Gold Prices Surge to ₹1 Lakh per 10 Grams Ahead of Akshaya Tritiya 2025

Gold prices surged to an unprecedented level, crossing ₹1 lakh per 10 grams in India, triggering economic concerns just ahead of the auspicious festival of Akshaya Tritiya. This notable rise followed concerns over the dismissal of US Federal Reserve Chair Jerome Powell by President Donald Trump, coupled with other aspects. Investors started to turn from US equities, bonds, and money into gold, a usually haven, as market volatility increased.

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Spot gold rose internationally by 1.7% to $3,482.26 per ounce, reaching an intra-day peak of $3,494.66. Rising 2%, US gold futures came to $3,492.60. The notable increase exposes a growing loss of trust in the direction of US monetary policy, especially as Trump forces the Fed to lower interest rates.

The Indian market, heavily reliant on gold for both investment and cultural practices, is feeling the squeeze. The price increase might disproportionately affect middle-class households and homemakers, who have traditionally led gold purchases over the holiday season. This year, with the price increase coinciding with Akshaya Tritiya, many families may be compelled to cut back on typical gold purchases.

Analysts believe that unless geopolitical and economic concerns diminish, the upward trend in gold will endure. With inflation uncertainty, trade tensions, and Fed leadership turbulence dominating global financial headlines, gold’s rise seems to be far from done. Investors around the world continue to hedge against volatility, pushing demand for the precious metal to all-time highs.