As the festive season continues to illuminate India, with Diwali just around the corner, the glitter of gold and silver remains a significant part of household budgets and investment portfolios. Following the auspicious days of Dhanteras, precious metal prices have seen interesting movements across major Indian cities. Let’s unearth how gold and silver rates stand today, October 20, 2025, compared to yesterday and a week prior.
Gold’s Glitter: A Snapshot Across Metros
The yellow metal, a perennial favorite for investment and adornment, has shown a mixed but generally upward trend over the past week, driven by festive demand and global cues. Today, October 20, 2025, the average 24-carat gold price in India hovers around ₹1,31,033 per 10 grams, while 22-carat gold is approximately ₹1,20,123 per 10 grams.
Comparing this to yesterday, October 19, 2025, when 24-carat gold was around ₹1,30,860 per 10 grams and 22-carat gold at ₹1,19,950 per 10 grams, we see a marginal uptick. A week ago, on October 13, 2025, prices were notably lower, with 24-carat gold at about ₹1,25,400 per 10 grams and 22-carat gold at ₹1,14,950 per 10 grams, indicating a significant rally over the past seven days.
City-wise Gold Rates (Per 10 Grams)
| City | 24K (Oct 20) | 22K (Oct 20) | 24K (Oct 19) | 22K (Oct 19) | 24K (Oct 13) | 22K (Oct 13) |
|---|---|---|---|---|---|---|
| Delhi | ₹1,27,000 | ₹1,20,950 | ₹1,31,010 | ₹1,20,100 | ₹1,25,550 | ₹1,15,100 |
| Mumbai | ₹1,31,033* | ₹1,20,123* | ₹1,30,860 | ₹1,19,950 | ₹1,25,400 | ₹1,14,950 |
| Chennai | ₹1,31,033* | ₹1,20,123* | ₹1,30,910 | ₹1,20,000 | ₹1,25,730 | ₹1,15,250 |
| Bengaluru | ₹1,31,033* | ₹1,20,123* | ₹1,30,860 | ₹1,19,950 | ₹1,25,400 | ₹1,14,950 |
| Hyderabad | ₹1,31,033* | ₹1,20,123* | ₹1,30,889 | ₹1,19,979 | ₹1,25,400 | ₹1,14,950 |
| Kolkata | ₹1,31,033* | ₹1,20,123* | ₹1,30,860 | ₹1,19,950 | ₹1,25,400 | ₹1,14,950 |
*Note: Figures marked with an asterisk indicate India’s average rate applied where specific city data for Oct 20, 2025, wasn’t exclusively available, reflecting general market trend. Local prices may vary slightly.
Dhanteras Effect: Fueling the Festive Rush
The recent surge in gold prices can largely be attributed to the commencement of the festive season, particularly the auspicious period around Dhanteras. While some sources indicated Dhanteras on October 18, 2025, marking the start of Diwali festivities, other reports suggested October 31. Regardless of the exact date, the sentiment of auspicious buying during this period has been palpable. Historically, Indians flock to jewellery stores during Dhanteras to purchase gold and silver, believing it ushers in prosperity and good fortune. This year was no different, with demand picking up despite record-high prices.
Analysts note that gold prices reached historic highs at the start of October, partly due to global concerns like a potential US government shutdown, driving demand for safe-haven assets. Even with a slight correction around Chhoti Diwali (October 19), the overall outlook for gold remains bullish, with some experts predicting prices to hit the ₹1.5 lakh mark per 10 grams by 2026 Samvat.
Silver’s Shine: Riding the Precious Metal Wave
Silver, often dubbed ‘poor man’s gold’, has also been on a robust upward trajectory. Today, October 20, 2025, the all-India average silver rate stands at approximately ₹1,71,900 per kilogram. This is a slight dip from yesterday’s ₹1,72,000 per kilogram. A week ago, on October 13, 2025, silver was trading around ₹1,71,085 per kilogram, showcasing a relatively stable yet firm trend. However, some cities like Delhi and Hyderabad have reported higher silver rates, reflecting localised demand surges. For instance, Delhi’s silver rate today is ₹1,90,000 per kg.
The white metal’s demand is not just driven by festive buying but also by its increasing industrial applications in electronics, solar energy, and automobiles. This dual demand profile, coupled with global market trends and a fluctuating rupee against the dollar, continues to influence its pricing.
The Bigger Picture
The strong performance of both gold and silver underscores their role as hedges against inflation and economic uncertainty. With the festive season continuing, and global geopolitical tensions always a factor, precious metals are likely to remain attractive to Indian consumers and investors alike. While prices have seen a remarkable surge, their cultural significance and perceived long-term value ensure sustained interest.
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