Jump of Over Rs 41,000/24K in Gold Rate in India Over Four Sessions; Will Gold Price Today Hit Rs 1.50 Lakh?

Gold rate in India opened April on a firm footing, extending the strong rally seen in the final week of March. In the latest trading session, 24 Karat (24K) gold rose to Rs 14,869 per gram, gaining Rs 43, while 22 Karat (22K) gold climbed to Rs 13,630 per gram, up Rs 40.

Jump of Over Rs 41,000/24K in Gold Rate in Last Four Trading Sessions

Notably, over the last four trading sessions, gold prices have surged sharply, with 24K gold rising by Rs 414 per gram and a substantial Rs 41,400 per 100 grams. The rally comes amid heightened geopolitical tensions, as the ongoing Middle East conflict has entered its fifth week with no signs of easing.

Concerns over disruptions in key oil transit routes, including the Strait of Hormuz and Red Sea shipping lanes, have added to market anxiety, boosting gold's appeal as a safe-haven asset.

Gold Rate in India: Check Latest 22K, 24K & 18K Prices Per Gram

24 Karat Gold Rate Today in India

In the 24 Karat segment at the time of writing as per GoodReturns data, the price of 1 gram stood at Rs 14,869, up by Rs 43 from Rs 14,826 in the previous session. For 8 grams, the rate increased to Rs 1,18,952, marking a gain of Rs 344 from Rs 1,18,608.

The price of 10 grams of 24K climbed to Rs 1,48,690, rising by Rs 430 from Rs 1,48,260. At the bulk level, 100 grams of 24K gold were priced at Rs 14,86,900, registering an increase of Rs 4,300 from Rs 14,82,600.

22 Karat Gold Rate Today in India

In the 22 Karat category, the rate for 1 gram rose to Rs 13,630, up Rs 40 from Rs 13,590. For 8 grams, prices moved higher to Rs 1,09,040, reflecting a gain of Rs 320 from Rs 1,08,720. The cost of 10 grams increased to Rs 1,36,300, up by Rs 400 from Rs 1,35,900. Meanwhile, 100 grams of 22K gold were valued at Rs 13,63,000, marking a rise of Rs 4,000 from Rs 13,59,000.

18 Karat Gold Rate Today in India

For 18 Karat gold, the price of 1 gram stood at Rs 11,152, gaining Rs 33 from Rs 11,119. For 8 grams, the rate increased to Rs 89,216, up Rs 264 from Rs 88,952. The price of 10 grams climbed to Rs 1,11,520, reflecting a gain of Rs 330 from Rs 1,11,190. At the higher end, 100 grams of 18K gold were priced at Rs 11,15,200, registering an increase of Rs 3,300 from Rs 11,11,900.

MCX Gold Price Trends

On the Multi Commodity Exchange (MCX), gold prices witnessed a sharp spike during the latest evening trade, even as global charts for March reflected one of the steepest monthly declines in years. Gold futures for June delivery surged by Rs 1,571 to touch Rs 1,49,237 per 10 grams.

In the latest session, prices eased slightly to Rs 1,49,050 per 10 grams, but overall sentiment remained firm.

Spot Gold Price Trends

In the international market, spot gold moved closer to $4,600 per ounce on Tuesday as oil prices showed some easing. However, despite the recent uptick, gold is still set to record nearly a 13% decline for March-its worst monthly performance since October 2008.

Gold Comex Futures: Earlier in the month, prices on Comex were hovering around $5,400 per ounce before slipping significantly to current levels.

Why Gold Prices Are Rising? Check Key Factors

Gold markets are currently being shaped by a mix of geopolitical and macroeconomic factors. Escalating tensions in the Middle East have increased safe-haven demand, while volatility in oil prices has added to inflation concerns globally. At the same time, a strong US dollar and elevated bond yields are limiting sharp upside in gold prices.

The sharp correction seen earlier in March was largely driven by an oil-led inflation shock, which pushed investors toward expectations of prolonged higher interest rates. This reduced the immediate appeal of non-yielding assets like gold.

Will Gold Price Rally Continue Ahead? Check Expert's View

"Geopolitical tensions and inflation risks continue to provide downside support, while a strong dollar and elevated bond yields cap sharp upside. Gold may consolidate with a mild negative bias unless weaker U.S. data revives rate-cut expectations," said Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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