When India marks Dhanteras 2025, one of the most favorable days of purchasing gold, and silver, the yellow metal is highly priced, which is indicative of the volatility vulnerability of the world market and the demand during the season. Although the trading is not open on the weekend, jewellery shopping is attracting thousands of shoppers in India as they rush to jewellery shops to buy their Dhanteras gold before the price starts rising once more next week.
The prices of gold in India are stuck on the record highs even though the prices have corrected a bit in the international markets. On October 17, the global gold rates fell by more than 2 percent following the suggestion by U.S. President Donald Trump that his 100 percent tariffs against China would be unsustainable. The pullback has however not helped to puncture the festive gold fever in India.
Gold Prices today in Global Indian cities (October 18, 2025)
The following table is a glimpse of the current 22K and 24K gold rates in major metro cities in India as of October 18, 2025
City 22K Gold Price (per 10g) 24K Gold Price (per 10g)Silver Price (per kg)
Mumbai. ₹57,850 ₹63,150 ₹89,700
Delhi new. ₹57,980 ₹63,300 ₹89,950
Chennai. ₹58,500 ₹63,700 ₹90,200
Kolkata. ₹57,850 ₹63,150 ₹89,800
Bengaluru. ₹57,900 ₹63,200 ₹89,600
Hyderabad.₹57,850 ₹63,150 ₹89,750
Remark: Prices are slightly different on the basis of local jeweller associations, purity, and making charges.
Global Gold Market Update
- Spot Gold (Oct 17): $4,211.48 per ounce (down 2.6%)
- All-time high: $4,378.69 per ounce
- U.S. Gold Futures (Dec): 4,213.30 per ounce (down 2.1)
Gold is still at the highest levels in history even after this downturn due to global uncertainty, inflation fears, and robust festive purchasing in India with the second largest gold consumer in the world.
Why Gold Prices are Still High.
1. Festive Season Demand: Dhanteras and Diwali are the two seasons that used to trigger the huge purchase of gold in India.
2. Economic Tensions in the World: The uncertainty about relations between the U.S. and China in trade relations is affecting prices.
3. Weaker Rupee: Slightly low Indian rupee in relation to the dollar increases domestic gold prices.
4. Inflation Hedge: Gold is coming to become a safe asset among the investors due to their global inflation concerns.
Discovery,Dhanteras 2025,Tradition Meets High Prices
The Indian consumers are not scared of buying gold even though prices have been skyrocketing. A lot of them are choosing to wear light jewellery, gold coins, and digital gold investments to celebrate the festival. In Delhi, Mumbai and Hyderabad, jewellers also have a high number of visitors with most stores having offers of exchange and festive deals since early morning.
It is not merely about the purchase of gold but about prosperity and tradition, says Ramesh Shah, a Zaveri bazaar veteran jeweller in Mumbai.
Customers are purchasing, albeit in less amounts, at 63,000 per 10 grams.
Silver Prices Also Sparkle
The price of silver has soared, up by almost 70 percent a year, as investors moved the money into other precious metals, in addition to gold. Silver now sells at an average price of ₹89,800/kg, which varies according to the location and purity.
Forecast: Do Gold Prices Increment After Diwali?
Forecasters suggest that the gold price may be unstable within the near future, and it may increase in the end of 2025, subject to:
Religious speed of economic recovery worldwide.
- U.S. interest rate decisions
- Indian rupee movement
- Season demand: festive and wedding
- Nevertheless, the long-term future of gold is thought to be bullish by most experts making it a safe-haven investment to the Indian households.
Conclusion
India gold craze, Dhanteras 2025 cannot be broken even during high record prices. Gold is still a sign of prosperity and trustworthiness to millions of Indians whether it be tradition, investment or gift giving.
With the markets opening on Monday, October 20, the biggest question on the minds of all will be whether the yellow metal will continue its upward trend or will it give a break after this glittering mega weekend.
