Gold rate today in India on Oct 15: Days before Dhanteras, bullion rises towards peak of $4,179 - Check 24K, 22K, 18K gold prices in Chennai, Jaipur and Delhi - Full list

Gold continues its blazing rally with prices nearing all-time high of Rs 1.3 lakh per 10 gram in India. International bullion peaked at $4,179.79 largely due to fresh trade tensions between the US and China and speculations around more rates cut announcements by the US Federal reserve. As per data updated by gold rate tracking site Goodreturns, there has been an uptick in all gold categories on Wednesday. Here are the latest gold rates on October 15, 2025:

The four major precious metals have soared between 58% and 80% this year, leading gains across the commodity markets. Gold’s rally has been fueled by strong central bank purchases, growing inflows into exchange-traded funds, and the Federal Reserve’s rate cuts.

Safe-haven demand has been further supported by recurring US-China trade frictions, political pressure on the Fed’s autonomy, and a partial US government shutdown. Investors are also turning to precious metals as a hedge against ballooning budget deficits — a trend often referred to as the “debasement trade.”

In Singapore, spot gold rose 0.5% to $4,162.98 per ounce. The Bloomberg Dollar Spot Index held steady, while silver gained nearly 1%, and platinum and palladium saw modest advances.

Back home, the high prices of gold may not impact the Dhanteras demand which is mostly based on traditional values. However, some experts say that inflationary pressures and glittering rally may influence the quantity of physical gold that people purchase. So, instead of a full set of a jewellery, people may opt for cheaper options such as gold coins. Today also happens to be Pushya Nakshatra as per Hindu tradition, which is seen as a pious period to buy gold. In case you are planning to buy gold today, here are the prices in your city:

On the gold rally, Joita Sen, Director, Head of Marketing and Designs - Senco Gold and Diamonds told Moneycontrol: "We’re seeing that even with the recent rise in gold prices, consumer sentiment continues to stay strong, especially with the festive and wedding season underway. For most Indians, gold remains both an emotional and trusted investment, so buying continues, though with a more thoughtful approach. Many customers are choosing lighter, more wearable pieces or making smart use of our old gold exchange program to upgrade their jewellery without stretching their budgets. Overall, the enthusiasm for gold remains high, it’s still an integral part of every celebration."