Lagatar24 Desk
Ranchi: Gold prices in India are witnessing an unprecedented surge, with rates climbing past the ₹1 lakh mark per 10 grams including GST and making charges — marking a historic milestone for the precious metal.
Gold Breaks Record on MCX
On Tuesday, gold futures for June 5 expiry opened at ₹98,551 on the Multi Commodity Exchange (MCX), quickly rising to ₹99,280 per 10 grams — the highest level recorded so far. This meteoric rise is being attributed to volatility in international markets and a weakening US dollar.
Massive ₹6,000 Surge in Just 6 Days
In just six trading sessions, gold has jumped nearly ₹6,000. On April 14, gold was priced at ₹93,252 per 10 grams, and by April 22, it soared to ₹99,178 — a gain of ₹5,926.
Factoring in 3% GST and making charges, the effective price has now breached the ₹1 lakh mark, putting further strain on consumers ahead of the wedding season.
Ranchi Gold Rates
In Jharkhand’s capital Ranchi:
22-carat gold is priced at ₹9,125 per gram or ₹91,250 per 10 grams 24-carat gold stands at ₹9,581 per gram or ₹95,810 per 10 grams
These rates exclude GST and making charges, meaning final retail prices could easily cross ₹1,00,000 per 10 grams.
Global Markets Also at Record High
Gold is not just soaring in India. Internationally, prices have hit a new high of $3,475 per ounce, reflecting global investor interest in safe-haven assets amid geopolitical tensions and economic uncertainties.
