Premium Updated Oct 20, 2025, 11:20 AM IST
Gold prices today: As of 10:35 AM, gold prices were up 0.8 per cent or Rs 993, trading at Rs 1,28,001. Prices also touched an intraday high of Rs 1,28,556, just Rs 3,738 shy of the all-time high of Rs 1,32,294. On Friday, gold prices had reached a record high earlier in the session but later dipped, hitting an intraday low of Rs 1,25,957.
As of 10:35 AM, gold prices were up 0.8 per cent or Rs 993, trading at Rs 1,28,001. Prices also touched an intraday high of Rs 1,28,556, just Rs 3,738 shy of the all-time high of Rs 1,32,294.
On Friday, gold prices had reached a record high earlier in the session but later dipped, hitting an intraday low of Rs 1,25,957.
According to the Press Trust of India (PTI), Prathamesh Mallya, DVP – Research, Non-Agri Commodities and Currencies, Angel One, stated, The shine in gold prices just does not stop as the momentum has been on the rising side throughout 2025, supported by policy uncertainty, US tariffs, and a slowdown in the American economy.
Festive Sentiment Drives Domestic Demand
India, currently celebrating the auspicious festival of Diwali, traditionally sees a surge in gold purchases. Gold holds deep religious and cultural significance during the festival, blending mythology with economic value. This festive demand often pushes prices higher during celebratory seasons.
Global Factors Supporting Bullion
On the international front, expectations of a rate cut next week, particularly a 25 basis point reduction as per CME’s FedWatch Tool, have also bolstered sentiment. Lower interest rates typically increase the appeal of gold, a non-yielding safe-haven asset, thus driving prices upward.
Analysts’ Take on Near-Term Outlook
Despite current gains, some analysts caution that the momentum may slow in the near term.
Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services Ltd, stated, “Gold prices are likely to see some corrections/consolidation as ongoing fundamentals are already priced in and physical demand wanes post mid-week.”
As cited by PTI, he added, Gold ended last week on a positive note, supported by festive demand in India and strong ETF buying.
Check City-Wise Prices
| City | Price/10g |
| Ahmedabad | 1,30,895 |
| Bengaluru | 1,31,032 |
| Chandigarah | 1,31,032 |
| Chennai | 1,31,016 |
| Delhi | 1,31,410 |
| Gurgaon | 1,31,023 |
| Hyderabad | 1,30,879 |
| Kolkata | 1,30,875 |
| Mumbai | 1,30,877 |
| Noida | 1,31,043 |
| Patna | 1,30,919 |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
