Gold prices in India are seeing some stability today, October 24, 2025, after a period of fluctuation influenced by the recent festive season and global economic factors. Here's a look at the current rates for 22K and 24K gold in major cities across the country:
Current Gold Rates in Major Cities:
- Delhi: The price of 24-carat gold in Delhi is ₹1,26,053 per 10 grams, while 22-carat gold is trading at ₹1,15,563 per 10 grams.
- Mumbai: In Mumbai, 24-carat gold is priced at ₹1,25,907 per 10 grams, and 22-carat gold is at ₹1,15,417 per 10 grams.
- Chennai: Chennai sees the highest rates among the metro cities, with 24-carat gold at ₹1,25,901 per 10 grams and 22-carat gold at ₹1,15,411 per 10 grams.
- Kolkata: The gold rate in Kolkata is ₹1,25,905 for 24-carat and ₹1,15,415 for 22-carat per 10 grams.
- Bangalore: In Bangalore, 24-carat gold is ₹1,25,895 per 10 grams, while 22-carat gold is ₹1,15,405 per 10 grams.
These rates are approximate and may vary slightly depending on the jeweler.
Factors Influencing Gold Prices:
Several factors influence gold prices in India, including:
- Global Market Trends: Gold prices are significantly impacted by international market trends, currency exchange rates, and global demand. India relies heavily on gold imports, making it susceptible to international price movements.
- Rupee-Dollar Exchange Rate: The exchange rate between the Indian Rupee and the US Dollar plays a crucial role. A weaker Rupee against the Dollar increases the cost of importing gold, leading to higher prices.
- Seasonal Demand: Demand for gold in India is closely linked to cultural events, religion, traditions, and the desire for financial security. The wedding season and festivals like Diwali often see increased demand, which can push prices higher.
- Inflation: Gold is often considered a hedge against inflation. When inflation rises, the value of currency decreases, and people tend to invest in gold, driving up its price.
- Geopolitical Factors: Global uncertainties, such as geopolitical tensions and stock market volatility, can also increase demand for gold as a safe-haven asset, further influencing prices.
- Import Duties and Taxes: Government policies, including import duties and the Goods and Services Tax (GST), levied on imported gold, affect prices in the local market.
Recent Trends and Analysis:
After a furious rally, gold prices experienced a notable dip earlier this week, partly attributed to positive trade talks between China and the US, a stronger dollar, and uncertainty in investor positioning. The end of the festive season buying spree in India also contributed to this decrease.
Gold as an Investment:
Gold continues to be a popular investment choice in India, often seen as a safe store of value and a hedge against inflation. Indians often consider gold vital for important life events and wealth preservation. Investment options include physical gold (bars, coins, and jewelry), Exchange Traded Funds (ETFs), and sovereign gold bonds.
