Gold prices in India soared to new highs on October 14 ahead of Diwali, with 10 grams of 24-carat gold priced at Rs 1,25,437 in Mumbai. Festive demand, global cues, and a weaker rupee have driven the surge, while international uncertainty keeps safe-haven demand strong
Representational Image. File Pic
With Diwali just around the corner, gold prices across India have been soaring high. The price of 10 grams of gold on Tuesday, October 14, has been recorded at Rs 125,437 for 10 grams in Mumbai. The surge in gold prices is driven by a combination of strong international cues, festive buying ahead of Dhanteras and Diwali, and a weaker rupee that has increased the cost of gold imports.
As per the market reports, 24-carat gold prices in the last few days have already touched fresh highs across key metro cities such as Kolkata, Delhi, and Mumbai, reflecting the growing investor and consumer demand for the precious metal.
Market price of gold
News agency PTI further reported that gold and silver prices on Tuesday scaled fresh record highs in the domestic futures trade, mirroring lifetime gains in the international markets as renewed US-China trade tensions and prospects of rate cuts by the US Federal Reserve bolstered safe-haven demand.
On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed Rs 2,301, or 1.84 per cent, to hit a new peak of Rs 126,930 per 10 grams. The February 2026 contract for gold also surged Rs 2,450, or 1.94 per cent, to touch a record of Rs 128,220 per 10 grams.
Manav Modi, who works as an analyst at Motilal Oswal, said that "gold prices climbed to a record high as renewed US-China trade tensions exacerbated broader uncertainty, bolstering safe-haven demand, while the prospects of interest rate cuts by the Federal Reserve lent support, with silver also reaching an all-time peak," as cited by news agency PTI.
Gold prices in Mumbai
In Mumbai, 24-carat gold circulated at around Rs 1,25,437 for 10 grams, while 22-carat gold was priced at Rs 114,987 for the same quantity.
Gold prices in Kolkata
Gold prices in Kolkata soared high, with 24-carat gold trading at Rs 12,868 per gram, marking a rise of nearly Rs 328. The 22-carat gold stood at Rs 11,795 per gram, while 18-carat gold was priced around Rs 9,651 per gram.
Gold prices in Delhi
The national capital also saw an uptick in gold prices, with 24-carat gold priced at Rs 125,583 for 10 grams (Rs 12,558 per gram) and 22-carat gold at Rs 1,15,133 for 10 grams (Rs 11,513 per gram).
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
