Gold Hits All-Time High of ₹94,000 as Trump Freezes Global Tariffs; Silver Surges ₹2,300 in a Day

Jaipur, April 10 In a dramatic turn of events following US President Donald Trump’s announcement to pause global reciprocal tariffs for 90 days, gold prices have skyrocketed to an all-time high of ₹94,000 per 10 grams, setting off a new wave of bullish sentiment across bullion markets. Silver has also surged ₹2,300 in a single day, reaching ₹95,500 per kg, reigniting investor enthusiasm and pushing traders into a frenzy.

What Triggered the Price Surge?

According to Sarafa trader Sushil Jain, the ongoing uncertainty due to global tariff tensions had kept the market volatile. The moment Trump delayed the tariffs, markets across the world responded positively — and precious metals were among the biggest gainers.

“Gold prices shattered all previous records within hours of the announcement,” said Jain. “Silver, too, has followed suit and may soon surpass previous highs if this trend continues.”

Jaipur Bullion Market Rates (April 10, 2025)

As per Jaipur Sarafa Committee, the latest gold and silver rates are as follows:

• 24K Gold (10g): ₹94,000

• 22K Gold (10g): ₹87,700

• 18K Gold (10g): ₹75,800

• 14K Gold (10g): ₹62,400

• Refined Silver (1kg): ₹95,500

The speed at which the standard gold breached the ₹94,000 mark has stunned even seasoned market observers. Analysts believe this is just the beginning of a broader commodities rally, with investors hedging against macroeconomic uncertainty.

Outlook: Can Gold Cross ₹95,000?

Given the current momentum, bullion experts suggest that gold could easily breach the ₹95,000 barrier in the coming days if global markets remain volatile and safe-haven demand continues to surge.

Silver, riding on industrial demand and safe-haven appeal, may set new all-time highs, especially if global trade tensions ease while inflation risks remain.