Gold Price Surges by ₹4,160 in 3 Days!
The price of gold has seen a steep increase over the past few days, causing surprise among buyers in Tamil Nadu. On April 11, the price of 22-carat gold surged by ₹1,480 per sovereign in Madurai and Coimbatore, reaching ₹69,960 per sovereign (8 grams) and ₹8,745 per gram.
This sharp increase means gold has risen by a total of ₹4,160 per sovereign in just three days – a significant jump that`s left consumers and jewelers alike stunned.
Today alone, gold prices rose twice, pushing rates to record levels. Meanwhile, silver prices also increased slightly by ₹1 and are now at ₹108 per gram.
24-Carat & 18-Carat Gold Rates (April 11):
24-carat gold: ₹9,339 per gram | ₹74,712 per sovereign
18-carat gold: ₹7,091 per gram | ₹56,728 per sovereign
Why the Sudden Spike?
Gold prices are influenced by global economic trends. The ongoing international conflicts, rising inflation, economic slowdowns, and changes in U.S. leadership, including former President Trump`s return to the spotlight, have all contributed to market uncertainty prompting investors to shift towards gold.
Interestingly, despite predictions from U.S. stock market analyst John Mills that gold prices could drop by 38%, the recent trend has gone in the opposite direction.
Gold Price Trend – April 2025 (Sovereign Rates):
- April 11: ₹69,960
- April 10: ₹68,480
- April 9: ₹66,300 (morning), ₹67,260 (afternoon)
- April 8: ₹65,800
- April 7: ₹66,280
- April 6 (Sunday): ₹66,480 (unchanged due to market holiday)
- April 5: ₹66,480
- April 4: ₹67,200
- April 3: ₹68,480
- April 2 & 1: ₹68,080
Conclusion:
With international market volatility and high demand driving up prices, gold rates are expected to remain unstable in the coming weeks. Consumers are advised to monitor trends closely before making investment or purchase decisions.
