Gold Price Today, April 22: Yellow Metal Touches ₹1 Lakh Mark — What It Means for You
Gold prices in India have hit a historic milestone, with the yellow metal crossing the ₹1 lakh mark per 10 grams. This significant surge comes just ahead of Akshaya Tritiya, one of the most auspicious days for buying gold, and is also driven by a strong global rally in gold markets.
Let’s break down what’s happening and what it means for you as a buyer or investor.
📈 Why Did Gold Prices Rise?
The sharp rise in gold prices is linked to a few key factors:
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Global Market Rally: International gold prices have been rising due to economic uncertainty, geopolitical tensions, and central bank buying.
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Akshaya Tritiya Demand: The festival is known for high gold purchases in India, boosting domestic demand.
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Weak Rupee: A slightly weaker rupee against the US dollar also contributed to higher gold prices in the Indian market.
💰 Today’s Gold Rate in Major Cities (per 10 grams)
| City | 22K Gold Price | 24K Gold Price |
|---|---|---|
| Delhi | ₹91,500 | ₹1,00,200 |
| Mumbai | ₹91,000 | ₹99,800 |
| Chennai | ₹91,300 | ₹99,900 |
| Kolkata | ₹91,400 | ₹1,00,000 |
| Bengaluru | ₹91,200 | ₹99,950 |
(Note: Prices may vary slightly based on jeweller and making charges)
📊 Impact on Buyers and Investors
For regular buyers, especially those planning to buy gold for Akshaya Tritiya or weddings, this rise may pinch the pocket a bit. However, many still see gold as a safe and auspicious investment.
For investors, the soaring prices reaffirm gold’s position as a hedge against inflation and economic instability.
🛍️ Should You Buy Gold Now?
Here’s what to consider:
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If you’re buying for tradition or gifting, you may go ahead as demand usually peaks during festivals.
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If you're investing, it might be wise to wait for prices to stabilize or explore options like Sovereign Gold Bonds or digital gold for smaller investments.
🧠 Expert Insight
Market analysts suggest the gold rally could continue if global uncertainties persist. However, corrections are also possible after the festive demand settles.
📌 Final Thoughts
Crossing ₹1 lakh per 10 grams is a historic moment for gold in India. Whether you're buying jewellery for the festive season or planning long-term investments, staying informed is key.
Keep an eye on the trends, compare rates across cities, and make smart decisions based on your financial goals.
Reference from:- https://www.moneycontrol.com/news/business/commodities/gold-price-today-april-22-yellow-metal-nears-rs-1-lakh-per-10-grams-check-rates-in-your-city-today-13000544.html