The price of gold made a new record on Tuesday. The price went beyond Rs 1 lakh per 10 grams. Gold prices reached Rs 1,00,000 per 10 grams in futures trading on MCX on 22 April. This is a great jump of more than 17 times since the contract was launched in November 2003. According to PTI news, gold futures were trading at around Rs 5,858 per 10 grams in November 2003 when the gold business was started on MCX.
Gold price at MCX in April 2005
According to the news, Gold has performed well continuously in the last 21 years. Gold gave attractive returns in the time of crisis such as financial recession of 2008, destructive Kovid-19 period and Trump Tariff War. In April 2005, gold prices rose to Rs 6,267 per 10 grams on the Multi Commodity Exchange (MCX) and in the later years the rise gained momentum. During the global financial recession of 2008, gold prices crossed the level of Rs 10,000 per 10 grams.
Gold crossed Rs 20,000 per 10 grams in 2011
The multi -commodity exchange (MCX) reached Rs 11,424 per 10 grams, which was an increase of more than 22 percent as compared to April 2007. In April 2010, the metal rose to Rs 17,208 per 10 grams in April 2010. Gold crossed the significant range of Rs 20,000 per 10 grams in 2011. From 2013 to 2019, gold faced challenges due to strong dollars and the changing policies of the central bank, with prices fluctuating between Rs 27,000 per 10 grams and Rs 32,000 per 10 grams.
Gold prices crossed Rs 40,000 in April 2020
Gold was a major boost in 2020 when the Covid-19 epidemic forced investors to take shelter in the metal amid economic instability and global uncertainty.
In April 2020, gold prices crossed the range of Rs 40,000 per 10 grams to Rs 45,054 per 10 grams. In April 2021, prices rose to Rs 47,051 per 10 grams and continued to rise to Rs 51,999 in April 2022 and to Rs 60,299 in 2023, which was inspired by constant geopolitical uncertainty, especially Russia-Ukraine conflict. Then, in April 2024, gold prices rose rising and helped with strong retail and institutional demand amid global economic instability and it reached Rs 70,511 per 10 grams.
41 percent increase in 12 months
In April 2025, Metal touched an all -time high level of Rs 1,00,000 per 10 grams for the delivery of August at MCX, showing a great increase of 41 percent in 12 months. June contract with the highest trading, reached the highest level of Rs 99,358 per 10 grams on 22 April. Comex Gold Futures crossed the level of $ 3,500 an ounce due to a decline in US dollar, leading to a rise in gold prices. Since March 2024, it has increased by more than 60 percent.
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