Gold Rate in India Hits Fresh Highs! Will Samvat 2082 Spark Another Bull Run In Gold, Silver? 22 Oct Outlook

Gold Rate in India climbed to fresh all-time highs on Tuesday, just days after showing some stability around the historic Rs 1.3 lakh mark. Retail jewellery buyers and investors who were hoping for a price correction were left disappointed, as the precious metal surged again on October 21. With the beginning of Samvat 2082, all eyes are now on how gold prices will move on Wednesday, October 22.

Gold rate in India has surged by nearly 60% since the beginning of the year 2025. The massive jump in gold price valuation is way more than the average annual returns of 30%. The international gold prices remained at record-high levels amid rising geopolitical uncertainty, tariff tensions, and trade conflicts. Back in India, gold buying continued during the festive season despite gold price rally.

Gold Rate in India

The price of gold surged significantly on Tuesday, October 21. The price of 24 karat gold in India increased by Rs 208 per gram to Rs 13,277 per gram. Meanwhile, the price of 22 karat gold in Mumbai jumped from around Rs 190 per gram to Rs 12,170 per gram. Meanwhile, the rate of 18 karat gold in Mumbai increased from Rs 156 per gram to Rs 9,958.

Silver Rate in India

Silver rate in India on Tuesday saw some price correction. Silver prices fell by Rs 170 per gram and to Rs 1,70,000 per kilogram. Silver rate in India has surged significantly since the beginning of the year 2025. Silver prices have showcased a sharp surge in prices over the past few months, because of a silver supply shortage and strong industrial demand.

The international gold rate fell by 6.2% around $4,100 per ounce on Tuesday, which marked its biggest single day drop since April 2013. The massive decline came after the international gold prices surged to record high of $4,382 per ounce on Monday. The massive decline has come as investors continued to book profit as US dollar strengthened, while safe-haven demand tensions eased due to improving global sentiment.

Gold, Silver Price Outlook

The silver price on Wednesday may see some price correction as the international gold rate declined on Tuesday. "Gold prices have risen over 50% this year, fueled by a weaker USD, expectations of lower interest rates, strong central bank buying, and heightened geopolitical tensions. After touching a new all-time high of $4,381.21 per ounce on Monday, prices inched lower by 0.3% to $4,340.99 as investors began booking profits following the record run. Sustaining the rally could prove challenging, especially near the key $4,000-$4,400/oz psychological zone, though the broader bullish drivers remain intact," noted Ross Maxwell, Global Strategy Lead at VT Markets.

"Investors should adopt a disciplined approach, gradually entering positions through dollar-cost averaging, diversifying across instruments, and tracking key triggers like U.S. inflation data and Federal Reserve guidance. Gold continues to be a compelling hedge and portfolio diversifier, but prudent risk management and awareness of volatility are essential to navigate the current market phase," explained Maxwell.