Delhi, 17 October (H.S.): The Indian domestic bullion market witnessed a staggering surge on Friday morning, with gold prices climbing to a new all-time high. As of the latest update at 11 a.m. on October 17, 2025, the price of 24-karat gold rocketed to ₹1,31,403 per 10 grams, marking a significant increase of 3.09%, or ₹4,057, from the previous close.
The market opened with strong upward momentum, continuing the record-breaking rally seen this week. On Thursday, gold had already scaled a historic peak of ₹1,28,395 per 10 grams in domestic futures trade.
Today’s trading session saw the yellow metal fluctuate between a high of ₹131,925 and a low of ₹130,006 per 10 grams by late morning. The price for 22-karat gold, commonly used for jewelry, also saw a sharp rise, trading at ₹1,20,453 per 10 grams.This relentless surge in gold prices is largely driven by global factors, including expectations of interest rate cuts by the U.S. Federal Reserve and ongoing geopolitical tensions, which have enhanced gold’s appeal as a safe-haven asset.
City-Wise Market Update
The price hike was reflected across major metropolitan cities, though rates varied due to local taxes and demand.
In Mumbai and Pune, 24-karat gold was quoted at ₹94,504 per 10 grams, while 22-karat gold stood at ₹90,004.
In Delhi, the price for 24-karat gold reached ₹94,714 per 10 grams, with the 22-karat variant at ₹90,204.
Kolkata saw the highest rates among the metros, with 24-karat gold priced at ₹95,554 per 10 grams and 22-karat at ₹91,004.
Down south in Chennai, Hyderabad, and across Kerala, 24-karat gold was trading at ₹93,664 per 10 grams, while 22-karat was at ₹89,204.
In Bangalore, prices were slightly higher at ₹94,874 for 24-karat gold and ₹90,354 for 22-karat gold.
As gold prices continue their upward trajectory, making it unaffordable for many, a noticeable shift in consumer preference towards silver has been observed. Traders report that silver is in high demand, viewed as a more attractive investment option due to its high returns over the past year.
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Hindusthan Samachar / Jun Sarkar
