New Delhi, Oct 1, 2025 – Gold prices in India surged once again on Mahanavami, the final day of Sharadiya Navratri, continuing a steady upward trend since September 22. Supported by strong global cues, festive demand, and a weaker dollar, both 24-carat and 22-carat gold prices have touched new highs in the domestic market.

Gold Prices in Delhi

In the national capital, the price of 24-carat gold jumped to ₹117,600 per 10 grams, while 22-carat gold was priced at ₹107,810 per 10 grams. Analysts note that gold has been witnessing sustained buying interest as investors seek a safe haven amid global and domestic uncertainties.

Key Drivers Behind the Rally

Several factors have contributed to the sharp rise in gold rates:

• Festive Season Demand: With Navratri and the upcoming Dussehra and Diwali festivals, gold buying has picked up across India.

• Global Market Support: International gold prices have remained strong as investors turn to safe assets.

• Weak Dollar Impact: A softer US dollar makes gold more attractive for global buyers.

• Fed Rate Cut Expectations: Hopes of further interest rate cuts by the US Federal Reserve have fueled demand for bullion.

• Domestic Market Sentiment: A slowdown in Indian equity markets has also pushed retail and institutional investors towards gold as a safer option.

These factors combined have made gold one of the most sought-after investments this festive season.

Gold Prices in Major Cities (October 1, 2025)

Here’s a quick look at the retail gold rates across major Indian cities:

• Delhi – 24-carat: ₹117,600 | 22-carat: ₹107,810 per 10 grams

• Mumbai, Chennai, Kolkata – 24-carat: ₹117,450 | 22-carat: ₹107,660 per 10 grams

• Jaipur, Lucknow, Chandigarh – 24-carat: ₹117,600 | 22-carat: ₹107,810 per 10 grams

• Ahmedabad, Bhopal – 24-carat: ₹117,500 | 22-carat: ₹107,710 per 10 grams

• Hyderabad – 24-carat: ₹117,450 | 22-carat: ₹107,660 per 10 grams

These rates reflect the average retail prices in local jewelry markets and may vary slightly depending on the city and vendor.

Silver Prices Also Rise

Alongside gold, silver prices have also seen an upward push. On October 1, silver was trading at ₹1,51,100 per kilogram, up by ₹100 from the previous session. Just a day earlier, on September 30, silver had already reached a record peak of ₹1,50,500 per kilogram, marking a sharp ₹500 jump in a single day.

What This Means for Investors

For households, the rising gold prices could make festive purchases slightly more expensive, but for investors, gold remains a safe and rewarding asset. Experts believe that with continued geopolitical tensions, expectations of lower global interest rates, and festive demand, gold prices are likely to remain firm in the near term.

Financial planners advise that while short-term buyers may feel the pinch, long-term investors can still benefit from systematic gold investments such as Sovereign Gold Bonds (SGBs), Gold ETFs, or even fractional digital gold purchases.

Outlook Ahead

With India entering its peak wedding and festive season, demand for physical gold is expected to remain robust through October and November. On the global front, economic uncertainties, inflation concerns, and monetary policy decisions will continue to drive investor appetite for the yellow metal.

If the current momentum sustains, analysts suggest that gold prices could see further upward movement in the last quarter of 2025, keeping it firmly positioned as the most preferred safe-haven asset for Indian households and global investors alike.