Gold Surges to Record Highs, 22 & 24 Carat Prices in Delhi, Mumbai, Pune, and Other Cities

On October 18, 2025, gold and silver prices experienced a slight dip globally due to profit-booking after weeks of consistent gains. In Mumbai, 24-carat gold was priced at Rs 1,32,780 per 10 grams, while 22-carat gold stood at Rs 1,21,710 per 10 grams. Silver was available at Rs 1,84,900 per kilogram. These rates exclude GST and making charges, and reflect local variations across cities.

The minor correction comes amid a strong upward trend in precious metals, driven by global trade tensions and expectations of US interest rate cuts. Investors have been flocking to gold and silver as safe-haven assets, boosting demand. The fluctuations highlight the importance of monitoring daily rates, especially during festive seasons like Dhanteras when buying activity peaks across India.
 

Dhanteras 2025: Gold Surges to Record Highs

As India celebrates Dhanteras 2025, gold continues to reward investors who purchased the metal last year. Prices have risen more than 50% in 2025 alone, reaching record highs above Rs 1,30,000 per 10 grams. Factors contributing to this surge include strong domestic demand, safe-haven purchases, central bank buying, rupee depreciation, and speculation on future interest rate cuts by the US Federal Reserve.

Globally, spot gold prices briefly touched $4,300 per ounce on Thursday, marking a 7.6% gain for the week amid renewed US-China trade tensions. On Friday, prices eased to $4,213 per ounce due to profit-booking, reflecting the volatile nature of global precious metals markets.

Gold Rates Across Major Indian Cities on October 18, 2025
 

City	22K Gold (per 10 gm)	24K Gold (per 10 gm)
Delhi	Rs 1,21,860	Rs 1,32,930
Jaipur	Rs 1,21,860	Rs 1,32,930
Ahmedabad	Rs 1,21,760	Rs 1,32,830
Pune	Rs 1,21,710	Rs 1,32,780
Mumbai	Rs 1,21,710	Rs 1,32,780
Hyderabad	Rs 1,21,710	Rs 1,32,780
Chennai	Rs 1,21,710	Rs 1,32,780
Bengaluru	Rs 1,21,710	Rs 1,32,780
Kolkata	Rs 1,21,710	Rs 1,32,780

These rates vary across cities due to local taxes, making charges, and logistics costs. Buyers should consider these differences when planning purchases.
 

Silver Outlook: Expected Surge in Prices
 

Silver prices are also showing strong growth potential. According to Emkay Wealth Management, silver may rise by around 20% over the next year, potentially reaching $60 per ounce. The bullish forecast is driven by increasing industrial demand and a persistent supply deficit of nearly 20%, which is expected to continue. Historically, gold and silver have provided stable returns, often outperforming traditional investments such as bonds.

Factors Influencing Gold Prices in India

Gold prices in India are affected by global market trends, import duties, taxes, and fluctuations in the rupee-dollar exchange rate. Macroeconomic indicators such as inflation, interest rate changes, and geopolitical developments also play key roles. Domestic demand during festivals and weddings further drives price fluctuations, making it important for investors and buyers to track daily changes closely.

Cultural and Financial Significance of Gold in India
 

Gold holds deep cultural and financial significance in India. It is a symbol of wealth, prosperity, and security, especially during festivals like Dhanteras. Beyond tradition, gold serves as a stable investment, offering long-term returns and protection against inflation. Its dual value as a cultural asset and financial instrument makes it one of the most preferred choices among Indian investors.

Investment Strategies and Tips for Dhanteras 2025
 

Investors looking to buy gold on Dhanteras should consider both market trends and financial goals. Diversifying purchases across physical gold, digital gold, and gold ETFs can help reduce risk. Monitoring international trends, local rates, GST, and making charges ensures better timing for investments. For silver, tracking industrial demand and supply constraints can guide effective buying decisions. Gradual accumulation rather than bulk purchases can mitigate exposure to market volatility.

 

Looking Ahead: Gold and Silver Trends for Investors
 

Dhanteras 2025 underscores the dual importance of precious metals as both cultural symbols and investment assets. Prices reaching all-time highs reflect strong demand and global market influences, reinforcing gold’s role as a safe-haven investment. Investors should stay informed, track market trends, and plan purchases wisely to maximize returns while benefiting from India’s traditional buying seasons.