The last comparable rally occurred in 2020, though it was short-lived. Interestingly, on April 22, 2020, gold was priced around $1,700, almost the same level it was in October 2022.
Gold prices in India have soared, nearing the Rs 1 lakh mark per 10 grams in the spot market, driven by strong global trends and festive demand ahead of Akshaya Tritiya. Since the start of 2025, gold has been on a record-breaking run, climbing 23 percent so far this year. Over the past year alone, it has delivered an impressive 50 percent return.
What라이브 바카라 even more striking is the long-term rally — gold prices have doubled in under three years. On October 10, 2022, the price of gold stood at $1,704 per ounce. As of April 22, 2025, that figure has surged to $3,470.
The last comparable rally occurred in 2020, though it was short-lived. Interestingly, on April 22, 2020, gold was priced around $1,700, almost the same level it was in October 2022.
Another notable uptrend was seen between September 2018 and September 2020, when gold climbed from $1,200 to $2,000 per ounce — a significant jump, though not a full doubling in value.
In India, the spot gold rate today is Rs 99,000 per ten gram, up by 100 percent from Rs 50,000 last seen in July 2022.
On the Multi Commodity Exchange (MCX), the October contract surpassed the Rs 1 lakh barrier for the first time, rising by Rs 1,666 or 1.69% to a new high of Rs 1,00,500 per 10 grams on the exchange.
Gold is finding enough reasons to keep its trajectory upwards. The most recent concern is about US President Donald Trump라이브 바카라 criticism of Federal Reserve Chair Jerome Powell, which has dampened risk sentiment and driven investors to safe-haven bullion.
Before that, a series of factors have led gold prices to keep increasing over the last 2-3 years. The reasons for gold being the only asset class where investors wish to safely deposit their money are numerous and include geopolitical worries, trade disputes sparked by Trump라이브 바카라 tariffs, the dollar라이브 바카라 decline in value, and a sell-off in US Treasuries. Gold is viewed as a safe-haven asset amid economic uncertainties.