Gold Rate Today, October 18: Gold and silver on Friday fell globally on profit-booking, after a continuous rise amid global trade frictions and expectations of more rate cuts sent investors flocking to the
safe-haven metal. In Mumbai, the price of 24-carat gold stood at Rs 1,32,780 per 10 grams, while 22k gold was available at Rs 1,21,710 per 10 grams. These rates do not include GST and making charges.
Silver was available at Rs 1,84,900 per kg.
As the country celebrates Dhanteras 2025 today, gold has already given investors more reasons to celebrate to those bought gold last year and kept it. Gold prices have soared over 50% in 2025 alone, surpassing all expectations, and are showing little sign of slowing. At over Rs 1,30,000 per 10 grams, gold in India now trades at an all-time high, supported by a combination of global and domestic factors, including safe-haven demand, central bank buying, rupee depreciation, and hopes of further interest rate cuts by the US Federal Reserve.
In the international market, spot gold prices had surpassed $4,300 per ounce for the first time on Thursday, gaining 7.6% this week amid renewed US-China trade tensions and expectations of a US rate cut. On Friday, the prices fell to $4,213 an ounce.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 18?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,21,860 | Rs 1,32,930 |
| Jaipur | Rs 1,21,860 | Rs 1,32,930 |
| Ahmedabad | Rs 1,21,760 | Rs 1,32,830 |
| Pune | Rs 1,21,710 | Rs 1,32,780 |
| Mumbai | Rs 1,21,710 | Rs 1,32,780 |
| Hyderabad | Rs 1,21,710 | Rs 1,32,780 |
| Chennai | Rs 1,21,710 | Rs 1,32,780 |
| Bengaluru | Rs 1,21,710 | Rs 1,32,780 |
| Kolkata | Rs 1,21,710 | Rs 1,32,780 |
Silver Prices May Hit $60: Report
Silver may see an upside of around 20% over the next one year, with prices expected to reach $60 per ounce, according to the latest outlook by Emkay Wealth Management, the wealth and advisory arm of Emkay Global Financial Services. The report attributes this bullish forecast to a growing industrial demand and a persistent supply deficit of nearly 20%, which is likely to continue in the foreseeable future.
According to the report, gold returns have matched equities and outperformed bonds since the end of the gold standard.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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