Gold Hits All-Time Record High, Surges Past ₹70,000 Per 8 Grams

Gold prices saw a notable rise with 8 grams priced at ₹70,280, reflecting an increase of ₹1,480 or 2.15% on Saturday. Now, one gram of gold costs ₹8785.

Similarly, the 10-gram rate reached ₹87,850. On a smaller scale, the price of gold at ₹8,785 rose by ₹185, also marking a 2.15% increase, while another rate at ₹8,600 showed a sharper gain of ₹270, amounting to a 3.24% rise. The 8-gram rate of ₹68,800 also surged by ₹2,160, indicating a 3.24% jump.

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On Friday, gold surged to a record ₹93,736 per 10 grams, while the 8-gram gold rate touched ₹69,960, in Kerala, reflecting the sharp rally in the international market and growing global uncertainty. Now, one gram of gold costs ₹8745.

The surge in gold prices is largely driven by safe-haven buying as trade tensions heat up. U.S. President Donald Trump recently raised tariffs on Chinese imports to 145%, although he announced a 90-day pause for certain countries.

China has responded with tariff hikes of its own, triggering fresh concerns over a prolonged U.S.-China trade war.

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The gold price in India stood at ₹8,635 for 1 gram of 22-carat gold (up ₹255), and ₹69,080 for 8 grams, up by ₹2,040 on Thursday.

Gold prices remained consistently high across major Indian cities, with 22K gold per 10 grams priced at ₹87,850 in both Delhi and Jaipur, while 24K gold stood at ₹95,820 in these cities.

In Ahmedabad and Patna, 22K gold was slightly lower at ₹87,750 and 24K at ₹95,700. Meanwhile, Mumbai, Hyderabad, Chennai, Bengaluru, and Kolkata all recorded identical rates, with 22K gold priced at ₹87,700 and 24K gold at ₹95,670 per 10 grams.

While gold typically shines during geopolitical tensions, the current levels are already significantly elevated. Investors may consider waiting for a dip or consulting a financial advisor before making large purchases.