Gold prices in India displayed notable early movement on October 23, 2025, as traders and investors tuned in to the latest market updates.
After a week of volatility and corrections, the yellow metal experienced a slight rise across major cities, including Delhi, Mumbai, and Hyderabad. Investors are keeping a close watch on international cues, economic data, and decisions by central banks to anticipate the future trajectory of precious metals.
Today, the gold rate in Delhi stands at ₹1,25,890 per 10 grams for 24-carat gold, while 22-carat gold is priced at ₹1,15,400 per 10 grams. Mumbai’s gold rate for 24K is currently reported around ₹12,508 per gram, with 22K gold at ₹11,465 per gram, reflecting minor fluctuations from the previous close.
Hyderabad, along with other cities like Kolkata, Chennai, and Bangalore, saw similar trends with slight increases in early trade, following a recent correction phase.
| City | 24K Gold/10 gm | 22K Gold/10 gm | 18K Gold/10 gm |
|---|---|---|---|
| Delhi | ₹1,25,890 moneycontrol | ₹1,15,400 moneycontrol | ₹94,420 moneycontrol |
| Mumbai | ₹1,25,080 goodreturns | ₹1,14,650 goodreturns | ₹93,810 goodreturns |
| Hyderabad | ₹1,19,957 groww | ₹1,19,957 groww | N/A |
| Kolkata | ₹1,19,957 groww | ₹1,19,957 groww | N/A |
| Chennai | ₹1,19,448 groww | ₹1,19,448 groww | N/A |
Several factors contributed to today’s movement in gold prices:
Global Profit Booking: Investors globally booked profits ahead of significant events, causing a temporary dip followed by a rebound in prices.
Central Bank Policy: Market anticipation of the US Federal Reserve’s upcoming rate decision has affected gold’s safe-haven appeal. A dovish outlook could push prices higher across international and domestic markets.
Geopolitical Tensions: Recent easing in US-China trade tensions and diminishing risks in West Asia led to increased trading activity and sharper volatility.
Festival Demand: Seasonal buying during Diwali and Bhai Dooj has heightened demand, often resulting in price fluctuations.goodreturns+1
The past week has been particularly eventful, with prices in India swinging sharply. The post-Diwali period saw a correction, as gold touched record highs before pulling back. In fact, 100 grams of 24K gold in India witnessed a decline of nearly ₹76,900 over six days, marking one of the steepest short-term falls this year.
However, today’s early trade reflects a modest recovery and renewed buying enthusiasm among retail and institutional investors.
Analysts suggest monitoring the next moves by the US Federal Reserve, as interest rate changes can directly affect gold’s performance. With the wedding season, festival demand, and economic uncertainties, many expect gold prices to stabilize or rebound in the weeks ahead. Long-term investors often use such dips as buying opportunities, but short-term movements will depend on global data releases and subsequent market reactions.timesofindia.indiatimes
Compare Prices: Always check rates across multiple cities and jewelers before making a purchase.
Purity Matters: Verify whether the quote is for 24K, 22K, or 18K gold, as purity significantly impacts pricing.
Watch Market Trends: Stay updated with financial news and commodity reports to make informed decisions.
Despite recent volatility, gold remains a cornerstone investment for Indian households and a hedge against inflation and economic risks. As October 23, 2025, unfolds, investors and buyers are advised to keep a close watch on live market trends and global developments.
Today’s modest rise in early trade may signal renewed strength for the yellow metal as India heads into seasonally strong months for bullion demand.