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Gold prices in India surged amid the reimposed 25% US import duty. October futures rose to ₹101,070 per 10g on MCX. Over 20 years, gold delivered a 1200% return. Prices vary across cities, with Chennai highest. Experts predict further gains if global uncertainties persist, making gold a preferred safe-haven asset.
Why you should keep investing in gold? (Image Source: Internet)
New Delhi: The 25% additional import duty (tariff) imposed on India by former US President Donald Trump has come into effect from Wednesday, 27 August 2025. Amid this development, gold prices have seen a rise in the domestic market.
Latest gold and silver prices in the market
On the Multi Commodity Exchange (MCX), the price of gold's October month futures contract has increased by 0.44% and was trading at ₹ 101,070 per 10 grams. At the same time, the price of silver in September fell by 0.46% to ₹ 115,774 per kg.
Gold has given great returns in the last 20 years
According to the records, gold has proved to be an excellent investment option in the last two decades. In the year 2005, gold was at the level of around ₹ 7,638 per 10 grams, which increased to over ₹ 100,000 by June 2025.
Thus, gold prices have seen an unprecedented jump of about 1200% during this period. This means that gold has given an average annual return of about 31% every year, which is much more than the stock market and other investments this year. Silver has also given a return of about 669% during the same period.
Gold became ₹ 5,800 expensive in August
Gold prices in major cities across the country
According to Indian Bullion, 24-carat gold was selling at ₹ 101,270 per 10 grams in the country today, while the price of 22-carat gold was ₹ 92,831. The prices of 24-carat gold in different cities were as follows:
Delhi: ₹100,910
Mumbai: ₹1,01,090
Kolkata: ₹1,00,950
Bengaluru: ₹1,01,170
Hyderabad: ₹1,01,250
Chennai: ₹1,01,380
Future Prospects
Experts believe that if geopolitical tensions and economic uncertainty persist at the global level, then gold prices may increase further in the coming days. In such times, investors see gold as a safe haven.
However, if the global situation improves and tensions ease, investors may move their money out of gold and into other riskier investment options (such as the stock market), which may put pressure on gold prices.
Stay tuned to Dynamite News for further update on investment.
