New Delhi: Gold prices in India saw a modest uptick on Friday, reflecting the continued investor interest in the precious metal amid persistent global economic concerns. The rate for 24-carat gold rose above Rs 1,02,000 per 10 grams across various cities, reaffirming its status as a safe-haven asset.
In Mumbai, 24-carat gold was priced at Rs 1,02,560 per 10 grams, while 22-carat gold stood at Rs 94,010. The upward movement aligns with broader trends in the global bullion market, where uncertainties around monetary policy and geopolitical tensions continue to influence demand.
Meanwhile, silver prices also saw a slight rise. Across the country, the metal was trading Rs 100 higher at Rs 1,17,100 per kilogram, buoyed by steady industrial demand and speculative interest.
Gold prices in India
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 94,160 | Rs 1,02,710 |
| Jaipur | Rs 94,160 | Rs 1,02,710 |
| Ahmedabad | Rs 94,060 | Rs 1,02,610 |
| Patna | Rs 94,060 | Rs 1,02,610 |
| Mumbai | Rs 94,010 | Rs 1,02,560 |
| Hyderabad | Rs 94,010 | Rs 1,02,560 |
| Chennai | Rs 94,010 | Rs 1,02,560 |
| Bengaluru | Rs 94,010 | Rs 1,02,560 |
| Kolkata | Rs 94,010 | Rs 1,02,560 |
Market Overview and Expert Insights
According to Rahul Kalantri, Vice President of Commodities at Mehta Equities, the minor correction in gold earlier in the week was largely a result of profit-booking. However, he added that the broader sentiment remains bullish, with both gold and silver poised to register a second consecutive weekly gain.
“Unstable trade dynamics and hopes of a less aggressive monetary stance by the US Federal Reserve have lent support to bullion prices globally,” Kalantri noted.
Futures Trading Snapshot
In the commodities futures market, gold contracts expiring on October 3, 2025, were trading higher by 0.65%, reaching Rs 1,02,129 per 10 grams on the Multi-Commodity Exchange (MCX). Silver futures with a September 5, 2025, expiry date climbed 0.53% to Rs 1,14,888 per kilogram.
What Drives Gold Prices in India?
Gold prices in the Indian market are influenced by several factors:
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Global market trends
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Import tariffs and local taxation
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Currency exchange fluctuations, particularly involving the US dollar
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Demand during the festive and wedding seasons
Given its dual value as a cultural and financial asset, gold remains a favored choice among Indian households for both investment and ornamentation. As such, investors closely watch international cues and domestic indicators to time their purchases.
