Gold Today Rate, 21 April: Check 18, 22 and 24 Carat Gold Prices Bengaluru, Chennai, Delhi And Other Cities

Gold prices in India touched an all-time high on Friday, with the price of 24-carat gold nearing the historic ₹1,00,000 mark per 10 grams. This sharp surge marks one of the biggest jumps in the domestic market so far, driven by a combination of global factors.

According to market experts, the rally in gold prices is primarily driven by a surge in the international market. Expectations of interest rate cuts in the US and Europe, the weakening dollar, and heightened geopolitical tensions in the Middle East have boosted gold's appeal as a safe-haven asset.

While investors are cheering the gains, retail customers-especially those preparing for the ongoing wedding season-are feeling the pinch. Jewellers report a noticeable dip in demand for new gold jewellery, with many customers choosing to sell old ornaments instead.

Will Gold Prices Surge Further?

Experts suggest that if global economic instability continues and investor sentiment remains bullish, gold could climb even higher in the coming days. However, some analysts are forecasting a potential cooling-off period due to profit-booking trends.

Despite the uncertainty, gold's current rally has once again highlighted its resilience during times of economic turbulence.

City-Wise Gold Rates

As of Friday, gold prices across major Indian cities were as follows:

Bengaluru:

• 24-carat gold: ₹98,350/10 grams
• 22-carat gold: ₹90,150/10 grams

Chennai:

• 24-carat gold: ₹98,350/10 grams
• 22-carat gold: ₹90,150/10 grams

Hyderabad:

• 24-carat gold: ₹98,350/10 grams
• 22-carat gold: ₹90,150/10 grams

Mumbai:

• 24-carat gold: ₹98,350/10 grams
• 22-carat gold: ₹90,150/10 grams

Delhi

• 24-carat gold: ₹97,743/10 grams
• 22-carat gold: ₹ 89,613/10 grams

As the precious yellow metal edges closer to the ₹1 lakh milestone, all eyes remain on the global economy to see which way the tide turns for gold.