GUWAHATI: Guwahati witnessed a record surge in gold prices on Wednesday, April 2, with 24-carat gold crossing ₹94,000 per 10 gram, while 22-carat gold was priced at ₹86,900 per 10 gram. The spike comes as gold prices in India and globally continue to rise, driven by economic uncertainties, geopolitical tensions, and investor sentiment.
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The yellow metal has recently been on an upward trajectory, reaching new highs amid concerns over US President Donald Trump’s upcoming tariff announcement under the "Liberation Day" plan. This anticipation of immediate economic implications has pushed investors toward safe-haven assets like gold, which has led to the surge in demand.
According to experts, the ongoing rally has also been fueled by rising inflation, global economic slowdown fears, and currency fluctuations. According to reports, Kishore Narne, Director & Head of Commodities at Motilal Oswal Financial Services, suggested that there is no upper limit to gold’s price growth, with estimates ranging between $4,000 and $4,500 per ounce in the near future.
The price of gold has surged across major cities of India, let alone Guwahati. On April 2, it stood at ₹89,180 per 10 grams in Mumbai. Delhi, Chennai, Kolkata, Hyderabad, and Bengaluru also reported similar increases. The MCX gold rate remained at ₹91,232 per 10 grams, reflecting strong demand.
Analysts have predicted that as central banks worldwide continue diversifying their reserves into gold, prices will remain high, with any dips seen as buying opportunities.
Along with gold, silver prices have also seen an upward trend.
