In line with knowledge from the India Bullion and Jewellers Affiliation (IBJA), 22 karat gold prices Rs 91,110 per 10 grams, whereas 20 karat gold is priced at Rs 83,080. Costs for 18 karat and 14 karat gold stand at Rs 75,620 and Rs 60,210, respectively.
Thus far in 2025, gold costs have risen by practically 20%, or Rs 16,000 per 10 grams.
Will gold hit the Rs 1 lakh mark by Akshaya Tritiya?
“With momentum in favor of patrons, gold now eyes the resistance zone of Rs 94,500–Rs 95,000, whereas Rs 92,000 serves as an vital assist,” mentioned Jateen Trivedi, VP Analysis Analyst – Commodity and Forex, LKP Securities. Nevertheless, he stays non-committal on gold costs hitting the Rs 1 lakh mark by Akshaya Tritiya, which falls on April 30.
On the technical entrance, gold now seems overbought in each worldwide and home markets, Trivedi famous. On COMEX, the $3,240–$3,260 vary is rising as a big resistance zone, whereas in India, costs hovering close to Rs 94,000–Rs 92,000 per 10 grams are additionally testing the higher band of sustainability.
The Relative Power Index (RSI) on each day charts has risen above 75 and is displaying volatility, indicating a basic sign of combined momentum, he added.Analyst Anuj Gupta, Head – Commodity & Forex at HDFC Securities, additionally stays constructive on gold’s prospects however says it’s too early to estimate whether or not it’ll attain Rs 1 lakh.Additionally Learn: Gold worth breaks data, but ETFs see outflow. Traders withdrew Rs 77 crore in March
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Instances)
