Gold Prices Surge Across India
14 October 2025, gold prices across India witnessed a significant surge, marking one of the sharpest single-day increases in recent months. The spike was observed across all purity levels—18K, 22K, and 24K—and in major cities including Mumbai, Delhi, Chennai, Kolkata, and Bengaluru.
City-Wise Gold Rates
According to market data:
- 24K Gold: ₹12,868 per gram (↑ ₹328)
- 22K Gold: ₹11,795 per gram (↑ ₹300)
- 18K Gold: ₹9,651 per gram (↑ ₹246)
In Mumbai, 8 grams of 24K gold cost ₹99,456, while in Delhi, 10 grams of 22K gold reached ₹1,18,100.
What’s Driving the Surge?
Several factors contributed to this price rally:
- Festive Demand: With Dussehra and Diwali around the corner, retail buying has intensified.
- Global Uncertainty: Rising geopolitical tensions and inflation fears have pushed investors toward safe-haven assets like gold.
- Weaker Rupee: The INR depreciated against the USD, making imported gold costlier.
- Strong International Prices: Global gold rates climbed due to increased demand and central bank buying.
Expert Insights
“This surge is not just seasonal—it’s structural,” said bullion analyst Rajesh Mehta. “We’re seeing a shift in investor sentiment. Gold is now being viewed as a hedge against both inflation and currency volatility.”
Retailers across India reported a 20–30% increase in footfall compared to last week. Online platforms like Tanishq and Kalyan Jewellers also saw a spike in digital purchases.
Comparison
Gold prices have been on a steady rise since early October:
| Date | 24K Gold (₹/10g) | 22K Gold (₹/10g) |
|---|---|---|
| 01 Oct | ₹115,870 | ₹110,200 |
| 09 Oct | ₹123,377 | ₹117,900 |
| 14 Oct | ₹128,830 | ₹118,100 |
International Market Trends
Globally, gold traded at $1,982 per ounce, up 1.2% from the previous day. The US Federal Reserve’s dovish stance and rising tensions in the Middle East have contributed to bullish sentiment.
Impact on Import & Trade
India, being the second-largest consumer of gold, imports most of its gold. The rising prices have led to:
- Higher import bills
- Pressure on current account deficit
- Increased customs duty revenue
Investment Outlook
Financial advisors suggest staggered buying and SIPs in gold ETFs. “Don’t rush to buy in bulk. Use dips to accumulate,” said Anjali Deshmukh, a wealth advisor at Kotak Securities.
Retail Sentiment
Goldsmiths in Zaveri Bazaar, Mumbai, reported brisk business. “We haven’t seen this kind of rush since pre-COVID Diwali,” said Manoj Jain, a third-generation jeweller.
Conclusion
Gold continues to be a resilient asset class in India. With festive demand peaking and global cues supporting the rally, prices may remain elevated in the short term. However, investors are advised to stay cautious and diversify their portfolios.
