Gold and silver prices in India have once again caught everyone’s attention. On 23 October 2025, the rates of both precious metals saw a slight increase, making 10 grams of gold costlier in major cities across the country. Gold continues to be one of the most trusted investment options for Indians, while silver remains popular for industrial and household use. Let’s take a closer look at the latest rates, reasons behind the price hike, and what investors should keep in mind.
Gold Price Overview
According to the latest data from local jewellers and market reports, gold prices have gone up by ₹250 to ₹350 per 10 grams depending on the purity and city.
| Type of Gold | Price (per 10 grams) | Change (approx.) |
|---|---|---|
| 24K (Pure Gold) | ₹63,950 | +₹300 |
| 22K (Jewellery Gold) | ₹58,650 | +₹250 |
| 18K Gold | ₹47,950 | +₹200 |
These prices are indicative and may differ slightly based on city and jeweller.
Silver Price Overview
Silver also witnessed a rise in prices along with gold. On 8 October 2025, the average price of silver increased by ₹500 per kilogram in the Indian market.
| Metal | Price per kg | Change |
|---|---|---|
| Silver | ₹76,900 | +₹500 |
The price of silver is influenced not only by domestic factors but also by global industrial demand and market speculation.
Gold Rates in Major Cities (8 October 2025)
| City | 22K Gold (per 10g) | 24K Gold (per 10g) |
|---|---|---|
| Delhi | ₹58,700 | ₹63,950 |
| Mumbai | ₹58,650 | ₹63,900 |
| Chennai | ₹59,200 | ₹64,300 |
| Kolkata | ₹58,600 | ₹63,850 |
| Bengaluru | ₹58,680 | ₹63,930 |
| Hyderabad | ₹58,670 | ₹63,920 |
These prices are updated regularly depending on local market conditions and international gold value in the US dollar.
Why Gold Prices Increased Today
There are several factors that affect gold prices globally and locally. The rise in gold price on 8 October 2025 can be linked to a few main reasons:
- Global Economic Tension:
Investors tend to buy more gold during times of economic uncertainty. Recent fluctuations in global markets have pushed many towards safe investments like gold. - US Dollar Movement:
Gold prices move inversely to the US dollar. When the dollar weakens, gold prices usually rise. A minor drop in the dollar index has made gold more expensive globally. - Crude Oil Prices:
Higher crude oil prices increase inflation fears. Investors then move money into safe assets like gold, raising its price. - Festive Season Demand:
With India’s festive season starting, the demand for gold jewellery and coins has gone up, especially for Navratri and Dussehra. This seasonal demand pushes prices higher. - Import Duty and Exchange Rates:
Gold is mostly imported into India. Any change in import duty or the rupee’s exchange rate against the dollar affects the local gold price.
Silver Price Rise Reason
Silver prices are rising mainly due to two factors — increased industrial usage and investment demand.
- Industrial Use: Silver is used in electronics, solar panels, and other industrial applications. Growing global demand for these products increases silver consumption.
- Investment Demand: As gold prices rise, some investors move to silver for affordable investment options, pushing prices higher.
What This Means for Buyers and Investors
The increase in gold and silver prices can be both good and bad news depending on the purpose.
- For Jewellery Buyers: The rise means higher costs for ornaments, coins, and gold accessories. If you are planning to buy for festivals or weddings, prices might stay high this month.
- For Investors: It’s a sign that gold is performing well as a safe asset. Those who invested earlier will see higher returns now.
- For Traders: Short-term traders need to stay cautious as price movement may fluctuate based on global news and currency values.
Future Price Outlook
Experts believe that gold and silver prices may remain firm through October as festive buying continues in India. International market conditions, inflation data, and geopolitical events will continue to play a major role in determining the next price trend.
If global inflation stays high and interest rates remain unchanged, gold may cross ₹64,500 per 10 grams by the end of the month. Silver could also reach around ₹78,000 per kilogram if industrial demand continues.
Tips Before Buying Gold or Silver
- Check Purity: Always buy hallmarked gold (BIS certified) to ensure quality and authenticity.
- Compare Prices: Gold rates vary slightly among jewellers, so compare before buying.
- Watch Market Trends: Keep an eye on global cues like the dollar index, crude oil, and inflation reports.
- Buy During Price Dips: Small daily fluctuations can help you save money if you buy when prices fall slightly.
Conclusion
On 8 October 2025, both gold and silver prices have gone up, making them a bit costlier for buyers in India. The combination of global market uncertainty, rising demand during the festive season, and changes in currency value has led to this increase. Whether you’re a jewellery buyer or an investor, keeping track of daily gold and silver rates will help you make smarter financial decisions.
