New Delhi, April 16, 2025: Gold prices in India have reached an all-time high as global economic jitters and trade tensions between the United States and China fuel demand for safe-haven assets. On the Multi Commodity Exchange (MCX), gold surged to a record Rs 95,435 per 10 grams before settling slightly lower at Rs 95,172.
Analysts attributed the steep rally to a combination of factors including a weakening U.S. dollar and fresh tariff threats from former U.S. President Donald Trump, which triggered fears of a renewed trade war. “Gold prices raced to an all-time high, driven by a weaker dollar, trade war tensions, and global economic concerns,” said Manav Modi, Senior Analyst at Motilal Oswal Financial Services.
Globally, gold breached USD 3,300 per ounce, also hitting new highs. Central banks have been buying aggressively, and investment through exchange-traded funds (ETFs) has added to the demand. Persistent geopolitical tensions have further boosted gold’s appeal.
In India, gold has delivered stellar returns, climbing over 20 percent in 2025 alone. Year-on-year, prices have risen nearly 40 percent, outpacing many other asset classes. The yellow metal, traditionally seen as a hedge against uncertainty, has continued to attract investors looking for stability amid market turbulence.
Sachin Jain, Regional CEO for India at the World Gold Council, said gold’s fundamentals remain strong. “We believe that the fundamentals of gold are still very strong and they continue to be very strong through the year,” he said in a recent interview.
As uncertainty looms large over global trade and economic policies, investors appear to be placing their faith in gold—with no signs of slowing down just yet.
Gold Soars to Record High on MCX as Trade Tensions and Weak Dollar Drive Safe-Haven Demand
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