Gold prices have once again started climbing after a brief decline earlier this week. With the wedding season approaching, market experts expect strong demand for gold and silver, which may lead to further price increases in the coming days.
According to the Indian Bullion and Jewellers Association (IBJA), by the end of trading on Friday, October 31, 2025, the price of 24-carat gold stood at ₹1,20,770 per 10 grams, while silver reached ₹1,49,125 per kilogram.
As the bullion market remains closed on weekends, Friday’s closing prices will remain valid for Saturday and Sunday.
Gold and Silver Price Summary (as per IBJA)
| Purity | Gold Price (₹/10g) | Silver Price (₹/kg) |
|---|---|---|
| 24-Carat Gold | ₹1,20,770 | – |
| 23-Carat Gold | ₹1,20,286 | – |
| 22-Carat Gold | ₹1,10,625 | – |
| 18-Carat Gold | ₹90,578 | – |
| 14-Carat Gold | ₹70,651 | – |
| 999 Silver | – | ₹1,49,125 |
On the Multi Commodity Exchange (MCX), gold futures were trading slightly lower at ₹1,21,290 per 10 grams, while silver futures declined to ₹1,48,430 per kilogram.
City-Wise Gold Rates in India (November 1, 2025)
| City | 22-Carat Gold (₹/10g) | 24-Carat Gold (₹/10g) |
|---|---|---|
| Delhi | ₹1,13,160 | ₹1,23,440 |
| Mumbai | ₹1,13,010 | ₹1,23,290 |
| Chennai | ₹1,13,010 | ₹1,23,290 |
| Kolkata | ₹1,13,010 | ₹1,23,290 |
| Ahmedabad | ₹1,13,060 | ₹1,23,340 |
| Hyderabad | ₹1,13,010 | ₹1,23,290 |
| Jaipur | ₹1,13,160 | ₹1,23,440 |
(Note: Rates are indicative and may vary slightly across jewellers due to local taxes and making charges.)
Why Are Gold Prices Rising Again?
Analysts suggest that increased festive and wedding season demand, along with global market cues, is driving the recent price hike.
Key factors influencing the trend include:
-
Rising demand from retail and jewellery buyers.
-
A softer US dollar and expectations of lower global interest rates.
-
Continued investment demand for gold as a safe-haven asset.
Expert Outlook
Financial experts predict that gold prices may remain firm throughout November as wedding-related purchases pick up pace. Investors are advised to monitor global market trends and currency fluctuations before making large investments.
Silver Prices Also Edge Higher
Silver followed gold’s upward trend, closing at ₹1,49,125 per kilogram. The surge is attributed to increased industrial demand and festive consumption. Traders expect silver prices to hover between ₹1,48,000 and ₹1,52,000 per kg in the near term.
