15 October,2025 12:27 PM IST | Mumbai | mid-day online correspondent
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Gold prices in major Indian cities have seen a slight uptick on Wednesday, reflecting global market trends and rising festive demand. Investors and buyers are closely tracking the rates ahead of Dhanteras and Diwali.
According to market data, the gold rates in Mumbai, Delhi, and Kolkata today are as follows:
| City | 24K Gold (Rs/10g) | 22K Gold (Rs/10g) | 18K Gold (Rs/10g) |
| Mumbai | Rs 1,28,890 | Rs 1,18,150 | Rs 94,262 |
| Delhi | Rs 1,28,510 | Rs 1,17,810 | Rs 95,050 |
| Kolkata | Rs 1,28,890 | Rs 1,18,150 | Rs 94,950 |
Experts said the increase in gold prices is being driven by a combination of factors. Global uncertainties, including expectations of further US Federal Reserve rate cuts, have strengthened demand for safe-haven assets like gold. The weakening of the Indian Rupee against the US Dollar has increased the cost of gold imports, pushing domestic prices higher. Local jewellers have also reported higher demand due to the festive season.
Gold buyers are advised to compare rates across multiple jewellers, as prices can vary slightly depending on making charges and purity. While 24-carat gold is preferred for investment purposes, 22-carat gold remains the popular choice for jewellery purchases.
Gold and silver prices edged higher amid heightened geopolitical uncertainty. "Gold prices rose above USD 4100, hovering near record highs; while Silver too inched higher in the first half but witnessed higher swings in the next, hovering around USD 50," Manav Modi, Analyst - Precious Metals, Motilal Oswal Financial Services Ltd, told ANI.
He added that safe-haven demand continued as the U.S.-China trade dispute deepened and expectations grew for possible U.S. interest rate cuts.
Gold prices on Tuesday surged by Rs 2,850 to reach an all-time high of Rs 1,30,800 per 10 grams in the national capital, driven by heavy festive buying by retailers and jewellers ahead of 'Dhanteras'.
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,27,950 per 10 grams on Monday.
Gold of 99.5 per cent purity also advanced by Rs 2,850 to hit a record Rs 1,30,200 per 10 grams (inclusive of all taxes), from the previous close of Rs 1,27,350 per 10 grams.
So far this year, gold prices have increased by Rs 51,850 or 65.67 per cent from Rs 78,950 per 10 grams on December 31, 2024.
