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Suspense Crime,Digital Desk: For Indian consumers and investors, gold prices remain sensitive to changing economic conditions, currency movements, and rates of inflation. As on May 3, 2025 gold also underwent changes as always in tune with international markets.
Current Gold Prices
According to current estimates, gold prices have increased significantly. The rate of 24-carat gold is now at Rs 95,510 per 10 grams which is Rs3,000 higher than the previous rate. On the other hand, 22-carat gold is priced at Rs 87,550 per 10 grams. This is a global supply issue and lowering of demand by the U.S. dollar index.
International Scenario
Global prices for gold today stands at around $3,238 the ounce mark. A lot of issues is pushing prices higher, particularly changing interest policies from the U.S. Fed and rising inflation across the world is helping gold prices soar. Further geo-economic conflicts which China and U.S. are waging among themselves have raised the price of gold as a shield investment.
What Investors Should Consider
The recent increase in the price of gold has been beneficial for those who wish to invest long-term. Experts predict further price increases with possible changes to the dollar index and interest rates. However, smaller investors with little cash to spare are advised to be careful due to the high volatility in the short term.
Influence on the Indian Market
The ongoing wedding season has increased the demand for gold in India, which in turn is driving up prices. According to jewelers, gold price might reach Rs 1,00,000 per 10 grams in the upcoming weeks and provided the demand is constant.
Will Gold Prices Continue to Rise?
Given the current global market chaos, analysts expect no slump in the price of gold any time soon. The expected increase will be further supplemented by bulk purchases and increased gold reserve acquisitions by central banks.
