Gold prices hit another lifetime high ahead of Marathi New Year Gudi Padwa 2025; MCX gold up 1.17% this week, check details

Domestic gold prices on Friday, March 29 jumped ₹1,100 to touch a new all-time high of ₹92,150 per 10 gm (24K, 99.9% purity) in the national capital amid the rise of gold rates in international markets, according to the All India Sarafa Association. Gold prices ended at ₹91,050 per 10 gm on Thursday.

On March 19, gold prices hit the previous lifetime high of ₹91,950 per 10 gm.

Rising for the third session straight, gold of 99.5% purity (22K) jumped to ₹91,700 per 10 gm after ending at ₹90,600 per 10 gm on Thursday.

Silver prices on Friday ended ₹1,300 higher at ₹1,03,000 per kg as against Thursday’s closing rate of ₹1,01,700 per kg.

Gudi Padwa 2025

Gudi Padwa, also known as Samvatsar Padvo, is a major festival considered to be the New Year for Maharashtrians and Konkanis. This year, Gudi Padwa falls on March 30, marking the start of Marathi Shaka Samvat 1947.

Gudi Padwa is a key occasion for buying gold as it depicts a new beginning filled with positivity. It is celebrated with prayers, amazing food, spending time with family and preparing for the new year. Usually, festivals like Gudi Padwa lead to stronger demand for the precious metal as people are keen to invest in the yellow metal on auspicious festivals. However, with gold prices touching record highs, gold demand could be muted, market experts suggest.

Gold rates this week

Multi Commodity Exchange (MCX) gold futures ended at ₹88,806 per 10 gm on Friday, jumping 1.17% from the previous week’s close of ₹87,778 per 10 gm. Globally, spot gold jumped to a record high of $3,086.08 per ounce on Friday and Comex gold futures hit another peak of $3,124.40 per ounce.

Gold rates in India have soared to a lifetime high with rising geopolitical tensions, trade war fears, inflation concerns, market volatility, currency fluctuations and strong investor demand. In FY25 (2024-25), gold prices have jumped 35%, rising by ₹23,730 as compared to ₹68,420 per 10 grams on April 1 last year, a Live Mint report noted. Gold prices have jumped over 8% just in March 2025.

As per experts, gold prices are being fueled further with US President Donald Trump’s April 2 reciprocal tariffs approaching, expected to be imposed across all trade deals.