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Gold Prices Surge to Record Highs, Challenging Indian Consumers
28 Sep
Summary
- Gold prices in India reach multiple all-time highs
- Continuous rise in gold rates makes it difficult for traditional buyers
- MCX gold futures trading near record levels, supported by strong demand
As of September 29th, 2025, the gold market in India has been mostly bullish, with prices reaching multiple all-time highs. This has been good news for early investors but has put significant pressure on retail buyers, especially in the lead-up to Navaratri, Diwali, and Dhanteras—major gold-buying festivals in the country.
The 22-karat gold rate in India has steadied at Rs. 105,850 per 10 grams, while the 24-carat gold price stands at Rs. 115,480 per 10 grams. Similarly, the 18-carat gold rate is retailing at Rs. 86,610. The continuous rise in gold prices has made it challenging for traditional buyers to participate in the market.
On the commodity exchange front, gold futures prices on the Multi Commodity Exchange (MCX), expected to mature on October 3rd, have slipped by 0.02%, trading at Rs. 113,766. Silver futures, with an expiry date of December 5th, have settled at Rs. 142,147, after rising 0.18%. Analysts remain bullish on the precious metals, citing strong demand and geopolitical tensions as key drivers of the current rally.
