Gold Rates In India Fly To New Historic Highs, Silver Rates Jump Too; Check 24K, 22K, 18K Gold Prices On Oct-6

Gold rates in India continued their wild ride to hit new historic highs on Monday, October 6th, with 24 carat gold crossing the Rs 1.20 lakh mark in 10 grams, while the 100 grams gold price recorded around a Rs 13,700 jump in a single day. Meanwhile, silver rates touched a new record too, with the price of 1 kg touching Rs 1.56 lakh. The reason behind the latest robust spike in precious metals is the decline in dollar and bond yields coupled with geopolitical uncertainties. The performance also comes despite US President Donald Trump pushing a peace plan between Israel and Gaza to end the 2-year-long war.

"Bullion markets witnessed another strong week, with gold and silver extending gains and touching record highs. The precious metals found support from profit-taking in the dollar index, declining U.S. bond yields, geopolitical uncertainties, and the U.S. government shutdown," said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.

Gold Rates In India:

24 Carat Gold Prices:

10 grams gold price in 24 carat climbed sharply by Rs 1,370 on October 6th, to touch a new record high of Rs 1,20,770. Also, at new peak, 100 grams gold price stood at Rs 12,07,700, rising by a whopping Rs 13,700. Additionally, 8 grams gold price jumped by Rs 1,096 to Rs 96,616 and 1 gram gold was up by Rs 137 to Rs 12,077.

22 Carat Gold Prices:

In case of 22 carat, 10 grams gold price zoomed by Rs 1,250 to new peak of Rs 1,10,700 and 100 grams gold price soared by Rs 12,500 to Rs 11,07,000. Also, 8 grams gold advanced by Rs 1,000 to Rs 88,560. The cheapest gold of 1 gram is at Rs 11,070, up by Rs 125.

18 Carat Gold Prices:

Under 18 carat, 10 grams gold price rallied by Rs 1,030 to Rs 90,580, while 100 grams gold climbed by Rs 10,300 to Rs 9,05,800. Also, 8 grams gold price jumped by Rs 824 to Rs 72,464 and 1 gram gold edged higher by Rs 103 to Rs 9,058.

Check Gold Rates In Your Cities:

Gold Rates In Chennai:

The price of gold in Chennai is at Rs12,066 per gram for 24 karat gold, at Rs11,060 per gram for 22 karat gold and at Rs 9,160 per gram for 18 karat gold (also called 999 gold).

Gold Rates In Bengaluru:

The price of gold in Bengaluru is at Rs 12,077 per gram for 24 karat gold, at Rs 11,070 per gram for 22 karat gold and at Rs 9,058 per gram for 18 karat gold (also called 999 gold).

Gold Rates In Hyderabad:

The price of gold in Hyderabad is at Rs12,077 per gram for 24 karat gold, at Rs 11,070 per gram for 22 karat gold and at Rs 9,058 per gram for 18 karat gold (also called 999 gold).

Gold Rates In Mumbai:

The price of gold in Mumbai is at Rs 12,077 per gram for 24 karat gold, at Rs 11,070 per gram for 22 karat gold and at Rs 9,058 per gram for 18 karat gold (also called 999 gold).

Gold Rates In Delhi:

The price of gold in Delhi is at Rs 12,092 per gram for 24 karat gold, at Rs11,085 per gram for 22 karat gold and at Rs 9,073 per gram for 18 karat gold (also called 999 gold).

Silver Rates In India:

Similarly, silver rates touched new record lifetime highs. The cheapest silver is at Rs 156 per 1 gram. But, 1Kg silver price climbed by Rs 1,000 to Rs 1,56,000 on October 6th. The prices of 100 grams and 10 grams silver stood at Rs 15,600 and Rs 1,560.

However, silver rates have outperformed gold in six days of October, with gains of 3.3%. Gold is up by nearly 1.3%.

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold price with December 2025 expiry, traded at Rs 1,19,818 per 10 grams, skyrocketing by Rs 1,700 or 1.44% from the previous day. The bullion touched a new high of Rs 1,19,933 per 10 grams in the early trade.

Meantime, MCX silver price with December 2025 expiry, traded at Rs 1,47,660 per 1kg, up by Rs 1,916 or 1.31% on Monday. During the opening bell, MCX silver climbed to new record of Rs 1,47,700 per 1KG.

Gold & Silver Rates In India Outlook Ahead:

According to Kalantri, gold surged past $3,900 per ounce, while silver tested $48 in the international market. Central banks continued their gold accumulation, adding 15 tonnes in September. The absence of U.S. job data and persistent Russia-Ukraine tensions kept safe-haven demand strong.

"Gold has support at $3845-3820 while resistance at $3920-3945. Silver has support at $47.50-47.30 while resistance is at $48.35-48.70. In INR gold has support at Rs1,17,600-1,17,280 while resistance at Rs1,18,750-1,19,400. Silver has support at Rs1,44,450-1,43,850 while resistance at Rs1,46,550, 1,47,450," he added.

Furthermore, Trump has urged both Israel and Hamas to move fast on Gaza peace plan, with a hint of an warning. He told the two conflicted parties that delay in peace plan could lead to massive bloodshed. Geopolitical crises in Middle East due to Hamas and Israel's war since October 7, 2023, has been one of the driving factor for precious metals.

Should You Buy Gold & Silver?

In their technical report dated October 6th, analysts at Nirmal Bang said, "Gold prices are expected to rise. Traders can buy at 118800 with a stop loss of 118400 for the target at 119500-120000.''

On silver, the analysts added, ''Silver prices are expected to rise. One can buy at 146200 with a stop loss of 145000 for the target 148500-150000.''

Spot Gold Price + Spot Silver Price

Gold prices rose past $3,900 per ounce to a record high on Monday, driven by investors seeking the safe-haven asset amid growing worries over a prolonged US government shutdown, as per Trading Economics. Meanwhile, Silver climbed above $48.3 per ounce on Monday, its highest level since April 2011, as the ongoing US government shutdown and expectations of further Federal Reserve rate cuts boosted demand for safe-haven assets.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.