Across the country, gold prices remained largely stable today, reflecting a cautious equilibrium in the markets after some volatility observed earlier in the month. As of October 13, 2025, the indicative price for 24-karat gold (999 purity) in India hovers around ₹12,525 per gram, while 22-karat gold (91.6% purity) is priced at approximately ₹11,482 per gram nationally. This is nearly same as last week gold prices.
City-Wise Snapshot: Where Does Your Gold Stand?
While the national averages provide a general idea, local demand, taxes, and making charges always bring slight variations. Here’s a quick glance at the rates for 10 grams of gold in some of India’s major metropolitan areas today:
- Delhi: The capital saw 24-karat gold at around ₹1,25,253 per 10 grams and 22-karat at ₹1,14,823 per 10 grams. Reports from some sources indicated a marginal increase of ₹82 for 24K and ₹75 for 22K per gram compared to yesterday in Delhi.
- Mumbai: In the financial hub, 24-karat gold was priced at approximately ₹1,25,107 per 10 grams, with 22-karat at ₹1,14,677 per 10 grams. Similar to Delhi, Mumbai also witnessed a slight uptick, with 24K gold rising by ₹82 and 22K by ₹75 per gram from the previous day, according to some reports.
- Chennai: The southern gold-loving city saw rates slightly higher, with 24-karat gold at ₹1,25,481 per 10 grams and 22-karat at ₹1,15,021 per 10 grams.
- Bangalore: For the tech city, 24-karat gold stood at ₹1,25,095 per 10 grams, and 22-karat at ₹1,14,665 per 10 grams.
- Kolkata: In the ‘City of Joy,’ 24-karat gold was around ₹1,25,105 per 10 grams, and 22-karat at ₹1,14,675 per 10 grams.
It’s worth noting that while some sources reported minor daily changes for today, others indicated zero change from yesterday, suggesting a broadly steady market for October 13th.
The Economic Alchemy Behind Gold Prices
Gold prices aren’t set in isolation; they are a complex interplay of global and domestic factors. Internationally, the strength of the US dollar and decisions by the US Federal Reserve on interest rates play a pivotal role. A stronger dollar typically makes gold more expensive for holders of other currencies, dampening demand.
Domestically, inflation rates are a significant driver, with gold often acting as a hedge against rising prices. When inflation rises, the purchasing power of currency declines, leading investors to flock to gold as a safe haven. Geopolitical tensions, such as global conflicts or political instability, also tend to boost gold’s appeal as a secure asset during uncertain times, driving up its price.
Festive Demand and Policy Impact
In India, seasonal demand is a perennial factor. The upcoming festive season and ongoing wedding preparations traditionally see a surge in gold purchases, which can influence local prices. Government policies, particularly import duties and the Goods and Services Tax (GST) on gold, also have a direct impact on the final retail price. Fluctuations in the Rupee-dollar exchange rate further affect the cost of imported gold, which India heavily relies on.
What Lies Ahead: A Glimmer of Caution?
Looking ahead, some financial analysts predict a potential decline in gold prices in the coming quarters of 2025. Factors cited include a potentially strengthening US dollar, further tightening of monetary policy by the US Federal Reserve, and a possible slowdown in gold purchases by global central banks. A strong recovery in global and Indian stock markets could also divert investor attention away from gold towards higher-yielding assets.
However, despite these potential headwinds, gold remains a favoured investment for many Indians, considered a valuable long-term asset and a hedge against inflation. Any dips in price might be seen as buying opportunities by savvy investors, especially with persistent macroeconomic uncertainty expected to continue.
For those tracking gold’s journey, staying updated on these complex market dynamics is key to making informed decisions. You can view India’s historical gold price trends [here] for a broader perspective.Any stock market-related information on this website is for informational purposes only. Users are advised not to use this as a recommendation of any sort.
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