Karwa Chauth 2025 Gold Rate Update: Prices Dip Ahead of Festival Season in Major Indian Cities

Gold prices in India experienced a slight decrease on Thursday before the Karwa Chauth festival scheduled for October 10. Following record highs earlier this month, rates on the Multi-Commodity Exchange (MCX) showed a marginal drop, although overall prices remain elevated.

Market data indicates that December gold futures on MCX were trading at Rs 1,22,795 per 10 grams, showing a decline of Rs 414 or 0.34 percent.

Silver futures also decreased by Rs 1,124 or 0.75 percent, trading at Rs 1,48,731 per kilogram.

A gold future represents an agreement to purchase or sell a specific amount of gold at a predetermined price on a designated future date. This arrangement allows investors or traders to secure prices without immediately acquiring physical gold.

In India, festival demand typically increases during October and November, which may help maintain firm prices in the upcoming weeks.

Gold Prices In Major Indian Cities (per 10 grams) Delhi: 24 Karat - Rs 1,24,300 | 22 Karat - Rs 1,13,950 Mumbai, Kolkata, Bengaluru: 24K - Rs 1,24,150 | 22K - Rs 1,13,800 Chennai: 24K - Rs 1,24,370 | 22K - Rs 1,14,000 Jaipur, Lucknow: 24K - Rs 1,24,300 | 22K - Rs 1,13,950 Hyderabad: 24K - Rs 1,24,150 | 22K - Rs 1,13,800 Ahmedabad: 24K - Rs 1,24,200 | 22K - Rs 1,13,850

Gold prices have risen by nearly 51 percent so far this year, bolstered by expectations of global interest rate cuts, central bank purchases, and persistent geopolitical uncertainty.

Tips While Buying Gold In 2025 When purchasing gold, especially during festive seasons, careful consideration is necessary. Here are key factors to keep in mind:

Purity: Always purchase BIS-hallmarked gold to ensure quality standards.

Price: Verify daily gold rates on reliable platforms before making a purchase.

Making Charges: These vary between jewelers and impact the final price significantly.

Type of Gold: Consider whether you want jewelry, coins, or digital gold options like ETFs or Sovereign Gold Bonds.

Storage: For physical gold, utilize secure storage solutions such as lockers or safes.

Many jewelers offer special festive discounts or zero making charge promotions during peak seasonal periods.