October 18, 2025 | Mumbai: On the auspicious day of Dhanteras, gold and silver prices in India have surged to record highs, reflecting strong investor demand and global safe-haven sentiment. The gold price silver price trend continues to favor precious metals, even after a slight pullback in international markets due to easing concerns over US-China tariff tensions.
Gold Price Today Sees Fresh Peaks Across India
The today gold rate across major cities in India has touched new highs, with 24-carat gold reaching ₹1,27,320 per 10 grams on the Multi Commodity Exchange (MCX). In the retail market, the today gold price in Delhi was reported at ₹1,27,100 per 10 grams, while Kolkata recorded a rate of ₹1,27,150 per 10 grams.
In Chennai, the gold rate today stood at ₹1,27,690 per 10 grams, the highest among metro cities, driven by festive buying ahead of Dhanteras. Meanwhile, Mumbai and Bengaluru maintained similar levels at ₹1,27,320 per 10 grams.
The consistent rise in the gold price today Kolkata, Delhi, and other cities shows how demand remains robust despite a temporary global correction. According to the Indian Bullion Association (IBA), 22-carat gold prices are at ₹1,16,710 per 10 grams, reflecting strong retail interest across jewellers like Tanishq and other major brands.
Silver Prices Rally Above ₹1.57 Lakh Per Kg
Parallel to gold, the silver price has surged above the ₹1.57 lakh per kg mark, continuing its strong performance from the past few weeks. As of October 18, the MCX silver rate in Mumbai, Delhi, and Chennai was reported at ₹1,57,300 per kilogram.
The silver rate today in Chennai was slightly higher at ₹1,57,760 per kg, followed by Hyderabad at ₹1,57,550 per kg. Experts say the continued rise in silver price reflects increased industrial demand, particularly from the renewable energy and electronics sectors, in addition to festive season jewellery purchases.
Gold and Silver: Safe Haven in Volatile Markets
Despite a brief 2% decline in global spot gold on October 17—following comments by former US President Donald Trump on trade tariffs—both gold and silver remain among 2025’s best-performing asset classes.
Over the last 20 years, gold prices have increased over 1,200%, climbing from ₹7,638 per 10 grams in 2005 to ₹1,00,000+ in 2025. The goldprice trend continues to outperform equities, offering a dependable hedge against inflation and market uncertainty.
Silver has also remained resilient, gaining over 660% during the same period, with prices holding firm above ₹1 lakh/kg for several months. Analysts note that with rising geopolitical risks and steady inflation, investors are turning to precious metals as a safer alternative.
Dhanteras Demand Boosts Tanishq and Jewellery Sales
As Dhanteras marks one of India’s biggest gold-buying occasions, jewellery brands like Tanishq, Kalyan Jewellers, and Malabar Gold are witnessing increased footfall and digital purchases. Industry insiders expect a 15–20% rise in gold sales this festive season compared to 2024, thanks to pent-up demand and rising disposable income.
Retailers also note a shift toward lightweight designs and hallmarked gold purchases, with younger buyers showing growing interest in investment-grade gold coins and digital gold.
Global Cues and Local Outlook
Globally, spot gold traded at $4,211.48 per ounce after reaching an all-time high of $4,378.69, while US gold futures for December settled at $4,213.30 per ounce. The temporary decline was attributed to profit-booking and easing trade war fears.
However, market experts predict further upside for gold and silver in the coming months, citing continued central bank buying and geopolitical risks.
According to market analysts, the today gold rate in India may continue its upward trajectory as the festive and wedding seasons sustain consumer demand. Investors looking for long-term stability are advised to consider both gold and silver as part of a diversified portfolio.
City-Wise Highlights (October 18, 2025)
- Mumbai: Gold – ₹1,27,320/10g | Silver – ₹1,57,300/kg
- Delhi: Gold – ₹1,27,100/10g | Silver – ₹1,57,030/kg
- Kolkata: Gold – ₹1,27,150/10g | Silver – ₹1,57,090/kg
- Chennai: Gold – ₹1,27,690/10g | Silver – ₹1,57,760/kg
- Hyderabad: Gold – ₹1,27,520/10g | Silver – ₹1,57,550/kg
As India embraces prosperity this Dhanteras, the gold price silver price surge underlines the enduring trust in precious metals as symbols of wealth and security.
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