Bullion Update

India’s gold imports have skyrocketed, with March 2025 witnessing an extraordinary 192.13% year-on-year surge to USD 4.47 billion—largely attributed to soaring global prices and heightened investor demand for safe-haven assets. The fiscal year 2024–25 closed with gold imports totaling USD 58 billion, up 27.27% from the prior year. This surge, while indicative of investor confidence in gold, has deepened India's trade deficit and widened the current account deficit (CAD).

Gold prices surged to an all-time high of Rs 94,781 per 10 grams on Wednesday, driven by a combination of global economic uncertainty and heightened demand for safe-haven assets. This price surge follows growing concerns around the ongoing U.S.-China trade tensions and the pressure on the U.S. dollar, which has fallen to a two-year low. Analysts predict that the market for gold will continue to experience upward momentum, particularly as investors flock to the yellow metal as a hedge against volatility.

Gold prices surged to unprecedented levels on Wednesday, with the yellow metal reaching Rs 98,100 per 10 grams in the national capital. This surge is primarily driven by the ongoing trade war between the United States and China, which has spurred a global rush toward safe-haven assets like gold. Analysts suggest that escalating geopolitical tensions and fears over a prolonged trade conflict are further amplifying the appeal of precious metals. Meanwhile, silver also saw a significant rise, reflecting broader market concerns.

Gold prices have surged to revisit their all-time high levels, reflecting ongoing investor uncertainty and shifting market conditions. On Tuesday, gold prices in the national capital rose by Rs 50, reaching Rs 96,450 per 10 grams, while silver prices climbed sharply by Rs 2,500 to Rs 97,500 per kg. This upward trend is largely driven by a weakening U.S. dollar, persistent geopolitical risks, and expectations of more economic volatility. As global markets await key U.S. economic data and central bank speeches, precious metals remain an attractive hedge in times of instability.

Gold prices in India have surged to unprecedented levels, breaking all previous records as safe-haven demand intensified amid escalating U.S.–China trade hostilities and growing fears of a global economic slowdown. The price of the yellow metal jumped by Rs. 6,250 to reach Rs. 96,450 per 10 grams in the national capital, while silver also posted sharp gains. The surge mirrors global trends, with spot gold and futures on COMEX hitting all-time highs above USD 3,200 per ounce. Analysts point to geopolitical tensions, weakening of the U.S.