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According to data from the India Bullion and Jewellers Association (IBJA), 22 karat gold costs Rs 91,110 per 10 grams, while 20 karat gold is priced at Rs 83,080. Prices for 18 karat and 14 karat gold stand at Rs 75,620 and Rs 60,210, respectively.
So far in 2025, gold prices have risen by nearly 20%, or Rs 16,000 per 10 grams.
Will gold hit the Rs 1 lakh mark by Akshaya Tritiya?
“With momentum in favor of buyers, gold now eyes the resistance zone of Rs 94,500–Rs 95,000, while Rs 92,000 serves as an important support,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. However, he remains non-committal on gold prices hitting the Rs 1 lakh mark by Akshaya Tritiya, which falls on April 30.
On the technical front, gold now appears overbought in both international and domestic markets, Trivedi noted. On COMEX, the $3,240–$3,260 range is emerging as a significant resistance zone, while in India, prices hovering near Rs 94,000–Rs 92,000 per 10 grams are also testing the upper band of sustainability.
The Relative Strength Index (RSI) on daily charts has risen above 75 and is displaying volatility, indicating a classic signal of mixed momentum, he added.Analyst Anuj Gupta, Head – Commodity & Currency at HDFC Securities, also remains positive on gold’s prospects but says it is too early to estimate whether it will reach Rs 1 lakh.Also Read: Gold price breaks records, yet ETFs see outflow. Investors withdrew Rs 77 crore in March
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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