Gold prices soared to an all-time high on Friday, 11 April, 2025, crossing the ₹96,000 per 10 grams threshold for the first time in history. The value of the metal skyrocketed by ₹6,250, based on intense jewellery buying and speculative interest by investors against the background of growing worldwide uncertainties.
Price Movement & Market Context
Gold with 24K purity reached ₹96,450 per 10 grams, which is a record high. The steep rise of ₹6,250 in a single day brought an end to a four-day losing spree, the highest single-day increase in more than two months. Gold futures also scaled new peaks, with June delivery contracts rising to ₹93,736 per 10 grams on the Multi Commodity Exchange (MCX).
Factors Driving the Surge
The surge in gold prices comes amid escalating global trade tensions, particularly between the U.S. and China. U.S. President Donald Trump’s decision to increase tariffs on Chinese imports has sparked fears of a full-scale trade war,boosting demand for gold as a safe-haven asset. The increasing probability of an economic downturn, weakening dollar, and U.S. Treasury selloff have also fueled demand for gold on both the domestic and foreign fronts.
Silver Price Surge
Silver prices also increased sharply, rising ₹2,300 to ₹95,500 per kilogram. The rise in the silver market is a reflection of the increase in gold, fueled by global uncertainties and the rush to precious metals.
Global Gold Market Trends
Gold prices recorded a new record high of $3,237.39 an ounce in the international market with Comex gold futures touching a high of $3,249.16 an ounce during the Asian market trading hours. Geopolitical uncertainties, such as the U.S.-China trade war, are still propelling gold’s attraction as a haven asset. Emerging market central banks have been acquiring gold at an unprecedented rate, further driving demand.
Expert Opinions
Financial analysts and companies such as UBS are forecasting sustained strength for gold over the next few months. Gold will continue to be a fundamental asset during uncertain times, spurred by global economic problems and continued diversification out of the U.S. dollar, UBS believes.
What This Means for Investors
For investors, the present spike in gold prices is both opportunity and risk. While gold is still a good hedge against economic turmoil, investors who are new to the market must exercise caution since prices are at record levels. Investors should plan on the long-term and keep themselves updated on developments around the world.
Conclusion
Gold’s remarkable rise above ₹96,000 per 10 grams underscores its role as a key safe-haven asset in times of uncertainty. With geopolitical tensions, economic anxiety, and a declining U.S. dollar fueling its advance, gold can expect to experience robust demand in the coming months.
