Today Gold Rate in India: October 23, 2025 – 24K at ₹12,588/gram

The price of gold in India today stands at ₹12,588 per gram for 24 karat gold and ₹11,539 per gram for 22 karat gold as of October 23, 2025. Whether you’re planning a wedding purchase, investing in gold coins, or tracking your portfolio, understanding today gold rate can save you thousands of rupees.

Look, here’s what you need to know right away—gold prices don’t sit still. Actually, they bounce around every few hours depending on global markets, the dollar-rupee exchange rate, and how much people are buying. Because of this, that morning price? Well, it could be totally different by evening.

Now then, if you’re Indian, you already know gold isn’t just jewelry or an investment. Rather, it’s everything—security for tough times, family tradition, a way to hold onto your wealth. Take for example the recent Diwali and Dhanteras shopping frenzy. Clearly, that’s shaken things up big time. Hence, whether you’re buying for a wedding or your portfolio, you’ve got to understand what’s happening right now.

So here’s the plan. We’ll start by looking at today’s real prices, next we’ll figure out why they’re changing, and ultimately help you buy smart.

Today Gold Rate: Real-Time Prices Across India

National Average Prices (October 23, 2025)

Current gold prices in India stand at ₹12,588 per gram for 24 karat gold, ₹11,539 per gram for 22 karat gold, and ₹9,441 per gram for 18 karat gold.

24 Karat Gold (99.9% Pure) Today Gold Rate:

• Per gram: ₹12,588-12,603
• Per 10 grams: ₹1,25,880-1,26,030
• Best for: Investment, gold coins, bars

22 Karat Gold (91.6% Pure):

• Per gram: ₹11,480-11,554
• Per 10 grams: ₹1,14,800-1,15,540
• Best for: Jewelry, ornaments, wedding gold

18 Karat Gold (75% Pure):

• Per gram: ₹9,441-9,456
• Per 10 grams: ₹94,410-94,560
• Best for: Fashion jewelry, daily wear

Important: These rates don’t include GST (3% on gold value), making charges, or other levies. Actual purchase prices will be higher.

City-Wise Today Gold Rates

Major Metro Cities

According to the latest rates, 24K gold per gram is around ₹12,603 in Delhi, ₹12,588 in Mumbai, Kolkata, Chennai, and Bangalore. The rate of 22K gold stands at ₹11,554 in Delhi and ₹11,539 in other major cities.

Delhi Gold Rate:

• 24K: ₹12,603/gram | ₹1,26,030/10g
• 22K: ₹11,554/gram | ₹1,15,540/10g
• 18K: ₹9,456/gram | ₹94,560/10g

Mumbai Gold Rate:

• 24K: ₹12,588/gram | ₹1,25,880/10g
• 22K: ₹11,539/gram | ₹1,15,390/10g
• 18K: ₹9,441/gram | ₹94,410/10g

Chennai Gold Rate:

• 24K: ₹12,588/gram | ₹1,25,880/10g
• 22K: ₹11,539/gram | ₹1,15,390/10g
• 18K: ₹9,699/gram | ₹96,990/10g

Bangalore Gold Rate: The price of gold in Bangalore today is ₹12,508 per gram for 24 karat gold, ₹11,465 per gram for 22 karat gold and ₹9,381 per gram for 18 karat gold.

Kolkata Gold Rate:

• 24K: ₹12,588/gram | ₹1,25,880/10g
• 22K: ₹11,539/gram | ₹1,15,390/10g
• 18K: ₹9,441/gram | ₹94,410/10g

Hyderabad Gold Rate:

• 24K: ₹12,588/gram | ₹1,25,880/10g
• 22K: ₹11,539/gram | ₹1,15,390/10g
• 18K: ₹9,441/gram | ₹94,410/10g

Why Prices Vary Between Cities

Notice how Delhi’s rates are slightly higher? Or how Bangalore shows lower prices? Here’s why today gold rate differs across India:

Transportation Costs: Cities farther from Mumbai (India’s main gold import hub) pay more for transportation. This adds ₹15-50 per gram to the base price.

