Gold Price Update: The prices of gold and silver are constantly fluctuating. Gold rates are changing rapidly. On October 2, 2025, gold and silver prices in the Indian bullion market saw a slight decline. However, gold rates remain at all-time highs. A slight decrease in the price of 24-carat gold has also been observed in four major Indian cities. Chennai has the highest prices. Silver prices also remain at all-time highs. Silver prices are trading at ₹1,44,640 per kilogram. 24-carat gold rates are currently above ₹1,16,000. Gold prices may vary slightly in several major cities depending on local taxes and demand.
US Dollar and Bond Yields
The improvement in the US dollar index and Treasury bond yields is putting pressure on gold prices. A strengthening dollar makes it more expensive for investors holding other currencies to purchase gold.
Profit Booking
After prices reached record highs, many investors sold to book profits, leading to a slight decline in prices.
Experts say that a significant decline in gold prices is unlikely. Geopolitical tensions and uncertainty surrounding the Reserve Bank’s interest rate policies remain. Buyers are advised to check the IBJA rates and the making charges and GST (3%) levied by their local jeweller before making a purchase.
Gold Price in Mumbai
The price of 24-carat gold in Mumbai remains at ₹118,690 per 10 grams. Meanwhile, the price of 22-carat gold is ₹108,800 per 10 grams.
Gold Price in Jaipur
The price of 24-carat gold in Jaipur is ₹118,840 per 10 grams, and the cost of 22-carat gold is ₹108,950 per 10 grams.
Gold Price in Lucknow
The price of 24-carat gold in Lucknow is ₹118,840 per 10 grams, and the cost of 22-carat gold is ₹108,950 per 10 grams.
Gold Price in Delhi
The price of 24-carat gold in Delhi is ₹118,840 per 10 grams, and the cost of 22-carat gold is ₹108,950 per 10 grams.
Gold Price in Kolkata
The price of 24-carat gold in Kolkata is ₹118,690 per 10 grams, and the cost of 22-carat gold is ₹108,800 per 10 grams.