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New Delhi, August 27, 2025 – On the festive occasion of Ganesh Chaturthi, gold prices in India witnessed a sharp surge, bringing a mix of cheer and caution for buyers and investors. As families across the nation welcomed Lord Ganesha today, gold — traditionally associated with wealth, prosperity, and auspicious beginnings — became significantly costlier.

Compared to yesterday, the price of gold has jumped by nearly ₹800 per 10 grams. The rate of 24-carat gold has crossed ₹1,02,000 per 10 grams, while 22-carat gold is trading above ₹94,000 in major cities like Mumbai, Chennai, Kolkata, and Delhi.

Silver, on the other hand, maintained stability, with its price holding firm at ₹1,20,000 per kilogram.

Why Did Gold Prices Rise on Ganesh Chaturthi?

Market experts attribute today’s spike in gold prices to multiple global and domestic factors:

1. Political Uncertainty in the U.S.
   A major trigger was U.S. President Donald Trump’s unexpected decision to remove Federal Reserve Governor Lisa Cook from her post. The move has raised concerns over the independence of the central bank, creating uncertainty among global investors. In such situations, investors typically move towards safe-haven assets, and gold is historically seen as the most reliable choice.

2. Interest Rate Speculation
   The market also anticipates stronger pressure on the Federal Reserve to cut interest rates sooner than expected. Whenever interest rate cuts are expected, gold becomes more attractive as it does not yield interest but retains its long-term value.

3. Rupee Weakness & Global Trends
   A weaker Indian rupee and positive international cues further supported the rally in gold prices. As the rupee depreciates, the cost of importing gold rises, pushing domestic prices higher.

City-Wise Gold Rates in India (27 August 2025)

Here’s how gold is priced today across key Indian cities:

How Are Gold Prices Determined in India?

The daily movement of gold rates in India is influenced by several factors:

• International gold prices and demand-supply dynamics.

• Import duty and taxes, as India imports most of its gold.

• Dollar-Rupee exchange rate, since gold is globally traded in U.S. dollars.

• Local demand, especially during festivals, weddings, and auspicious occasions.

Gold in India is not just a precious metal for ornaments but also a trusted avenue for investment and savings. Festivals like Ganesh Chaturthi often see a surge in demand as families buy gold coins, jewelry, and bars for both religious and financial reasons.

Outlook for Investors

Experts suggest that the current upward trend may continue in the short term, particularly if global uncertainties and rupee weakness persist. For long-term investors, gold remains a hedge against inflation and currency volatility. However, buyers planning jewelry purchases may need to adjust their budgets due to the festive price hike.

In summary, Ganesh Chaturthi 2025 has brought not only devotion and celebration but also soaring gold prices. With 24-carat gold above ₹1.02 lakh and silver steady at ₹1.20 lakh per kilo, the precious metals market remains firmly in focus for both investors and households.