Gold rates in India climbed on October 11 to hit yet another record high, after crashing steeply in the range of Rs 139 to Rs 18,600 across 24 carat, 22 carat and 18 carat in the previous session.
Meanwhile, silver rates continued to rise to new record highs. Despite volatility, investor sentiment remains bullish in precious metals. And the upcoming mega Diwali festival is expected to take gold prices higher. Overall in 11 days of October, gold prices have jumped by 4.2% and silver rates outperformed with a hefty 17.22% gains so far.
Gold Rates In India:
24 Carat Gold Prices:
10 grams gold rate is up by Rs 550 to Rs 1,24,260, which is yet another record high. Similarly, 100 grams gold price climbed by Rs 5,500 to Rs 12,42,600.
22 Carat Gold Prices:
Rising to new peak as well, 10 grams gold is up by Rs 500 to Rs 1,13,900 and 100 grams gold price in 22 carat surged by Rs 5,000 to Rs 11,39,000.
18 Carat Gold Prices:
Similarly, 10 grams gold price stood at new record of Rs 93,190, up by Rs 410 on Saturday. Further, 100 grams gold price jumped by Rs 4,100 to Rs 9,31,900.
Check Gold Rates In Major Cities:
Gold Rates In Chennai:
Gold Rates In Bengaluru:
Gold Rates In Mumbai:
Gold Rates In Hyderabad:
Gold Rates In Delhi:
Gold Rates Outlook In Diwali Week:
“Gold’s record high of $4,081 (~₹1,23,450) underscores the metal’s safe-haven dominance as uncertainty deepens over the U.S. government shutdown and its economic fallout. Ahead of Diwali, investor sentiment remains bullish, with expectations that U.S. rate cuts, a softer dollar, and persistent geopolitical tensions will continue to support gold,” said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd.
He added, “In India, festive and wedding demand will add a seasonal push, though high prices may prompt lighter purchases or a shift toward digital and ETF formats. Overall, gold’s outlook remains firmly positive, with dips likely to be viewed as fresh buying opportunities amid global economic fragility.”
But if gold prices ahead, experts believe buying momentum could surge if gold prices corrects ahead.
According to Darshan Desai, CEO – Aspect Bullion & Refinery, despite the recent dip, gold is still on track for its eighth consecutive weekly gain. In the short term, the combination of easing geopolitical risks and a stronger US dollar may continue to put pressure on gold prices. However, any pullback is likely to attract buyers at lower levels, as several uncertainties such as the continuing risk of a US government shutdown, concerns over the Federal Reserve’s independence, and ongoing recession fears still linger.
Silver Rates In India:
1Kg silver price rose by Rs 3,000 on Saturday to hit yet another all-time high of Rs 1,77,000. Meanwhile, 100 grams and 10 grams silver rates are at new highs of Rs 17,700 and Rs 1,770.
MCX Gold Price + MCX Silver Price
After market hours on October 11, MCX gold price ended at Rs 1,21,492 per 10 grams, up by Rs 999 or 0.83%. Meanwhile, MCX silver price closed at Rs 1,46,698 per 1kg, higher by Rs 374 or 0.26%.
Spot Gold Price + Spot Silver Price
Spot gold surged past the $4,000 mark on Friday, edging closer to the all-time high of $4,059 hit on Wednesday, fueled by renewed tensions between Washington and Beijing after US President Trump indicated there was no reason to meet with China’s Xi Jinping in two weeks in South Korea as planned, while preparing to increase tariffs on Chinese imports, as per Trading Economics.