City-wise rates and market trends
Gold and silver prices climbed in early trade as festive demand and global uncertainty pushed investors toward safe-haven assets, with 24-carat gold at ₹1,28,360 per 10 grams.
Gold prices in India saw a modest rise on Wednesday, mirroring an uptick in international markets as renewed US-China trade tensions and expectations of further US interest rate cuts bolstered demand for safe-haven assets. According to data from GoodReturns, ten grams of 24-carat gold traded at ₹1,28,360 after gaining ₹10 in early trade, while silver prices increased by ₹100 to ₹1,89,100 per kilogram.
Gold price today in India
The price of 24-carat gold rose marginally, with ten grams selling at ₹1,28,360 in Mumbai and Kolkata, while in Chennai it reached ₹1,29,010. In the national capital, Delhi, ten grams of 24-carat gold was priced slightly higher at ₹1,28,510.
Similarly, 22-carat gold also saw a ₹10 increase, bringing the rate to ₹1,17,660 per ten grams in Mumbai, Kolkata, Bengaluru, and Hyderabad. Chennai recorded a slightly higher price of ₹1,18,260, while in Delhi, the same quantity stood at ₹1,17,810.
Jewellery traders attributed the slight gain to festive-season buying and fluctuations in the dollar-rupee exchange rate.
Gold prices in major cities (October 15, 2025)
| City | 24 K | 22 K | 18 K |
| Delhi | ₹12,851 | ₹11,781 | ₹9,647 |
| Mumbai | ₹12,836 | ₹11,766 | ₹9,627 |
| Chennai | ₹12,901 | ₹11,826 | ₹9,771 |
| Kolkata | ₹12,836 | ₹11,766 | ₹9,627 |
| Bengaluru | ₹12,836 | ₹11,766 | ₹9,627 |
| Hyderabad | ₹12,836 | ₹11,766 | ₹9,627 |
| Thiruvananthapuram | ₹12,836 | ₹11,766 | ₹9,627 |
Silver price today in India
Silver mirrored gold’s upward trajectory, with domestic prices climbing ₹100 to ₹1,89,100 per kilogram in Delhi, Mumbai, and Kolkata. Chennai continued to record the highest silver price, at ₹2,06,100 per kilogram.
In the international market, spot silver advanced 0.8 per cent to $51.83 per ounce after hitting a record high of $53.60 on Tuesday, driven by tightening supply and robust investor demand.
Global market momentum supports precious metals
On the global stage, spot gold was trading 0.4 per cent higher at $4,155.99 per ounce as of 0032 GMT, while US gold futures for December delivery climbed 0.3 per cent to $4,174.30. The rise followed a fresh wave of trade tensions between Washington and Beijing, prompting investors to shift towards safe-haven assets.
Platinum slipped marginally by 0.1 per cent to $1,635.90, while palladium remained steady at $1,526.45 per ounce. Analysts said the broader rally in gold and silver reflects uncertainty in financial markets and expectations of monetary easing by the US Federal Reserve.
What’s driving the market
Market experts identified several key factors influencing the recent surge in precious metal prices:
- Shifting global investor sentiment and volatility in equity markets
- Currency movements, particularly the USD–INR exchange rate
- Seasonal demand for gold and silver during India’s festival and wedding season
- Global macroeconomic indicators, including inflation and interest rate trends
Financial analysts urged investors and bulk buyers to monitor these developments closely before making new purchases.
Expert advice for buyers
For those planning to buy jewellery, coins, or bars, financial advisors recommend:
- Verifying BIS Hallmark certification to ensure authenticity
- Comparing rates across multiple jewellers before purchase
- Requesting proper billing and weight documentation
- Tracking daily price movements to capitalise on short-term dips
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