Market Performance
Gold prices have reached unprecedented levels in 2025. As of April 22, the yellow metal has appreciated by 23% since the beginning of the year and gained 50% over the past 12 months. Remarkably, the price of gold has doubled—rising 100%—in less than three years.
Back on October 10, 2022, gold was priced at $1,704 per ounce. By April 22, 2025, it had risen to $3,470 per ounce, reflecting a 100% increase in under two years and six months. This marks a significant rally, comparable only to the brief spike witnessed in 2020.
In India, the spot gold price currently stands at ₹99,000 per 10 grams, up from ₹50,000 in July 2022. On the Multi Commodity Exchange (MCX), gold for the October contract crossed the ₹1 lakh milestone for the first time, increasing by ₹1,666 or 1.69% to ₹1,00,500 per 10 grams. On April 22, the MCX spot price was ₹98,874, reaching an intraday high of ₹99,358.
Main News
The recent surge in gold prices is attributed to a combination of geopolitical tensions and economic uncertainties. A notable factor includes US President Donald Trump’s public criticism of Federal Reserve Chair Jerome Powell. This has dampened investor confidence and heightened the appeal of gold as a secure asset.
Several developments over the past few years have contributed to the steady upward movement in gold prices. These include rising geopolitical risks, trade conflicts, depreciation of the US dollar, and a consistent sell-off in US Treasuries. Together, these elements have strengthened gold’s position as a preferred safe-haven investment.
Company Details
In addition to macroeconomic factors, central bank activity has supported the rise in gold prices. China has notably increased its gold holdings, purchasing 12.8 tons in the first quarter of 2025. The country’s overall foreign reserves also rose by 2.3% to reach US$3.5 trillion between January and March 2025, further underscoring its continued interest in gold accumulation.
Summary
Gold prices have reached record highs in 2025, doubling in less than three years due to a combination of global economic concerns, trade disputes, currency depreciation, and central bank acquisitions. The metal continues to be favored as a store of value amid persistent uncertainties in the global landscape.
Stay updated with all the insights.
Navigate news, 1 email day.
Subscribe to Qrius
