After a surge in buying on the auspicious occasion of Dhanteras, gold and silver prices slipped on Monday as investors booked profits.
In Mumbai, the price of 24-carat gold stood at Rs 1,32,780 per 10 grams, while 22-carat gold was priced at Rs 1,21,710 per 10 grams.
These rates exclude GST and making charges.
Meanwhile, silver was selling at Rs 1,84,900 per kg.
On the Multi Commodity Exchange (MCX), gold futures for December 5, 2025, were trading 0.35% higher at Rs 1,27,458 per 10 grams, while silver futures were down 0.65% at Rs 1,55,590 per kg in morning trade.
Diwali 2025: Festival of Lights and Prosperity
India celebrates Diwali 2025 on Monday, October 20 — a festival symbolizing the victory of light over darkness and good over evil.
The celebration marks Lord Rama’s return to Ayodhya after defeating Ravana and is observed by Hindus, Jains, Sikhs, and Buddhists across the country.
Diwali is also seen as a time of renewal and prosperity.
Homes are cleaned and decorated with diyas, sweets are exchanged, and families pray for wealth and well-being.
Many businesses also start their new financial year during this festive period.
City-Wise Gold Prices on October 20, 2025
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,19,990 | Rs 1,31,000 |
| Jaipur | Rs 1,20,090 | Rs 1,31,000 |
| Ahmedabad | Rs 1,21,760 | Rs 1,30,900 |
| Pune | Rs 1,19,940 | Rs 1,30,850 |
| Mumbai | Rs 1,19,940 | Rs 1,30,850 |
| Hyderabad | Rs 1,19,940 | Rs 1,30,850 |
| Chennai | Rs 1,19,940 | Rs 1,30,850 |
| Bengaluru | Rs 1,19,940 | Rs 1,30,850 |
| Kolkata | Rs 1,19,940 | Rs 1,30,850 |
In the international market, spot gold prices stood at $4,256.7 per ounce, up 0.09% from the previous close.
Silver Demand Surges, Causing Global Shortage
India’s strong festive demand for silver is creating a ripple effect in the global market.
According to a Bloomberg report, London is facing a severe shortage of silver as Indian buyers continue to purchase large quantities of silver jewelry and coins.
The report also noted that silver demand is outpacing supply by 678 million ounces, mainly due to growing use in the solar industry.
What Drives Gold Prices in India?
Gold rates in India are influenced by several factors — international prices, import duties, currency exchange rates, and taxes.
Given its cultural and financial importance, gold remains one of India’s most trusted investment options, especially during weddings and festivals.
As market conditions continue to fluctuate, experts recommend staying updated on price trends to make informed investment decisions.
