Gold Prices Reach New Highs Across India During Diwali 2025

On October 21, 2025, gold prices in India reached new heights as the country celebrated Diwali. 24-karat gold rose to Rs 13,277 per gram, up Rs 208 from the previous day, while 22-karat gold reached Rs 12,170, an increase of Rs 190.

The surge in gold prices was driven by strong demand for jewelry and coins during the festive season. Major cities like Mumbai, Chennai, Delhi, Kolkata, Bangalore, Hyderabad, and Pune all saw significant activity in the gold market, with prices closely mirroring the national average.

In Chennai, 24-karat gold was priced at Rs 13,288 per gram, while in Mumbai, the rate for 24-karat gold stood at Rs 13,277. The capital city of Delhi witnessed slightly elevated prices, with 24-karat gold costing Rs 13,292 per gram. Across the country, the 18-karat variant was also in high demand, with prices ranging from Rs 9,958 to Rs 10,060 per gram.

The rise in gold prices can be attributed to a combination of factors, including a weaker US dollar, expectations of lower interest rates, strong central bank buying, and heightened geopolitical tensions. Experts predict that sustaining the rally could prove challenging, especially near the key $4,000-$4,400 per ounce psychological zone, though the broader bullish drivers remain intact.