Gold Prices Continue to Shine: 24-Carat Gold Crosses ₹1.24 Lakh per 10g, Silver Also Surges Ahead of Festive Season
Gold Rate Today, October 9, 2025: The upward rally in gold prices continued for the fourth consecutive day across India, reflecting both domestic demand and global market sentiment. As of Thursday morning, the price of 24-carat gold in the national capital, Delhi, touched ₹1,24,090 per 10 grams, while 22-carat gold is retailing at ₹1,13,760 per 10 grams.
Gold Shines Bright Ahead of the Festive Season
The ongoing festive season has played a major role in driving up gold demand. With Karva Chauth, Dhanteras, and Diwali around the corner, buyers have started flocking to jewelry stores, pushing retail demand to a new high. Experts predict that prices could rise further as the festive buying momentum continues over the next few weeks.
Globally, gold prices are being influenced by macroeconomic developments in the United States. The potential U.S. government shutdown and growing expectations of interest rate cuts by the Federal Reserve have boosted the appeal of gold as a safe-haven asset.
How Interest Rates Affect Gold Prices
There is a well-known inverse relationship between interest rates and gold prices. When interest rates rise, returns on bonds and other fixed-income investments become more attractive, leading investors to move away from gold. However, when rates fall or are expected to fall, investors tend to increase their gold holdings to safeguard their portfolios from market volatility.
Currently, anticipation of rate cuts and economic uncertainty have strengthened investor confidence in gold, causing global and domestic prices to climb steadily.
City-Wise Gold Rates (as of October 9, 2025)
Here’s a detailed look at gold prices across India’s major cities today:
| City | 22 Carat Gold (₹/10g) | 24 Carat Gold (₹/10g) |
|---|---|---|
| Delhi | ₹1,13,760 | ₹1,24,090 |
| Mumbai | ₹1,13,610 | ₹1,23,940 |
| Chennai | ₹1,13,610 | ₹1,23,940 |
| Kolkata | ₹1,13,610 | ₹1,23,940 |
| Jaipur | ₹1,13,760 | ₹1,24,090 |
| Lucknow | ₹1,13,760 | ₹1,24,090 |
| Chandigarh | ₹1,13,760 | ₹1,24,090 |
| Bhopal | ₹1,13,660 | ₹1,23,990 |
| Ahmedabad | ₹1,13,660 | ₹1,23,990 |
| Hyderabad | ₹1,13,610 | ₹1,23,940 |
Silver Also on the Rise
Alongside gold, silver prices have also surged notably. As of this week, silver has risen to ₹1,60,100 per kilogram, marking a strong upward movement. Interestingly, silver has outperformed gold in percentage terms over the past month — prices of silver jumped nearly 19.4% in September, compared to a 13% rise in gold during the same period.
Outlook for Gold and Silver
With festive demand heating up and global economic conditions remaining uncertain, both gold and silver are expected to stay firm in the coming days. Market analysts suggest that investors may continue to prefer precious metals as a safe and reliable investment choice amid geopolitical tensions and inflationary pressures.
Retail jewelers across India are witnessing a surge in pre-festival sales, with consumers locking in current prices before potential further increases. Financial advisors recommend that short-term buyers plan their purchases soon, as volatility may push prices even higher during Dhanteras and Diwali.
Both gold and silver are now shining brighter than ever — not only as traditional symbols of prosperity during the festive season but also as strong investment assets in uncertain economic times.
