Patna: The price of gold is nearing an unprecedented Rs1 lakh per 10 grams in India, driven by persistent global economic instability. Over the past six months alone, gold has delivered a staggering return of Rs23,000 to Rs26,000 per 10 grams—igniting a renewed rush among investors and consumers alike.
From jewellery showrooms in Patna to trading floors on the Multi Commodity Exchange (MCX), gold is once again glittering as a safe haven asset. Alongside traditional jewellery investments, buyers are increasingly turning to futures contracts and sovereign gold bonds to capitalise on the precious metal’s meteoric rise.
“Gold has given remarkable returns in the past two to three years,” said Vinod Kumar, President of Patliputra Sarafa Sangh. “In December 2022, 24-carat gold was priced at Rs52,000 per 10 grams. By December 2024, it reached Rs78,650—and it hasn’t stopped climbing.”
According to Umesh Tekriwal, Manager at Tanishq’s Fraser Road showroom, both retail customers and serious investors are viewing gold not just as ornamentation, but as a reliable financial asset. The appeal lies not only in gold’s appreciation, but also in its resale value. “Jewellery is worn and enjoyed, yet still delivers full value at resale—people often upgrade pieces with minimal loss,” he added.
Silver, too, has seen a sharp uptrend. Trader Sanjay Bhosale pointed out that silver surged from Rs53,151 per kg in August 2022 to Rs96,000 in April 2025. “That’s a gain of nearly Rs43,000 in less than two years,” he noted.
Investors are also making a beeline for futures trading, where full-value returns can be realised without deductions like jewellery making charges. However, the emotional and cultural value of physical gold ensures that jewellery remains a popular choice.
Price Trends Over Time
Monthly highs show a consistent rise in gold value:
- November 2024: Rs7,520/g
- December 2024: Rs7,365/g
- January 2025: Rs7,790/g
- February 2025: Rs8,130/g
- March 2025: Rs8,400/g
- April 2025: Rs8,985/g
Comparative minimums reflect the same upward pressure, with no major drop-off—suggesting continued investor confidence. The six-year high tells a similar story: from Rs4,026 per gram in 2019 to Rs7,865 in 2024 for 22-carat gold (excluding GST).
The Outlook
Analysts warn that with geopolitical tensions and inflationary fears showing no signs of easing, the upward trajectory may persist. “Gold is not just shining—it’s surging,” said a commodities analyst based in Mumbai. “As long as uncertainty rules the global markets, precious metals will remain in demand.”
