Gold Prices Hit Record High in India Amid Global Trade Tensions

Gold prices soared on March 28, 2025, as investor sentiment shifted toward safe-haven assets following an announcement by U.S. President Donald Trump introducing new auto tariffs. The move raised fears of a global trade war, prompting increased demand for gold.

According to the India Bullion and Jewellers Association, 24-carat gold (999 purity) was priced at approximately ₹89,306 per 10 grams.

City-Wise Gold Prices on March 28 (Per 10 Grams)

(Data Source: Good Returns)

Global and MCX Trends

Devarsh Vakil, Head of Prime Research at HDFC Securities, noted, “Gold prices rose to a fresh all-time high on Thursday, bolstered by safe-haven inflows.” International bullion prices touched $3,058 per ounce, reflecting a year-to-date gain of over 15%.

In India, gold’s April contracts on the Multi Commodity Exchange (MCX) were trading at ₹88,673 per 10 grams.

Understanding 22K vs. 24K Gold

24-Carat Gold: 100% pure gold with no alloyed metals. It is ideal for investment but not suitable for jewelry.

22-Carat Gold: Contains 91.67% pure gold mixed with small amounts of silver or copper, making it more durable and preferred for ornaments.

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