Kerala joins India’s gold and silver rush: Prices climb on October 9, 2025 – Should you buy now?

Gold prices in India registered a minor increase on October 9, 2025, driven by festive season buying and favourable international cues. The price of 24-karat gold rose to ₹12,394 per gram nationally, with 22-karat gold priced at ₹11,361 and 18-karat gold at ₹9,296 per gram. Kerala, one of the country's largest gold-consuming states, reflected the same rates as the national average, indicating stable demand and aligned pricing across its markets.

While most metro cities reported similar rates, Chennai remained slightly higher at ₹12,421 for 24K gold, followed by Delhi at ₹12,409. Cities like Mumbai, Bangalore, Hyderabad and Kolkata maintained the national average, while Ahmedabad and Vadodara showed a marginally higher price of ₹12,399 per gram for 24K gold. The marginal price increase of ₹1 across karats from the previous day reflects strong yet steady momentum in the market.

Gold prices in major Indian cities (per gram)
 

Silver rates also move up slightly

Silver prices also saw a modest rise today, in line with global market movement and a relatively stable rupee. The average silver price across India is now ₹160.10 per gram, with a ₹0.10 increase from the previous day. The price per kilogram is ₹1,60,100. However, in cities like Chennai, Hyderabad, Coimbatore, and across Kerala, silver traded significantly higher at ₹170.10 per gram and ₹1,70,100 per kg, indicating strong regional demand — especially from jewellers and retail buyers during the festive season.

The southern markets continue to reflect this seasonal premium, while cities in the north and west have remained closer to the national average.

Silver prices in major Indian cities
 

Outlook: Strong demand likely to support prices

With Dussehra, Diwali and the wedding season approaching, the demand for precious metals is expected to remain strong in the coming weeks. Analysts anticipate that prices may remain firm or even edge higher if international markets maintain their upward momentum. Both gold and silver continue to be seen as safe-haven investments amid global economic uncertainties and inflation concerns.