Gold Price Reaches ₹1 Lakh (Including GST) Today, April 22nd. MCX Price at ₹98,753/10 Grams. Will Prices Rise Further?
Gold Price Today: On April 22nd, 24-karat gold in India touched ₹1 lakh per 10 grams. This price includes GST, currently at 3% on gold.
At 11:01 AM, the MCX gold price was ₹98,753.
Record High: ₹2000 Increase in a Single Day
On April 21st, the price of 24-karat gold was around ₹96,000. Today, it has seen a ₹2,000 increase. The all-time high recorded so far is ₹99,012 per 10 grams, also on the MCX.
Gold Becomes Investors' Top Choice
Rising tensions between the US and China, and global uncertainty, are driving investor interest towards gold. Whenever global economic concerns increase, gold is perceived as a safe haven asset. US tariff policies and trade wars have further increased gold's price.
Will Prices Continue to Rise?
According to a report, gold has seen a nearly 26% increase since December 31, 2023. 24-karat gold has appreciated by ₹20,850 during this period. If this trend continues, gold prices may rise further in the future. However, the stock market is gradually showing signs of stabilization.
