Gold prices in India continue to soar, hitting record highs on April 20, which also marks Easter Sunday, a major Christian festival. This week alone, gold rates in India have broken multiple records, making the precious metal even more expensive for buyers.
The 24-carat gold rate in India is now well above ₹97,000 per 10 grams, rising by nearly ₹2,500 within just three days. This sharp rally in gold prices is primarily driven by rising concerns over a global recession and the ongoing trade war, which are pushing investors towards safe-haven assets like gold.
Additionally, the weakening of the US dollar is further supporting the upward momentum in bullion prices, fuelling the continued rise in 24K and 22K gold rates across India.
Gold price today in India, April 20
The 22-carat gold rate in India today is at Rs. 89,450 per 10 grams with no major movement today. The 24-carat gold prices in India today is Rs. 97,580. Gold rate per 100 grams of 22-carat yellow metal is at Rs. 8,94,500, while 24-carat gold per 100 grams is at Rs. 9,75,800.

MCX Gold and Silver futures dip slightly; Spot gold still at record high
Gold prices on the MCX (Multi Commodity Exchange) slipped slightly. Currently, gold futures prices due to mature on June 5th, 2025, stand at Rs.95,239, which decreased by 0.44%. Silver futures, which are maturing on May 5, 2025, slipped slightly to close 0.04% down at Rs 95,001.
Spot gold prices, on the other hand, Scaled peak level crossing USD 3,300 per ounce. Since the bull market is closed on the occasion of the Good Friday weekend, at the end of Thursday, the close spot gold ended at USD 3,322, rising 3.1% as per Reuters. U.S. gold futures gained 3.3% to settle at $3,324.50. Spot silver rose 1.7% to $32.85 an ounce, the same report mentioned.
What's driving gold prices up in April 2025? Key factors
As per the ICICI Direct commodity report, spot gold gained the most in a single day since April 2020 and rallied to cross the key psychological mark at $3300 amid a weaker dollar and safe-haven buying. Escalating trade tension has boosted safe-haven bids for precious metals. US President launched an investigation into the need for tariffs on critical minerals."
As per the ICICI Direct commodity report, spot gold gained the most in a single day since April 2020 and rallied to cross the key psychological mark at $3300 amid a weaker dollar and safe-haven buying. Escalating trade tension has boosted safe-haven bids for precious metals. US President launched an investigation into the need for tariffs on critical minerals."
Check Today's Gold Rates in Chennai, Mumbai, Bengaluru & Hyderabad - April 21
The gold price in India remains stable today across major cities, including Chennai, Mumbai, Bangalore, and Hyderabad. Here's the latest city-wise update on 22-carat and 24-carat gold rates:
In Chennai, the 24-carat gold rate stands at ₹97,580 per 10 grams, while the 22-carat gold price in Chennai is ₹89,450 per 10 grams.
In Bangalore, the gold rate for 24-carat is ₹97,580 per 10 grams, and the 22-carat gold rate in Bangalore is ₹89,450 per 10 grams.
In Hyderabad, the 24K gold price is ₹97,580 per 10 grams, and the 22K gold rate in Hyderabad is ₹89,450 per 10 grams.
In Mumbai, the 22-carat gold rate is ₹89,450 per 10 grams, while the 24-carat gold price in Mumbai remains at ₹97,580 per 10 grams.
Silver Rates in India on April 20
Silver prices in India on Sunday are maintaining stability. As of today 1kg of silver in India costs Rs. 1,00,000, while 100 g of silver rates in India today cost Rs. 10,000.
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