Gold Rate Live: 24 Carat Price Crosses ₹1.30 Lakh Mark on October 20

Aanchal

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Gold and silver prices are continuously witnessing a rise across India. Ahead of Diwali, gold rates have surged sharply, adding a new sparkle to the festive season. Within a week, the price of 24-carat gold has climbed by ₹5,780, while 22-carat gold has increased by ₹5,300. Interestingly, despite high prices, people have not stopped buying, especially on Dhanteras, when gold purchases are considered auspicious.

Gold Price Trend Before Diwali

In 2024, the 24-carat gold price on Dhanteras was ₹81,400 per 10 grams. In 2025, it has reached ₹132,400 per 10 grams, marking a massive 62.65% jump within a year. The consistent rise in gold prices shows strong festive demand and investor interest, as gold remains a preferred choice for safety and celebration.

24 Carat and 22 Carat Gold Price in Major Cities

In Delhi, the 24-carat gold price stands at ₹131,010 per 10 grams, while the 22-carat gold rate is ₹120,100 per 10 grams. In Mumbai, both Chennai and Kolkata have similar prices — 24-carat gold at ₹130,860 and 22-carat gold at ₹119,950 per 10 grams. Jaipur, Lucknow, and Chandigarh have 24-carat gold priced at ₹131,010 and 22-carat at ₹120,100 per 10 grams.

Gold Prices in Bhopal and Ahmedabad

In Bhopal, the rate of 24-carat gold is ₹130,910 per 10 grams, while 22-carat gold costs ₹120,000 per 10 grams. Ahmedabad also records identical prices, showing a balanced trend across central and western India. These steady rates indicate uniformity in the bullion market amid festive buying.

Silver Price Today

On October 20, silver was priced at ₹1,72,000 per kilogram. However, in the Delhi bullion market, it dropped slightly by ₹7,000 during Dhanteras, settling at ₹1,70,000 per kilogram. Despite this small fall, silver remains in high demand for jewelry and investment purposes, especially around the festive season.

Festive Season Buying and Demand

Even with high gold rates, the enthusiasm among buyers has not reduced. Indian women are showing immense interest in buying jewelry, seeing it as both a tradition and a long-term investment. The upcoming wedding season is also expected to boost gold demand further in urban and rural markets alike.

Factors Behind the Gold Price Surge

Experts suggest that the sharp rise in gold prices can be linked to global inflation, strong U.S. dollar movement, and high festive demand in India. Moreover, investors are shifting toward safe assets like gold as economic uncertainty remains high.

Outlook for Coming Weeks

With Diwali approaching, experts predict that gold prices may continue to remain strong. Unless there is a major drop in international prices, domestic rates are expected to hold steady above ₹1.30 lakh per 10 grams for 24-carat gold.

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