Ahmedabad, October 13, 2025-Gold and Silver Prices Broke Records: Ahead of the auspicious Pushya Nakshatra, gold and silver prices in India once again touched record highs on Monday. According to the India Bullion and Jewellers Association (IBJA), gold surged by ₹2,244 per 10 grams, reaching ₹1,23,769 compared to ₹1,21,525 on the previous trading day. In Ahmedabad, 24-carat gold crossed the ₹1.25 lakh mark, trading at ₹1,25,450 per 10 grams.
At the same time, silver also witnessed a massive one-day jump of ₹8,625 per kilogram, pushing its price to ₹1,73,125 per kg, up from ₹1,64,500 on Friday. Both metals are showing continued momentum driven by festive demand, global uncertainties, and central bank buying.
Gold Prices in Ahmedabad (as of October 13, 2025)
| Carat | Price (₹/10 grams) |
|---|---|
| 24 Carat | ₹1,25,450 |
| 22 Carat | ₹1,15,000 |
| 18 Carat | ₹94,100 |
Source: IBJA
Gold and Silver Prices Have Risen Sharply in 2025
Since the beginning of the year, gold has become costlier by ₹47,607 per 10 grams, while silver prices have risen by ₹87,108 per kg.
On December 31, 2024, 24-carat gold was priced at ₹76,162 per 10 grams — now it stands at ₹1,23,769.
Similarly, one kilogram of silver, which cost ₹86,017 at the end of 2024, is now trading around ₹1,52,700.
Analysts Predict Gold Could Touch ₹1.55 Lakh
According to the latest report by Goldman Sachs, the bank has set a global target of $5,000 per ounce for gold by next year. At current exchange rates, this translates to approximately ₹1,55,000 per 10 grams in Indian currency.
Supporting this view, Sandeep Raichura, Director of PL Capital, said that gold could easily reach ₹1,44,000 per 10 grams in the near future if global demand and macroeconomic trends continue.
Current Gold Prices Across Major Indian Cities
| City | 24 Carat (₹/10g) | 22 Carat (₹/10g) |
|---|---|---|
| Ahmedabad | ₹1,25,450 | ₹1,15,000 |
| Mumbai | ₹1,25,400 | ₹1,14,950 |
| Kolkata | ₹1,25,400 | ₹1,14,950 |
| Chennai | ₹1,25,730 | ₹1,15,250 |
| Jaipur | ₹1,25,550 | ₹1,15,100 |
| Bhopal | ₹1,25,450 | ₹1,15,000 |
| Patna | ₹1,25,450 | ₹1,15,000 |
| Lucknow | ₹1,25,550 | ₹1,15,100 |
| Raipur | ₹1,25,400 | ₹1,14,950 |
| Delhi | ₹1,25,550 | ₹1,15,100 |
Source: GoodReturns, October 13, 2025
Three Major Reasons Behind the Rise in Gold Prices
1. Festive Season Demand
Gold buying in India peaks during Dhanteras and Diwali, which are considered highly auspicious occasions. Despite high prices, consumers have continued to invest in gold ornaments and coins, boosting market demand.
2. Geopolitical Uncertainty
Ongoing tensions in the Middle East, concerns over global trade wars, and policy uncertainty in the United States have led investors to seek safe-haven assets like gold. Such geopolitical risks often push gold prices higher.
3. Central Bank Purchases
Several central banks across the world are increasing their gold reserves to reduce dependency on the US dollar. This large-scale buying by global financial institutions has significantly influenced the overall upward trend in gold prices.
Why Silver Prices Are Also Rising
While gold is in the spotlight, silver has also seen a strong surge — and for good reasons. Here are the four main factors:
- Increased Festive Demand: Festivals such as Diwali and Karwa Chauth have boosted silver jewelry and utensil purchases.
- Weak Indian Rupee: A depreciating rupee has made imports costlier, resulting in higher silver prices.
- Industrial Demand Growth: Silver is a crucial component in electronics and solar panel manufacturing. Rising global demand from these industries has pushed prices up.
- Supply Shortage: A global deficit in silver supply has further tightened the market, accelerating price gains.
Is It the Right Time to Invest in Gold?: Gold and Silver Prices Broke Records
According to Ajay Kedia, Director of Kedia Advisory, gold prices have already jumped nearly 60% this year, leaving limited room for short-term gains. He suggests that investors looking for quick profits may consider booking partial gains. However, he believes that gold remains a strong long-term investment option, especially for portfolio diversification.
Also read: Crypto News Today: Why Is the Crypto Market Down on October 10, 2025?
Tips to Keep in Mind Before Buying Gold
As gold prices break new records, experts advise caution for buyers. Here are three key tips for safe and smart gold purchases:
1. Buy Only Certified Gold
Always buy BIS-hallmarked gold that carries a 6-digit Hallmark Unique Identification (HUID) number — for example, AZ4524. This alphanumeric code verifies the purity and authenticity of the gold item.
2. Cross-Check Prices Before Purchase
Before making any purchase, verify daily gold rates from reliable sources like the IBJA website. Prices differ based on purity — 24-carat gold is the purest form but too soft for jewelry, while 22-carat and 18-carat gold are commonly used for ornaments.
3. Avoid Cash Payments and Always Take a Bill
Opt for digital payment methods such as UPI, debit/credit cards, or bank transfers when buying gold. Always collect an official purchase bill for record and warranty purposes. If buying online, inspect the packaging and certification thoroughly upon delivery.
Also read: Gold Price Today: Surge in Gold Rates Ahead of Dussehra, Check 22 and 24 Carat Prices
Conclusion: Precious Metals Shine Bright Amid Global Uncertainty
With gold and silver prices breaking records, investors and buyers alike are watching the bullion market closely. The combination of festive demand, geopolitical uncertainty, and strong institutional buying has made gold and silver the most sought-after commodities of the season.
While experts caution against short-term speculation, the long-term outlook for precious metals remains positive. As global inflation persists and economic uncertainty grows, gold and silver continue to glitter as symbols of stability and security in every Indian household.
