Gold prices in India have surged sharply this week, marking a significant rise just ahead of the festive season. In the past seven days, 24-carat gold has become ₹3,920 costlier per 10 grams, while 22-carat gold has gained ₹3,600 during the same period. With demand climbing and global market trends adding pressure, domestic prices are hovering near record highs.
In the national capital, Delhi, the current rate of 24-carat gold stands at ₹1,19,550 per 10 grams, whereas 22-carat gold is priced at ₹1,09,600 per 10 grams. Similar trends are visible across other major cities, with prices maintaining a strong upward trajectory.
Mumbai, Chennai, and Kolkata:
22-carat gold: ₹1,08,640 per 10 grams
24-carat gold: ₹1,19,400 per 10 grams
Jaipur, Lucknow, and Chandigarh:
22-carat gold: ₹1,09,600 per 10 grams
24-carat gold: ₹1,19,550 per 10 grams
Bhopal and Ahmedabad:
22-carat gold: ₹1,09,500 per 10 grams
24-carat gold: ₹1,19,450 per 10 grams
Hyderabad:
22-carat gold: ₹1,08,640 per 10 grams
24-carat gold: ₹1,19,400 per 10 grams
These prices highlight how gold rates have become increasingly uniform across India, reflecting a strong domestic and international market connection.
Experts attribute this steady price rally to a combination of domestic and global factors. In India, festive demand is at its seasonal peak as consumers flock to buy gold for Navratri, Dussehra, and Diwali, traditionally considered auspicious times for gold purchases.
Globally, several economic developments have contributed to the price rise:
Expectations of interest rate cuts by the U.S. Federal Reserve have increased gold’s appeal as a safe-haven asset.
The weakness of the U.S. dollar has made gold cheaper for foreign investors, boosting international demand.
Ongoing uncertainty around the U.S. government shutdown has further strengthened investor confidence in precious metals.
Meanwhile, a sluggish domestic stock market has prompted many Indian investors to shift towards gold as a safer investment option.
However, analysts note that the pace of buying has slightly slowed in recent days due to profit booking and a mild recovery in the dollar index.
While gold prices have surged, silver has outperformed the yellow metal in percentage terms. Over the past week, silver prices have climbed ₹6,000 per kilogram, reaching ₹1,55,000 per kg as of October 5, 2025.
In September alone, silver prices jumped nearly 19.4%, compared to a 13% increase in gold during the same period. The rally in silver is supported by both investment and industrial demand, which accounts for nearly 60–70% of its total consumption.
As industries continue to rely on silver for applications in electronics, renewable energy, and automotive production, analysts believe the white metal’s long-term outlook remains positive.
The sharp rise in gold and silver prices offers both opportunities and caution for investors. Those who purchased earlier in the year are likely sitting on healthy gains. However, experts advise new investors to stay alert, as further price corrections could occur if global monetary policies or currency values shift.
For short-term buyers, the festive season may continue to keep prices firm, while long-term investors can consider systematic investment options like Sovereign Gold Bonds (SGBs) or Gold ETFs to benefit from the ongoing uptrend without the hassle of physical storage.
As India steps deeper into its festive season, the glitter of gold and silver is shining brighter than ever. Whether you’re a traditional buyer preparing for Diwali or an investor seeking portfolio stability, this upward trend in precious metals underlines the continued faith in gold and silver as timeless assets.
