Gold Prices Cross ₹96,000 Mark; Silver Sees ₹2,400 Surge Amid Global Market Uncertainty
Gold prices soared to an all-time high of ₹96,200 per 10 grams in the Jaipur bullion market on Saturday, following growing global economic uncertainty and a pause on tariffs announced by US President Donald Trump. Meanwhile, silver prices surged by ₹2,400 to reach ₹97,700 per kilogram, adding fuel to the ongoing rally in the precious metals segment.

Gold Hits Historic High as Global Unrest Sparks Investment
According to the Jaipur Sarafa Association, the standard 24-carat gold rate saw a significant spike, climbing to ₹96,200 per 10 grams—marking the highest level recorded in Indian market history. This dramatic increase is attributed to heightened geopolitical tensions, global economic slowdown fears, and increased investor demand for safe-haven assets.
Experts suggest that prices could climb further in the coming days, possibly breaching the ₹97,000 mark, especially with the wedding season around the corner—a period traditionally marked by strong gold demand in India.
Silver Gains Momentum, Breaches ₹97,700 per Kg
Alongside gold, silver also experienced robust gains. Jaipur’s bullion committee noted a sharp ₹2,400 increase per kilogram, bringing silver prices to ₹97,700. With rising industrial demand and retail interest, silver is expected to maintain its upward trajectory over the next week.
The refined silver rate now aligns closely with gold, making it one of the most volatile commodities in the current market scenario.
Category-Wise Gold Rates in Jaipur (April 13, 2025)
Gold Type | Price (per 10g) |
---|---|
24 Carat | ₹96,200 |
22 Carat | ₹89,700 |
18 Carat | ₹77,900 |
14 Carat | ₹64,600 |
Silver (1kg) | ₹97,700 |
Why Are Gold Prices Rising?
According to bullion market analysts and traders, here are the key reasons behind the sharp surge:
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Global Trade Uncertainty: The suspension of US tariffs by President Trump has escalated fears of a prolonged trade war, slowing global economic growth and boosting gold’s appeal as a safe investment.
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Rupee Depreciation: The Indian rupee has weakened by nearly 4% against the US dollar this year, making gold imports costlier and contributing to price increases.
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Wedding Season Demand: With the Indian wedding season approaching, demand for gold jewelry has intensified despite higher prices, especially in cities like Mumbai, Delhi, and Chennai.
Pankaj Soni from the Jaipur Sarafa Association noted, “Despite the price hike, retail buying remains strong, as consumers continue to view gold as both a cultural asset and a hedge against economic uncertainty.”