Gold Prices Climb Closer to Record Highs Across India
Gold prices in India have surged sharply in recent days, pushing the precious metal once again beyond the reach of the middle class. On July 14, 2025, the price of 24-carat gold exceeded ₹99,700 per 10 grams, just around ₹2,000 short of its all-time high. Prices of 22-carat and 18-carat gold have also seen significant upward movement.
The rise comes amid global market uncertainty surrounding trade tensions. Spot gold prices approached $3,370 per ounce early Monday. Analysts attribute the rally to renewed market anxiety following U.S. tariff measures against Brazil and Canada, raising concerns over the stability of international trade deals. According to Jatin Trivedi, Vice President Research Analyst (Commodities & Currency) at LKP Securities, this uncertainty has shifted market sentiment back in favor of gold, especially after recent declines due to easing tensions in the Middle East.
As per data from Trading Economics, gold traded at $3,364.12 per ounce on July 14, up 0.22% from the previous day. Although the benchmark Contract for Difference (CFD) market showed a 0.59% decline in gold prices last month, they remain 38.87% higher than the same time last year.
Gold rates for July 14 across India are as follows:
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24-carat gold: ₹9,97,100 per 100 grams (₹99,710 per 10 grams)
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22-carat gold: ₹9,14,000 per 100 grams (₹91,400 per 10 grams)
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18-carat gold: ₹7,47,900 per 100 grams (₹74,790 per 10 grams)
Notably, prices have risen sharply over the past few days. On July 12 alone, 24-carat gold prices rose by ₹7,100 per 100 grams, after increasing ₹6,000 on July 11 and ₹2,200 on July 10. This surge followed earlier dips of ₹6,600 on July 9 and ₹5,400 on both July 7 and 8.
The all-time high for 10 grams of 24-carat gold stands at ₹101,680, and for 100 grams, it is ₹10,16,800. Based on current prices, gold is now just ₹1,970 (per 10 grams) and ₹19,700 (per 100 grams) away from surpassing those records. As market tensions persist, further price hikes in the coming days remain likely.
