gold futures crossed the USD 3,500 mark for the first time, reflecting rising investor anxiety over macroeconomic headwinds and geopolitical risk.
Meanwhile, silver prices stayed flat in both domestic and global markets — at Rs 98,500 per kg in India and USD 32.70 per ounce internationally.
"Investors are watching closely for comments from US Fed officials for guidance on future rate policy," said Kaynat Chainwala, AVP-Commodity Research at Kotak Securities.