Gold and silver prices see a slight drop on Diwali day despite festival demand. Check city-wise rates and understand the market dynamics for informed buying.
Indian consumers are flocking to jewellery stores this Diwali, but the prices of gold and silver are showing a subtle dip after hitting highs, offering a nuanced buying window.
Today’s price snapshot
24 K gold is quoted at ₹13,085 per gram.
22 K gold at ₹11,994 per gram.
18 K gold (also referred to as “999 gold” in some cases) comes in at ₹9,813 per gram.
Gold prices in major cities
| City | 24 K | 22 K | 18 K |
| Delhi | ₹13,100 | ₹12,009 | ₹9,828 |
| Mumbai | ₹13,085 | ₹11,994 | ₹9,813 |
| Chennai | ₹13,090 | ₹11,999 | ₹9,899 |
| Kolkata | ₹13,085 | ₹11,994 | ₹9,813 |
| Bengaluru | ₹13,085 | ₹11,994 | ₹9,813 |
| Hyderabad | ₹13,085 | ₹11,994 | ₹9,813 |
| Thiruvananthapuram | ₹13,085 | ₹11,994 | ₹9,813 |
Silver is trading around ₹1,71,900 per kilogram.
These numbers are based on verified jeweller sources and reflect local market conditions today.
Why the dip now?
Globally, bullion prices recently reached record highs and are now retracing slightly. For instance, Indian gold and silver retreated from all‑time peaks on October 19.
The domestic rupee’s strength and central‑bank cues (including from the Reserve Bank of India) are also moderating imported‑metal costs.
After the Dhanteras rush (traditionally a peak buying day for jewellery in India), much of the buying surge is done, so some profit‑booking on bullion is visible.
Why consumers and investors should still pay attention
Gold and silver remain deeply embedded in Indian culture: from Diwali “auspicious buys” to wedding‑season jewellery.
Despite the current dip, the underlying drivers remain strong: geopolitical uncertainty, inflation concerns and demand for safe‑haven assets.
Buyer & investor tips for this Diwali season
Always buy jewellery with the BIS hallmark certification to ensure purity.
Shop around: Compare rates and offers from multiple jewellers in your city.
Get proper billing and weight documentation, especially important for resale or certification.
Keep an eye on daily price trends: If you see a dip like today, you might get a slightly better deal than at peak festival demand.
Published: 20 Oct 2025, 07:50 am IST
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