BUSINESS DESK: Shocking Gold Surge Hits Buyers Hard
With geopolitical tensions on the rise, more people are seeking refuge in reliable investments like gold.
This shift has sparked a sharp uptick in demand, leaving potential buyers facing steeper costs than expected.
As of 6:30 AM on September 30, 2025, rates have climbed to unprecedented levels, building on daily gains.
The weakening rupee versus the dollar has amplified this trend, making gold even pricier for local markets.
Factors Fueling the Climb
Investors view gold as a steady option amid global instability, which naturally boosts its value through higher buying interest.
Yesterday’s rates were lower by nearly Rs. 1,000, highlighting the rapid escalation.
Currency dynamics are key here, as a softer rupee raises import expenses and pushes domestic prices upward.
Gold Prices by City
Across India, 24-carat gold for 10 grams mostly sits at Rs. 1,16,410, with minor differences in select areas.
The 22-carat variant aligns at Rs. 1,06,710 in many spots.
Check these city-specific figures (24-carat / 22-carat per 10 grams):
- Hyderabad: Rs. 1,16,410 / Rs. 1,06,710
- Vijayawada: Rs. 1,16,410 / Rs. 1,06,710
- Delhi: Rs. 1,16,560 / Rs. 1,06,860
- Mumbai: Rs. 1,16,410 / Rs. 1,06,710
- Vadodara: Rs. 1,16,460 / Rs. 1,06,760
- Kolkata: Rs. 1,16,410 / Rs. 1,06,710
- Chennai: Rs. 1,16,410 / Rs. 1,06,710
- Bengaluru: Rs. 1,16,410 / Rs. 1,06,710
- Kerala: Rs. 1,16,410 / Rs. 1,06,710
- Pune: Rs. 1,16,410 / Rs. 1,06,710
Silver Trends Update
Silver has seen a modest Rs. 100 bump from the prior day, mirroring the broader precious metals rally. Regional variations persist, often tied to local trading volumes.
Here’s the breakdown per kilogram:
- Hyderabad: Rs. 1,60,100
- Vijayawada: Rs. 1,60,100
- Delhi: Rs. 1,50,100
- Chennai: Rs. 1,60,100
- Kolkata: Rs. 1,50,100
- Kerala: Rs. 1,60,100
- Mumbai: Rs. 1,50,100
- Bangalore: Rs. 1,50,100
- Vadodara: Rs. 1,50,100
- Ahmedabad: Rs. 1,50,100
Always double-check with dealers, as these figures can fluctuate quickly.