Gold continues to be a preferred choice for investors and consumers alike, especially during the festive season. As of October 20, 2025, gold prices have experienced fluctuations due to various global and domestic factors. Here's a comprehensive overview of the current gold rates:
Gold Prices in India
Per Gram Rates
24 Karat Gold (999 purity): ₹13,102
22 Karat Gold (91.6% purity): ₹12,011
18 Karat Gold (75% purity): ₹9,009
Note: Prices may vary slightly across different cities due to local taxes and demand.
Per 10 Gram Rates
24 Karat Gold: ₹1,31,020
22 Karat Gold: ₹1,20,110
18 Karat Gold: ₹90,090
These rates are indicative and subject to change based on market fluctuations.
Gold Prices in Major Cities
Mumbai: ₹1,30,860 for 24K, ₹1,19,950 for 22K
Delhi: ₹1,31,010 for 24K, ₹1,20,100 for 22K
Bengaluru: ₹1,30,860 for 24K, ₹1,19,950 for 22K
Hyderabad: ₹1,30,879 for 24K, ₹1,19,950 for 22K
Chennai: ₹1,30,860 for 24K, ₹1,19,950 for 22K
Prices are per 10 grams and may vary slightly due to local factors.
Global Gold Prices
COMEX (New York): $4,251.00 per ounce
MCX (India): ₹1,30,860 per 10 grams
Spot Price: Approximately ₹13,102 per gram
Note: Global prices are influenced by factors such as the US Dollar strength, geopolitical tensions, and global demand.
Factors Influencing Gold Prices
Several factors contribute to the daily fluctuations in gold prices:
Global Demand and Supply: Increased demand during festive seasons or economic uncertainties can drive prices up.
Currency Fluctuations: A weaker domestic currency can make gold more expensive.
Geopolitical Tensions: Uncertainties can lead to higher demand for gold as a safe-haven asset.
Interest Rates: Lower interest rates can make gold more attractive compared to other investments.
Inflation: Gold is often seen as a hedge against inflation, influencing its demand and price.
Tips for Buying Gold
Compare Prices: Check rates across different cities and dealers to ensure the best price.
Check Purity: Ensure the gold is hallmarked for authenticity.
Consider Timing: Prices can fluctuate; buying during off-peak seasons might save money.
Understand Making Charges: These can add significantly to the cost of jewelry.
Explore Investment Options: Consider gold ETFs or sovereign gold bonds for investment purposes.
FAQs
Q1: Why do gold prices vary across cities?
Gold prices can differ due to local taxes, transportation costs, and demand-supply dynamics in each city.
Q2: What is the difference between 24K and 22K gold?
24K gold is pure gold (99.9% purity), while 22K gold contains 91.6% gold, with the remaining being other metals.
Q3: How often do gold prices change?
Gold prices can change daily based on global and domestic market factors.
Q4: Is it a good time to invest in gold now?
Investment decisions should be based on individual financial goals and market analysis. Consulting with a financial advisor is recommended.
Q5: Can I buy gold online?
Yes, many platforms offer the option to buy gold online, ensuring secure transactions and delivery.
Conclusion
Gold remains a valuable asset for both investment and personal use. As of October 20, 2025, prices have seen fluctuations due to various global and domestic factors. Staying informed about these changes can help in making better purchasing and investment decisions.
Published on : 20th October
Published by : SMITA
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