Gold Rate Today: Gold Hits Fresh Record, Silver Shines Bright; Check Latest Prices in Your City Before Buying
Gold Rate Today: Gold Hits Fresh Record, Silver Shines Bright; Check Latest Prices in Your City Before Buying
24-carat gold crosses ₹1.08 lakh per 10 grams; silver touches ₹1.24 lakh per kg as global and domestic factors drive surge.
Gold and silver prices in India have once again reached historic highs, setting fresh records amid strong global demand, currency fluctuations, and ongoing economic uncertainty. According to the India Bullion and Jewellers Association (IBJA), as of Tuesday morning, 24-carat gold was priced at ₹1,08,037 per 10 grams, while silver reached ₹1,24,413 per kilogram.
Latest Gold Prices (per 10 grams)
- 24-carat gold: ₹1,08,037
- 23-carat gold: ₹1,07,604
- 22-carat gold: ₹98,962
- 18-carat gold: ₹87,028
- 14-carat gold: ₹63,202
While 24-carat gold is considered the purest form, it is generally not used for making jewellery. Instead, jewellery is crafted in 18–22 carat, balancing purity with durability. Buyers are strongly advised to ensure they purchase only hallmarked jewellery that carries the BIS logo, purity grade, and HUID code, as hallmarking has been mandatory in India since July 2021.
Factors Behind Rising Gold Prices
Gold prices in India are influenced by a combination of global and domestic factors. Some of the key drivers include:
- Global market trends and international spot price
- Strength of the US dollar (as gold is traded in USD)
- Import costs and government duties
- Interest rates on bank deposits (higher rates often reduce gold’s appeal)
- Inflation and economic stability (gold acts as a hedge against inflation)
- Cultural demand during festivals and weddings
- Geopolitical tensions and central bank accumulation of gold
With inflationary pressures rising and global monetary policies remaining dovish, demand for safe-haven assets like gold has surged. The rupee’s performance against the dollar also plays a critical role, as a weaker rupee makes gold imports costlier.
Market Outlook
Gold prices in India have already risen by nearly 38% so far in 2025, following a 27% gain in 2024. Analysts attribute this rally to continued central bank buying, weakening of the US dollar, and heightened geopolitical uncertainty. Silver, too, has mirrored this momentum, supported by both industrial demand and investor interest.
Despite short-term corrections, the overall trend for precious metals remains bullish, with experts suggesting that global uncertainty and inflationary concerns will keep demand strong in the near future.
