MCX Gold Breaks Records,Oct 14: Gold Rate Rallies & Silver Soars 4.5% Just Days Before Dhanteras & Diwali

The gold rate in India sees no sign of easing today and has reached unprecedented levels so far this year. In just last three days, gold rates have jumped by around Rs. 4500 per 10 grams in the retail market

Gold Rate on the Multi-Commodity Exchange

At the time of writing, on the Multi Commodity Exchange, gold futures, which are expected to mature on December 5th, jumped 1.40% to trade at Rs. 126,373 per 10 grams. While Silver futures existing on December 5th also jumped 4.54% to trade at Rs. 161,660 per kg.

Gold rate in India In The Retail Market

On 14th October 2025, the 24-carat gold rates in India spiked by Rs 328 to cost Rs 128,680, while the 22-carat gold jumped Rs 300 to retail at Rs 117,950. Meanwhile, the 18-carat gold rates in India also soared to Rs. 246, currently at Rs. 96,510.

100 grams of 22-carat gold jumped remarkably. By Rs. 3,280, bringing the prices to Rs. 12,86,800 In a similar manner, the 24-carat gold per 100 grams surged Rs. 3000 to retail at Rs. 11,79,500. Lastly, 18-carat gold rates rose to Rs. 2460 per 100 grams, costing Rs. 965,100.

Silver rate in India today

Silver rate in India is rising unstoppably; in just 8 days the white metal has jumped 33000 per kg. As of today the silver rate in India is Rs. 189,000 per kg after jumping by Rs. 4000. While 100 g of silver is available at Rs. 18,900.

Spot Gold Price and Spot Silver Price

"Spot gold surged to record highs above $4,060/oz, as escalating US-China trade tensions and mounting global economic uncertainty fuelled the price rise, while silver extended its rally to $51.5/oz in a historic squeeze driven by tight supply and rising lease rates," as per Kotak Securities.

Factors Impacting Gold Prices Rally

Gold prices jumped to around $4,130 in early trading this morning on Tuesday, due to global and domestic factors.

On the international front, the US-China trade tensions and expectations of a possible Fed rate cut have boosted demand for gold as a safe-haven investment. Investors are also keeping a close eye on Federal Reserve Chairman Powell's upcoming speech today, which could further influence gold prices in the global market.

In India, gold rates are rising sharply due to increased domestic demand, as the market gears up for the upcoming festive season. Traditionally, festivals like Dhanteras and Diwali see a major spike in gold purchases, as gold is considered auspicious during this time.

Outlook For Gold & Silver

According to the India Bullion & Jewellery Association Ltd., "Spot silver climbed as much as 3.9% above $52 an ounce, exceeding last week's peak, while gold surged to a fresh record above $4,115, building on a record-breaking run of eight weekly gains. Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to higher for the day; as silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that's been fueled by surging demand for safe-haven assets. "

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