People across India have commenced the five-day Diwali festivities, beginning with Dhanteras today, a Hindu festival regarded as auspicious for investing in gold and silver.
As the festive season kicked off, the gold rates in India reached an all-time high, with the price of the yellow metal reaching historic highs at the start of October, driven by concerns over a potential US government shutdown, which led to increased demand for safe-haven assets.
On October 18, gold prices showed an upward trend, with the price being Rs 13,278 per gram for 24-karat gold, Rs 12,171 per gram for 22-karat gold and Rs 9,959 per gram for 18-karat gold.
The MCX gold index was at Rs 1,27,320/10 gm at 8 am on October 18, the official website showed. Meanwhile, MCX silver prices were at Rs 1,57,300/kg, it showed.
The yellow metal has surged 65.17 per cent year-on-year, compared to Rs 78,610 per 10 grams during last year’s Dhanteras. A significant 58 per cent of this rally has occurred in just the first 10 months of 2025.
Check gold rates in your city
| City | Gold Bullion Rate (₹/10 gm) | MCX Gold Rate (₹/10 gm) |
|---|---|---|
| Mumbai | 1,27,320 | 1,27,320 |
| New Delhi | 1,27,100 | 1,27,320 |
| Bengaluru | 1,27,420 | 1,27,320 |
| Hyderabad | 1,27,520 | 1,27,320 |
| Chennai | 1,27,690 | 1,27,320 |
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