India's Gold Prices Surge Over 5% in 10 Days Amid Festive Demand

As of October 14th, 2025, gold prices in India have continued their sharp upward trajectory, with the 22-carat gold rate crossing Rs. 114,900 per 10 grams and the 24-carat gold price surging past Rs. 125,000 per 10 grams in major cities like Delhi, Mumbai, and Chennai. This represents a significant increase of over 5% in just the last 10 days.

The surge in gold and silver prices is being driven by a combination of factors. Firstly, the ongoing festive season in India has led to a strong rise in demand for precious metals, as gold and silver are traditionally associated with auspicious occasions. Additionally, escalating trade tensions between the United States and China have sparked a renewed safe-haven demand for gold, which is seen as a reliable store of value during times of economic uncertainty.

Silver prices in India have also risen sharply, with the price of 1 kg of silver reaching Rs. 185,000, a jump of Rs. 5,000. The 100 g silver rate in India now stands at Rs. 18,500, down by Rs. 500. This reflects the overall bullish sentiment in the precious metals market.

Looking ahead, industry experts predict that gold prices may witness some profit-booking in the near future, with a potential target of Rs. 121,500-120,300 per 10 grams. However, the long-term outlook for precious metals remains positive, as the ongoing global economic and political tensions are likely to continue fueling safe-haven demand.