Surge in Precious Metals: Gold Hits ₹92,000 Record, Silver Rises by ₹1,000

Gold Price at an All-Time High:
The announcement of auto tariffs by U.S. President Donald Trump, along with uncertainties surrounding upcoming reciprocal tariffs, has fueled a bullish trend in the precious metals market. Following record highs in global markets, gold has now reached a historic peak in the domestic market as well.

In Ahmedabad, gold prices surged by ₹500 today, reaching a new all-time high of ₹92,000 per 10 grams. Silver also saw a significant jump of ₹1,000, now trading at ₹1,01,000 per kg.

Global Gold Prices Reach Record High

Internationally, gold soared to a new record high of $3,086.21 per ounce. The announcement of a 25% auto tariff has heightened fears of a global trade war, leading to volatility in equity and forex markets. As a result, gold futures and spot gold have seen increased buying activity.

Gold Gains 17% in Three Months

This year has witnessed a strong rally in gold and silver as investors turn to safe-haven assets amid economic uncertainties. Over the past three months, gold has gained 16.90%, while silver has risen by 16.76%. In contrast, the Sensex has dropped by 724.08 points during the same period.

MCX Gold Futures Climb by ₹358

Gold and silver futures saw trading volumes of ₹10,284.33 crore. On the MCX (Multi Commodity Exchange), April gold futures opened at ₹88,673 per 10 grams, hitting a high of ₹89,060 and a low of ₹88,605, before settling ₹358 higher at ₹88,742 compared to the previous close of ₹88,384.

• Gold Guinea (April futures): Up by ₹211 to ₹71,915 (per 8 grams)
• Gold Petal (April futures): Up by ₹32 to ₹9,056 (per gram)
• Gold Mini (April futures): Up by ₹423 to ₹88,636 (per 10 grams)

Silver Futures Surge

Silver futures also saw strong momentum. The May contract opened at ₹1,01,689 per kg, reached a high of ₹1,02,040, and a low of ₹1,01,280, before closing ₹302 higher at ₹1,01,615.

• Silver Mini (April futures): Up by ₹337 to ₹1,01,508
• Silver Micro (April futures): Up by ₹333 to ₹1,01,494

Year-to-Date Gains in Gold & Silver

With ongoing economic and geopolitical uncertainties, gold and silver continue to surge, reinforcing their status as preferred safe-haven investments.