Gold Rate In India Hits A Pause After Rs. 35,500/100g Surge In 6 Days; Check Today's 24K, 22K, 18K Gold Prices

After an unstoppable rally for six consecutive sessions, gold prices in India today have taken a much-needed pause. Retail buyers were largely disappointed by the rising cost of the yellow metal, while investors are rejoicing at this sharp rally in gold rates in India. In just 6 days, gold has surged to Rs. 35,500 per 100 grams.

Due to this rally, gold rates have created a new record, crossing the historic Rs. 92,000 per 10 grams for 24-carat gold. This sharp rise is primarily because of Trump's reciprocal tariff, which takes effect from today, so investors are running towards the safe haven assets. Moreover, the international spot gold has crossed the $3100 per ounce mark already, and the market analyst believe it could soon cross the $3300 level if the uncertainty persists.

Gold Rate in India Today

As of 2nd April, gold rates in India for 22 carats, or standard, showed stability with no movement and currently cost Rs. 85,100 per 10 grams, whereas the 24-carat gold rate in India is currently at Rs. 92,840 per 10 grams. Just like that, 18-carat gold rates also underwent no changes and retail at Rs. 69,630.

Similarly, the 100 grams of 24-carat gold are now costing Rs. 9,28,400, and the 22-carat gold per 100 grams is now at Rs. 8,51,000. The cheaper variant, 18-carat gold, is now at Rs. 6,96,300.

Silver prices in India today

Silver rates in India today remained stable after a sharp rise yesterday. 1 kg of silver in India costs Rs. 1,05,000. While 100g of silver rates in India retails at Rs. 10,500.

City-Wise Gold Rates: Latest 22-Carat & 24-Carat Prices Across India

Here's a look at the latest gold prices for 22-carat and 24-carat gold in major Indian cities:

22-carat gold: ₹85,100 per 10 grams

24-carat gold: ₹92,840 per 10 grams

24K gold: ₹92,840 per 10 grams

24-carat gold: ₹92,840 per 10 grams

MCX Gold and Silver Prices

Gold futures prices on the MCX, which are going to mature on April 4, dropped slightly today and are trading at Rs. 90,400 with a decrease of 0.11%. Similarly, silver futures prices set to mature on May 5th, 2025, traded at Rs. 99,807, which increased a little by 0.35% as of 11:30 am. On April 2nd

"MCX Gold June is expected to move in the band of ₹90,300 and ₹91,400 level. Only above ₹91,400 would it turn bullish towards ₹92,000. Meanwhile, MCX Silver May is expected to rise further towards the ₹101,500 level as long as it trades above the ₹99,000 level. Below, ₹99,000; it would slide to ₹98,000." As per the ICICI Direct Research report dated 2nd April.

Spot Gold Price and Spot Silver Rate

According to the latest Reuters report, spot gold rose 0.2% to $3,116.72 per ounce as of 0500 GMT, after hitting a record high of $3,148.88 on Tuesday. Meanwhile, U.S. gold futures remained steady at $3,116.72, and spot silver gained 0.2% to $33.80 per ounce.

The report further noted that "investors turned to the safe-haven asset amid concerns over potential U.S. reciprocal tariffs. Market participants are now closely watching the ADP employment report, set for release later in the day, and the non-farm payrolls data due on Friday.'

Gold Prices Target and Outlook This Week

"Gold gave up gains on Tuesday after earlier hitting a record amid uncertainty as traders braced for a major escalation in US President Donald Trump's trade tariffs. Traders are on edge as Trump plans to announce sweeping levies on all of America's trading partners on Wednesday, raising the risks of retaliatory measures. The precious metal has been one of the strongest performing commodities this year, posting its best quarter since 1986 in the opening three months. The ascent has been fuelled by consistent central-bank buying, plus a rising tide of haven demand amid intensifying geopolitical and macro uncertainties. Bullion is often the go-to haven in times of uncertainty. Holdings in gold-backed exchange-traded funds have climbed more than 6% so far in 2025, following four years of net outflows, according to data compiled by Bloomberg. That raised the total to the highest since September 2023." According to the Nirmal Bang Securities Research Report.

"Fundamental Outlook: Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as the market took a break from a record-setting run ahead of US President Donald Trump's implementation of sweeping "reciprocal" tariffs, which are expected to take effect later Wednesday." as per Nirmal Bang Securities Research Report.

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