Gold Prices Soar to Record Highs: What’s Driving the Surge?
Gold prices have hit historic highs globally and in India today, April 22, 2025, as global market uncertainty pushes investors toward safe-haven assets.
Global Gold Crosses $3,500 for the First Time
In a stunning move, gold prices shot past $3,500 per ounce—reaching an all-time high of $3,500.05 before stabilizing around $3,440. This surge comes on the heels of increased political tension, particularly in the U.S., where President Donald Trump’s remarks criticizing Federal Reserve Chair Jerome Powell have raised doubts about the Fed’s independence. Investors responded by moving their funds into gold, traditionally seen as a stable investment during uncertain times.
Market analysts predict that if current conditions continue, we could see gold touching the $4,000 mark in the near future.
Indian Market Reacts: Gold Nears ₹1 Lakh per 10 Grams
The impact of global trends is being felt strongly in India. Ahead of the festive occasion of Akshaya Tritiya, gold prices in Delhi jumped by ₹1,650, reaching ₹99,800 per 10 grams for 24K gold. On the MCX (Multi Commodity Exchange), gold futures for June delivery were trading at ₹98,910 per 10 grams.
According to FXStreet, gold per gram in India is now priced at ₹9,494.07, with one tola costing over ₹110,000.
Other Metals Climb Too
It’s not just gold making waves—platinum is up by 1% to $971.40, while palladium gained 1.8% to $944.27. This broad rally in precious metals suggests a deeper shift in investor sentiment toward safer investments amid global economic uncertainty.
Looking Ahead
With the U.S. dollar weakening and markets reacting to unpredictable political developments, all eyes are on the Federal Reserve. Upcoming speeches from key Fed officials could further influence gold’s trajectory.