Local Taxes: State-level taxes and entry charges vary. Some states have higher local levies than others.

Demand Dynamics: Wedding season demand in Chennai might push prices up locally, while Mumbai’s competitive market keeps rates lower.

Making Charges: These vary dramatically—from 8% in some cities to 25% in others—affecting final jewelry prices significantly.

Recent Price Trends: What Happened This Month

October 2025 Price Movements

As of October 20th, the pure gold or 24-carat today gold rate in India slipped by Rs. 170 per 10 grams to cost Rs. 130,690 per 10 grams, while 22-carat gold prices fell by Rs. 150 per 10 grams to cost Rs. 1,19,800 per 10 grams.

The Diwali period saw interesting movements:

Pre-Diwali Surge: Gold prices climbed as festival buying intensified. Dhanteras alone saw massive purchases pushing demand sky-high.

Post-Diwali Correction: Today Gold rate in India continued to fall on Thursday, October 23, following economic uncertainties and central bank purchases, giving buyers slightly better rates.

Weekly Change: Prices have dropped approximately ₹500-600 per 10 grams compared to peak Diwali rates, offering current buyers better value.

Year-to-Date Performance: The average price of gold in 2025 was ₹283,265 per ounce, with the high point per ounce of 24K gold reaching ₹384,197 on October 20, 2025, and the low point at ₹224,549 per ounce on January 1, 2025.

What’s Driving Today Gold Rate?

International Factors

Global Gold Prices: India imports virtually all its gold. International spot prices directly impact domestic rates. Currently, global gold remains strong due to geopolitical tensions and economic uncertainty.

US Dollar Strength: When the dollar strengthens against the rupee, gold becomes more expensive in India. The current exchange rate around ₹83.5 per dollar keeps prices elevated.

Central Bank Activity: The price of gold in India is influenced by several domestic factors, including an increase in gold imports and the central bank’s higher gold reserves.

Economic Uncertainty: Global market volatility pushes investors toward gold as a safe haven, maintaining strong demand and supporting prices.

Domestic Influences

Import Duties: India levies approximately 15% import duty on gold. Any change in this rate immediately affects retail prices.

Festival Demand: October-November wedding season drives massive demand. Even post-Diwali, wedding purchases keep the market active.

Inflation Hedge: With inflation concerns, Indians traditionally buy gold to preserve purchasing power, supporting steady demand.

GST Impact: 3% GST is applicable on gold value and 5% GST on making charges, adding to the final purchase price.

Understanding Gold Purity: 22K vs 24K

Which Purity Should You Buy?

24 Karat Gold (99.9% Pure):

Characteristics:

• Brightest yellow color
• Softest texture
• Most expensive
• No alloy metals mixed

Best Uses:

• Gold coins for investment
• Gold bars
• Long-term wealth storage
• Purity-focused buyers

Advantages:

• Maximum resale value
• Internationally recognized purity
• Best for investment portfolios

Disadvantages:

• Too soft for intricate jewelry
• Bends easily
• Not suitable for daily wear pieces

22 Karat Today Gold Rate (91.6% Gold + 8.4% Alloy):

Characteristics:

• Slightly duller yellow
• Harder, more durable
• More affordable
• Mixed with copper, silver, or zinc

Best Uses:

• Wedding jewelry
• Chains, rings, earrings
• Traditional ornaments
• Daily wear pieces

Advantages:

• Durable enough for detailed designs
• Won’t bend or scratch easily
• Balances purity with practicality
• Widely accepted

Disadvantages:

• Slightly lower purity
• Marginally less resale value than 24K
• Contains alloy metals

Making the Right Choice

Choose 24K when investing or buying coins. Choose 22K for jewelry that you’ll actually wear. Simple as that.