Gold rates in India are unstoppable in their record rally and October 14th is no different. On Tuesday, 24 carat gold prices jumped by a whopping Rs 3,280 per 10 grams and skyrocketed to a mind-boggling Rs 32,800 in 100 grams. Gold is shining mightier than ever across carats ahead of Diwali cheers. Continuing the similar wild record rally, silver prices are also at a new all-time high. The prices of precious metals have seen strong back-to-back fresh all-time high rallies is due to uncertain global environment and expectations of monetary policy easing as CPI inflation falls below 2% in India.
10 grams gold price soared by a massive Rs 3,280 to Rs 1,26,680, while 100 grams gold rate saw the most spike by Rs 32,800 to Rs 12,86,800. Meanwhile, 8 grams gold price advanced by Rs 2,624 to Rs 1,02,844 and 1 gram gold price inched up by Rs 328 to Rs 12,856.
22 Carat Gold Rates:
Here, 10 grams gold price surged by Rs 3,000 to Rs 1,17,950 and 100 grams gold climbed by Rs 30,000 to Rs 11,79,500. Further, the 8 gram gold price soared by Rs 2,400 to Rs 94,360 and 1 gram gold is up by Rs 300 to Rs 11,795.
18 Carat Gold Rates:
The price of 18 carat gold in 10 grams soared by Rs 2,460 to Rs 96,510 and 100 grams gold jumped by Rs 24,600 to Rs 9,65,100. Also, 8 grams and 1 gram gold rates zoomed by Rs 1,968 and Rs 246 to Rs 77,208 and Rs 9,651 respectively.
"In today's markets, gold's demand as a safe-haven asset has been strengthened during times of global uncertainty and indications of possible monetary easing," said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA).
Check Gold Prices In Major Cities:
Gold Rates In Chennai:
Gold Rates In Bengaluru:
Gold Rates In Hyderabad:
Gold Rates In Mumbai:
Gold Rates In Delhi:
Gold Prices In India Outlook
According to Kamboj, most investors have considered it as a hedge against currency value decline and inflation. The rally has been further boosted by demand from both the retail & institutional markets.
Given India's festive spending and heightened geopolitical risks, he said, "we expect the trend to retain the potential for a further hike, though we will keep an eye on potential short-term corrections. Going forward, we will likely see further volatility as global decisions about rates and the dollar affect the market."
Also, silver rates in India have continued on a strong winning streak. The 1kg silver rate is by a whopping Rs 4,000 on October 14th to hit new peak of Rs 1,89,000. Meanwhile, the 100 grams and 10 grams silver rates are at Rs 18,900 and Rs 1,890 respectively.
"Silver has gained considerable attention lately from both industrial and investment sources due to tight supply and demand," Kamboj added.
Silver Prices In India Outlook:
As per the expert, unlike gold, silver is more cyclical and reacts to global economic cycles more than gold. This offers silver upside potential but also greater risk. The recent halting of inflows for silver ETFs demonstrates the supply pressure. Silver could continue to outperform in the near future, but will have more fluctuations than gold.
MCX Gold Price + MCX Silver Price:
At MCX, both the commodities accelerated to a new record highs. MCX gold price with December 2025 expiry rose to hit a new historic high of Rs 1,26,770 per 10 grams. And, the MCX silver price with December 2025 expiry surged to new lifetime high of Rs 1,62,285 per 1kg.
Should You Buy Gold & Silver Before Dhanteras?
In a technical report dated October 14th, analysts at Nirmal Bang said, "Gold prices are expected to rise. Traders can buy at 125500 with a stop loss of 125000 for the target at 126200-126800."
On the other hand, these analysts report said, "silver prices are expected to rise. One can buy at 156000 with a stop loss of 154500 for the target 158000-160000."
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.
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