Gold Nears ?1 Lakh per 10 Grams!

Gold prices continue to surge, hitting a new all-time high on Wednesday. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ?1,477 per 10 grams in the last 24 hours.

As per IBJA, the price of 24-carat gold increased by ?1,477 to ?94,579 per 10 grams, up from ?93,102 per 10 grams.

The price of 22-carat gold rose to ?92,310 per 10 grams, and 18-carat gold climbed to ?76,610 per 10 grams.

The spot market, along with the futures market, witnessed a surge in gold prices. On the Multi Commodity Exchange (MCX), the June 6, 2025, gold contract surged by 1.90% to ?95,435 per 10 grams.

In the international market, gold prices also remain at an all-time high, reaching $3,320 per ounce.

The rise in gold prices is attributed to global uncertainties. Additionally, the ongoing tariff war between the US and China is driving investors toward gold, considered a safe-haven asset, which is supporting the price surge.

Kaynat Chainwala, Assistant Vice President of Commodity Research at Kotak Securities, stated that gold touched record highs due to concerns over escalating trade wars.

She further noted that former President Trump's latest policy moves are increasing nervousness among global investors.

Investors are now closely monitoring upcoming US retail sales data and Federal Reserve Chairman Jerome Powell’s speech scheduled for Wednesday.

Since the start of 2025, the price of 24-carat gold per 10 grams has risen by ?18,417, or 24%, from ?76,162 to ?94,579.

Related Business News

Congress criticises new labour codes for ignoring core worker guarantees

Congress General Secretary Jairam Ramesh on Saturday accused the Centre of neglecting essential worker protections while implementing the four new labour codes, asserting that the legislation merely repackages 29 existing labour laws without addressing long-standing demands on wages, social se....

Indian Railways Crosses 1 Billion Tonne Freight Loading in FY 25-26

(Fast Mail):-- Indian Railways' freight performance continues to strengthen India's economic backbone, with cumulative loading this year crossing the 1-billion-tonne mark—reaching 1020 Million Tonnes (MT) as of 19 November. This milestone reflects broad-based support from key sectors: co....

Goyal Advances Strategic Cooperation with Israel Across Agriculture, Technology and Trade

(Fast Mail):-- Union Minister of Commerce and Industry Shri Piyush Goyal held a series of wide-ranging engagements during his official visit to Israel, further strengthening bilateral cooperation across agriculture, technology, innovation and trade. During the course of his meetings on 2....

Blenders Pride Fashion Tour Unveils India’s Most Advanced Tech-Driven Runway Experience in Gurugram

Gurugram, November 22, 2025: Blenders Pride Fashion Tour ushered fashion into the Futureverse at its Gurugram showcase with India’s first fully tech-immersive runway — a futuristic canvas that expanded the boundaries of creative expression. The showcase fused 360° projection mapping,....

ED seizes Rs 3,000 crore properties of Anil Ambani across India in money laundering case

NEW DELHI: The Enforcement Directorate (ED) has attached assets worth Rs 3,084 crore linked to Reliance Group chairman Anil Ambani as part of an ongoing money laundering investigation involving his group companies, official sources said on Monday. The federal agency issued four provisional attachmen....