Current Gold Prices in India
As of October 12, 2025, the price of 24-carat gold in India remains stable at ₹1,25,080 per 10 grams, holding steady compared to the previous day. The popular 22-carat gold, commonly used in jewelry, is trading at ₹1,14,650 per 10 grams. After a period of steady increase, gold prices have now plateaued, though minor fluctuations were observed over recent weeks. For instance, on October 5, the price of 24-carat gold stood at ₹11,940 per gram.
Silver Market Update
Silver continues to attract both investors and jewelry enthusiasts, currently priced around ₹180,000 per kilogram. Similar to gold, silver rates are influenced by international market trends, industrial demand, and seasonal spikes due to festivals and weddings across India.
Gold Prices Across Major Indian Cities
Gold rates can vary slightly depending on the location. On October 12, 2025, prices in key metropolitan areas were as follows:
| City | 24 Carat (₹/g) | 22 Carat (₹/g) | 18 Carat (₹/g) |
|---|---|---|---|
| Delhi | 12,523 | 11,480 | 9,396 |
| Mumbai | 12,508 | 11,465 | 9,381 |
| Chennai | 12,546 | 11,500 | 9,500 |
| Kolkata | 12,508 | 11,465 | 9,381 |
| Bengaluru | 12,508 | 11,465 | 9,381 |
| Hyderabad | 12,508 | 11,465 | 9,381 |
| Thiruvananthapuram | 12,508 | 11,465 | 9,381 |
Key Drivers Influencing Gold and Silver Prices
Several factors shape the trajectory of precious metal prices in India:
- Global Market Dynamics: International supply and demand, investor sentiment, and geopolitical developments heavily impact metal prices. Typically, economic uncertainty or political tensions drive prices upward.
- Currency Exchange Rates: A depreciating Indian Rupee against the U.S. Dollar makes imports costlier, pushing domestic gold and silver prices higher.
- Domestic Demand: Cultural and social events such as Dhanteras, Diwali, and the wedding season substantially increase demand, influencing price movements.
- Monetary Policies: The Reserve Bank of India’s stance on interest rates, inflation management, and foreign exchange reserves plays a crucial role in market stability.
Buying Guide: Tips for Purchasing Gold and Silver
When investing in precious metals, consider these essential guidelines to make informed and secure purchases:
- Check for BIS Hallmark: Always ensure the jewelry or metal is certified for authenticity and purity by the Bureau of Indian Standards.
- Compare Prices: Visit multiple dealers or jewelers to get the best rate.
- Documentation: Insist on proper bills and weight certificates for transparency.
- Monitor Market Trends: Keep an eye on daily price fluctuations and currency trends to identify the best buying windows.
Understanding market patterns and seasonal demand cycles can help investors and buyers optimize their purchases, whether for investment, gifting, or personal use during festivals and weddings.
