As of the today i.e October 21, 2025, the current price of 24-carat gold in main Indian cities such as Delhi and Mumbai is around Rs 1,32,770 per 10 grams, and 22-carat gold is quoted at roughly Rs 1,21,700 per 10 grams. Putting this into perspective, 100 grams of 24K gold costs Rs 13,27,700, while 22K is priced at Rs 12,17,000. These are prices without GST and making charges. The recent trading sessions have witnessed gold prices touching new records, especially in the festive season, due to robust demand and overseas safe-haven purchasing.
Reasons Behind Recent Volatility
There are several reasons behind the recent volatility in gold prices in India:
- Increasing global geopolitical tensions and projected US Federal Reserve interest rate cuts have boosted safe-haven gold demand.
- Decline of the US dollar against other major currencies has made gold more desirable globally.
- Seasonal buying patterns resulting from the Diwali and wedding season in India have boosted physical gold demand.
- High import duties and domestic premiums have maintained Indian gold prices compared to global standards.
- Gold ETF inflows and higher institutional purchases also confirm the upward trend.
Gold Rate Prediction: November 2025 Expert Forecast
Market experts forecast that gold prices in India will continue to be volatile with an overall northward bias in November 2025. The tentative price range for 24-carat gold is between Rs 1,28,000 and Rs 1,38,000 per 10 grams. Main drivers of this perspective are additional possible reductions in US interest rates, continuing geopolitical uncertainties, and sustained strong domestic demand. Advisors recommend investors to be cautious, purchasing on dips instead of pursuing swift rallies and to look for inflation indicators and global economic signals.
Gold may test higher levels of resistance at around Rs 1,35,000 if global tensions worsen or if the dollar declines further. Corrections might emerge if US economic indicators indicate robust growth or dovish central bank policies re-emerge. Demand during the festive season and government policies regarding import duties will also be instrumental in price action.
Nutshell
Gold in India continues to be a preferred investment and cultural symbol, particularly during the festival season. The metal’s resilience continues despite recent record highs and fluctuations amid global economic uncertainty and domestic demand peaks. Gold investors must remain vigilant to market signals and practice defensive buying strategies to take advantage of potential price increases while staying effective in terms of risk management for November 2025.
