Dhanteras 2025: Record-Breaking Gold Prices Across India - Latest Rates and Market Trends

Today marks the celebration of Dhanteras across India, a festival widely regarded as highly auspicious for purchasing gold and silver. However, this year's celebration comes with a significant premium as gold prices have escalated to unprecedented levels throughout the country, establishing new records in major metropolitan areas including Delhi and Mumbai.

Early on Dhanteras morning, even before the official announcement of new rates scheduled for noon, gold prices jumped by Rs 3,200, reaching an all-time high of Rs 1,34,800 per 10 grams. The Indian Bullion & Jewellers Association attributes this continuous price increase in Delhi to robust festive purchasing by the Sarrafa market and retail merchants.

Nevertheless, according to India Bullion, by 10:50 am, the price had marginally decreased to Rs 1,27,550 per 10 grams.

Meanwhile, NDTV India reports that silver has experienced a reduction of Rs 7,000.

In the lead-up to Diwali, traders in the Sarrafa market have observed that jewelers have intensified their purchases in anticipation of increased sales during Dhanteras and the Diwali festival. With customer demand expected to rise, gold prices have maintained their upward trajectory, a pattern likely to continue throughout the day. Precious metals remain traditional auspicious purchases during this festive period. Beyond the festive and wedding seasons, demand from global investors and central banks, including the Reserve Bank of India, has contributed to the sustained strength in gold prices.

Bullion experts predict that strong market demand could drive gold prices even higher, potentially reaching approximately Rs 1.5 lakh by late October. Various factors such as the US government shutdown weakening the dollar and geopolitical tensions including the Ukraine-Russia conflict have prompted investors and central banks to acquire gold. Uncertainty surrounding the US economy and potential interest rate reductions have also heightened investor interest in this precious metal. In this atmosphere of uncertainty, gold's rapid appreciation is anticipated to persist.

Conversely, silver has seen a decline of Rs 7,000, falling to Rs 1,77,000 per kilogram, as reported by NDTV India. By 10:50 am on October 18, India Bullion reported silver trading at Rs 1,57,590 per kilogram. This decrease offers some relief for consumers looking to purchase silver items, such as Ganesh-Lakshmi coins, silver coins, or utensils.

Gold Prices In Major Cities:

Delhi:

24 Carat: Rs 1,32,930

22 Carat: Rs 1,21,860

Mumbai:

24 Carat: Rs 1,32,780

22 Carat: Rs 1,21,710

Kolkata:

24 Carat: Rs 1,32,780

22 Carat: Rs 1,21,710

Lucknow:

24 Carat: Rs 1,32,930

22 Carat: Rs 1,21,860

Noida:

24 Carat: Rs 1,32,930

22 Carat: Rs 1,21,860