Gold Rate in India Today, April 25: Rally Pauses but 24K, 22K, 18K Gold Still Near Record Level; Silver Flat

This week has been exceptionally bullish for the bullion market as gold prices in India surged to all-time highs, which was good news for early investors but put retail buyers under massive pressure. The continuous rise in the gold rate in India has made it challenging for traditional buyers, especially ahead of the Akshay Tritia, which is a major gold-buying festival. The 24-carat gold price in India crossed the historic milestone of Rs. 1,00,000 per 10 grams in the domestic market. While the 22-carat gold rate hovered near Rs. 90,000 per 10 grams, making it one of the most expensive weeks for gold buyers across major cities like Delhi, Mumbai, Chennai, and Kolkata.

Globally, spot gold prices remained relatively stable as markets kept a close eye on the ongoing US-China trade negotiations. Meanwhile, the US dollar index slipped by 0.49%, increasing the attractiveness of gold as an alternative investment.

Gold Prices in India Today

On Friday, the 22 carat gold rate in India steadied at yesterday's rate to cost Rs. 90,050 per 10 grams. While the 24-carat gold prices today are at Rs. 98,240 per 10 grams. Similarly, the 18-carat gold rate today retails at Rs 73,680.

In a similar line, the 100 grams of 22-carat gold stand at Rs 9,00,500. While the 24-carat gold price in India per 100 grams is now retailing at Rs. 9,82,400.

MCX Gold and Silver Futures Update

As of April 25th, gold futures prices on the Multi Commodity Exchange (MCX), expected to mature on June 5, 2025, slipped by 0.51%, trading at Rs 95,425. Similarly, silver futures, with an expiry date of May 5, 2025, dropped today by 0.38% to trade at Rs 97,144.

The ICICI commodity report mentioned, "MCX Gold June is expected to hold the support at ₹95,000 and move towards the ₹97,200 level. Below ₹95,000, it would turn weaker. While MCX Silver May is expected to find support at ₹96,800 and move higher towards the ₹98,200 level. Below ₹96,800, it can correct towards 10 DEMA at ₹95,600."

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored the gold rates in India. Here's the latest city-wise update on 22-carat and 24-carat gold rates on 25th April.

In Chennai, the 24-carat gold rate stands at Rs. 98,350 per 10 grams, while the 22-carat gold price in Chennai is Rs. 90,150 per 10 grams.

In Hyderabad, the 24K gold price is Rs. 98,350 per 10 grams, and the 22K gold rate in Hyderabad is Rs. 90,150 per 10 grams.

In Mumbai, the 22-carat gold rate is Rs. 90,150 per 10 grams, while the 24-carat gold price in Mumbai remains at Rs. 98,350 per 10 grams.

Silver Price Movement in India

Silver prices in India on Friday, April 25th Show no major movements, so 1kg of silver in India costs Rs. 1,00,900. While 100g of silver rates in India cost Rs 10,090.

Market Outlook for Gold Prices

"Gold is expected to consolidate in the wide range of $3300 and $3400 amid lingering uncertainty over the US-China trade war. Lack of clarity on US and China trade deals brings back the safe-haven appeal in the yellow metal. Volatility will remain high until there is any clarity on the timing of the trade deal. Meanwhile, increasing investment inflows into gold ETFs and strong physical demand in China and Western economies would provide support to the bullion. • On the data front, a fresh addition of OI in the ITM call strike at 3300 has been observed, whereas unwinding in the OTM 3400 call was noticed, suggesting a recovery in prices. On the downside, a 10-day EMA at USD 3290 would act as key support." As per the ICICI Direct Commodity Report.

Spot Gold Prices + Spot Silver Price Today

Gold prices witnessed a sharp rebound after a two-day retreat, amid bargain hunting and a softer dollar. Spot gold gained more than 1 % to settle near USD 3350 in a highly volatile session .

Reuters in its report mentioned, "Spot gold was steady at $3,348 an ounce as of 0250 GMT. U.S. gold futures gained 0.3% to $3,359. Among other metals, spot silver fell 0.5% to $33.42 an ounce, platinum edged down 0.1% at $969.65 and palladium fell 1.2% to $943.24."

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