24-Carat Gold Hits Rs 1,24,155; Silver Reaches Rs 1,75,325 per Kg
New Delhi, 13th October 2025: Gold and silver prices surged to all-time highs on Monday, a day before Pushya Nakshatra, amid festive demand and global market trends. According to the India Bullion and Jewellers Association (IBJA), silver rose by ₹10,825 per kilogram to ₹1,75,325, up from ₹1,64,500 on Friday.
The price of 10 grams of 24-carat gold increased by ₹2,630 to ₹1,24,155, compared to ₹1,21,525 on Friday. Experts attributed the rise in silver prices to festive season demand, industrial requirements, and low global supply.
Annual Price Surge
So far this year, gold has gained ₹47,993, up from ₹76,162 per 10 grams on 31 December 2024. Silver has risen by ₹89,308 per kilogram, from ₹86,017 at the end of last year.
Future Outlook for Gold
According to a recent report by Goldman Sachs, gold could reach $5,000 per ounce by next year, which translates to roughly ₹1,55,000 per 10 grams at current exchange rates. Sandeep Raichura, director at brokerage firm PL Capital, predicted that gold could reach ₹1,44,000 per 10 grams in the near term.
Key Factors Driving Gold Prices
Festive Season Demand: Buying gold during Diwali and Dhanteras is considered auspicious, boosting demand despite high prices.
Geopolitical Tensions: Instability in the Middle East and fears of trade wars have pushed investors toward gold as a safe haven.
Central Bank Purchases: Global banks are diversifying reserves to reduce dependence on the dollar, increasing gold holdings.
Why Silver Prices Are Rising
Festival Demand: Like gold, silver is in demand during Diwali.
Rupee Weakness: A weaker rupee is contributing to rising prices.
Industrial Use: Increased demand from electronics and solar panel industries is driving prices higher.
Investment Advice
Ajay Kedia, Director of Kedia Advisory, cautioned that gold has already risen about 60% this year, limiting short-term upside. “People may book profits, but long-term investment in gold can still be beneficial,” he said.
Tips for Buying Gold
Buy Certified Gold: Ensure it is BIS-hallmarked, indicating the carat and authenticity.
Cross-Check Prices: Verify the exact weight and price of gold from multiple sources, such as the IBJA website. Prices vary for 24-carat, 22-carat, and 18-carat gold.
With Pushya Nakshatra approaching, festive demand is expected to sustain momentum, keeping both gold and silver prices at elevated levels.
