Unexpected Surge in Gold Prices Takes Market by Surprise

The state has witnessed a sudden surge in gold prices today, with an increase of 440 rupees. Currently, the cost of one pavan of gold stands at Rs 53,640, marking a rise in the price of one gram to Rs 6,983. This jump contrasts with the previous day’s rate of Rs 53,200 per pavan. Earlier this month, gold prices surpassed the fifty-thousand mark, hitting a low of Rs 50,680 per pavan on April 2. However, silver prices have remained relatively stable during this period.

Amidst financial uncertainty, central banks, including those in India and China, are noticeably increasing their gold reserves. China’s gold reserves surged to 7.27 crore troy ounces in March.

Gold price trends in April (22 carats)

April 15: ₹53,640

April 14: ₹53,200

April 13: ₹53,200

April 12: ₹53,760

April 11: ₹52,960

April 10: ₹52,880

April 09: ₹52,800

April 08: ₹52,520

April 07: ₹52,280

April 06: ₹52,280

April 05: ₹51,320

April 04: ₹51,680

April 03: ₹51,280

April 02: ₹50,680

April 01: ₹50,880

Gold rates since March 15 (22 carats)

March 25: ₹49,000

March 24: ₹49,000

March 23: ₹49,000

March 22: ₹49,080

March 21: ₹49,440

March 20: ₹48,640

March 19: ₹48,640

March 18: ₹48,280

March 17: ₹48,480

March 16: ₹48,480

March 15: ₹48,480