As we enter the week of April 21–25, 2025, India’s gold market is poised for significant activity, influenced by both global economic factors and domestic cultural events.
Current Market Trends
Gold prices in India have been on an upward trajectory, with 24K gold currently priced at ₹97,580 per 10 grams, 22K at ₹89,450, and 18K at ₹73,190. The Multi Commodity Exchange (MCX) gold futures for June 2025 closed at ₹95,239 per 10 grams on April 17, after reaching an all-time high of ₹95,935 earlier that day . Analysts anticipate that MCX gold could approach ₹98,000 per 10 grams this week, driven by sustained safe-haven demand amid global uncertainties.
Global Influences
Internationally, gold prices have surged due to escalating trade tensions and economic concerns. Goldman Sachs has revised its year-end forecast for gold to $3,700 per ounce, with a potential peak of $4,500 in a high-risk scenario . Currently, gold is trading around $3,200 per ounce, marking a 22% increase in 2025 . These global dynamics are influencing domestic prices, making gold an attractive investment option.
Domestic Demand and Cultural Factors
The period from April 20 to 30 is considered highly auspicious for gold purchases in India, culminating in Akshaya Tritiya on April 30. This festival traditionally sees a spike in gold buying, as it’s believed to bring prosperity. The combination of cultural significance and favorable market conditions is expected to boost demand.
Investment Outlook
Year-to-date, gold prices in India have risen by approximately 28%, with experts predicting continued growth. While the ₹1 lakh per 10 grams milestone is unlikely to be reached in the immediate future, projections suggest it could be achieved by late 2025 or early 2026, barring any major geopolitical or financial disruptions.