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Gold Prices Continue to Rise Amid Festive Demand and Global Market Uncertainty

Gold prices in India are touching new highs as both domestic and international factors continue to push rates upward. On Wednesday, October 15, 2025, the price of 24-carat gold in Delhi climbed to ₹1,28,510 per 10 grams, marking yet another record for the precious metal. Similarly, silver prices have also jumped significantly, driven by rising demand and tightening global supply.

According to market analysts, the surge in gold prices is supported by multiple factors. Domestically, festive demand during the Diwali season has spurred heavy buying by households and jewellers. Additionally, investment in Exchange Traded Funds (ETFs) has seen a noticeable rise as investors look for safer assets amid global economic uncertainties.

Internationally, several macroeconomic developments are fueling the rally. Renewed trade tensions between the United States and China have heightened uncertainty in the global market. Speculation about potential interest rate cuts by the U.S. Federal Reserve, continued gold purchases by central banks, and concerns surrounding a possible U.S. government shutdown have all contributed to gold’s sustained momentum.

Gold Prices Across Major Indian Cities

As per the latest updates, here are the gold rates in key Indian cities as of October 15, 2025:

• Delhi: ₹1,28,510 (24K) / ₹1,17,810 (22K) per 10 grams

• Mumbai: ₹1,28,360 (24K) / ₹1,17,660 (22K) per 10 grams

• Chennai: ₹1,28,360 (24K) / ₹1,17,660 (22K) per 10 grams

• Kolkata: ₹1,28,360 (24K) / ₹1,17,660 (22K) per 10 grams

• Hyderabad: ₹1,28,360 (24K) / ₹1,17,660 (22K) per 10 grams

• Ahmedabad: ₹1,28,410 (24K) / ₹1,17,710 (22K) per 10 grams

• Bhopal: ₹1,28,410 (24K) / ₹1,17,710 (22K) per 10 grams

• Jaipur: ₹1,28,510 (24K) / ₹1,17,810 (22K) per 10 grams

• Lucknow: ₹1,28,510 (24K) / ₹1,17,810 (22K) per 10 grams

• Chandigarh: ₹1,28,510 (24K) / ₹1,17,810 (22K) per 10 grams

This consistent price range across most metro and tier-2 cities shows strong national demand ahead of the festive and wedding season — a period that traditionally sees higher investment in gold jewellery and coins.

Silver Prices Touch New Heights

While gold continues its steady climb, silver is witnessing a remarkable rally of its own. On October 15, 2025, silver prices surged to ₹1,89,100 per kilogram in the retail market. Globally, supply constraints have led to a jump in silver premiums, providing further support to the metal’s price.

In international markets, silver futures recently crossed the $52 per ounce mark — a new record level. In September alone, silver prices gained approximately 19.4%, underscoring the growing investor interest in precious metals amid economic volatility.

Why Investors Prefer Safe Assets Like Gold and Silver

Experts point out that in times of geopolitical tension and economic instability, investors tend to move away from riskier assets such as equities and instead invest in safer options like gold and silver. The ongoing global uncertainty, coupled with the expectation of monetary policy easing by major central banks, has made precious metals even more attractive.

Financial advisors suggest that retail investors should consider gold as a long-term hedge against inflation and market fluctuations. However, they also recommend keeping portfolio diversification in mind and not allocating an excessive portion to precious metals.

Outlook Ahead

With the festive season in full swing and global markets facing unpredictable shifts, gold and silver prices are expected to remain firm in the near term. Analysts predict that if global tensions persist and interest rate cuts materialize, both metals may see another upward leg in their ongoing rally.

As of mid-October 2025, India’s love for gold and silver remains unwavering — a reflection not just of cultural tradition, but also of strategic financial confidence amid uncertain economic times.