Gold prices in India continued their upward trend on October 7, 2025, as investors flocked toward the precious metal amid global economic uncertainty and a weaker rupee. With festive demand also kicking in ahead of Dussehra and Diwali, gold has become the center of attention for both investors and jewellery buyers.
📊 Gold Rates in Major Indian Cities (as of October 7, 2025)
| City | 24 Carat (₹/g) | 22 Carat (₹/g) | 18 Carat (₹/g) |
|---|---|---|---|
| Chennai | ₹12,218 | ₹11,200 | ₹9,150 |
| Mumbai | ₹12,150 | ₹11,100 | ₹9,125 |
| Delhi | ₹12,170 | ₹11,120 | ₹9,140 |
| Kolkata | ₹12,160 | ₹11,115 | ₹9,130 |
| Bengaluru | ₹12,140 | ₹11,090 | ₹9,110 |
| Hyderabad | ₹12,150 | ₹11,100 | ₹9,125 |
| Pune | ₹12,145 | ₹11,095 | ₹9,120 |
Note: Prices may vary depending on local jewellers, making charges, and GST.
🌍 Why Gold Prices Are Rising
Global Economic Uncertainty
Ongoing geopolitical tensions and global market volatility have pushed investors toward safe-haven assets like gold.
US Government Shutdown Concerns
Uncertainty in the US economy has weakened the dollar, making gold more attractive internationally.
Festive Season Demand
With Navratri and Diwali around the corner, physical gold demand in India has seen a sharp rise.
Strong Central Bank Buying
Countries like China have been increasing gold reserves, pushing global demand and prices higher.
💡 What It Means for Investors
Short-term traders may see volatility as prices hover near record highs.
Long-term investors can consider small, staggered purchases through SGBs (Sovereign Gold Bonds) or ETFs to hedge against inflation.
Jewellery buyers should compare making charges and purity certifications (BIS hallmark) before purchase.
💬 Expert Insight
“Gold prices are likely to remain firm in the coming weeks as investors look for safety amid global uncertainty. However, corrections may occur if US economic data improves,” — said a commodity analyst from a leading brokerage.
🔢 Gold Futures and International Trends
MCX Gold Futures: ₹1,20,900 per 10 grams — an all-time high.
Global Spot Price: Hovering around $2,500 per ounce, supported by geopolitical risks and slower US growth outlook.
🪙 Silver Prices Today
Silver also saw an uptick, trading around ₹142,000 per kg across major Indian cities. The demand for silver jewelry and industrial usage has strengthened in recent months.
FAQ:
1. Why are gold prices increasing in India now?
Due to global market instability, festive demand, and central bank purchases.
2. Is this a good time to buy gold?
Yes, for long-term investors, gold remains a safe investment. However, buying in tranches is advisable.
3. Which city has the highest gold rate today?
Chennai recorded the highest rate for 24K gold at ₹12,218 per gram.
4. What’s the difference between 22K and 24K gold?
22K is commonly used in jewellery (91.6% purity), while 24K is pure gold (99.9%), mostly used for investment.
5. Can gold prices fall soon?
Short-term corrections are possible depending on global interest rates and dollar movement.
Published on : 7th October
Published by : SMITA
www.vizzve.com || www.vizzveservices.com
Follow us on social media: Facebook || Linkedin || Instagram
🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed
https://play.google.com/store/apps/details?id=com.vizzve_micro_seva&pcampaignid=web_share