The price of gold and silver increased significantly. Ten grams of 24-carat gold cost ₹1,19,980 on Tuesday, but on Wednesday, the amount increased to ₹1,22,089 on Wednesday. This indicates that in a single day, the price of gold rose by ₹2,109. In a similar vein, silver prices increased by ₹3,262 on Wednesday over Tuesday.
Although it’s difficult to accept, the price of one kilogram of silver has surpassed ₹1.5 lakh. Following the spike in gold prices, silver became a popular option for investors. However, it appears that a competition between gold and silver has started to determine who can advance more quickly.
Gold and Silver Prices Soar Ahead of Karva Chauth
With Karva Chauth falling on October 10, women traditionally rush to buy gold and silver jewelry. But this year, skyrocketing prices are leaving many stunned. Daily fluctuations in rates are becoming the norm, and whether it’s for a festival or a wedding, jewelry is set to remain expensive.
Silver Rate Today: Silver Crosses ₹1.5 Lakh
Just two days before Karva Chauth, gold and silver prices reached new highs. On Wednesday, gold hit a record high. According to IBJA, the price of 10 grams of 24-carat gold surged to ₹1,22,089, while silver climbed to ₹1,52,700 per kilogram.
In just a single day, prices saw significant jumps. On Tuesday, 10 grams of 24-carat gold was ₹1,19,980, marking a ₹2,109 increase in 24 hours. Similarly, silver prices rose by ₹3,262 per kilogram, from ₹1,49,438 on Tuesday to ₹1,52,700 on Wednesday.
2025 Sees Massive Gains in Gold and Silver
So far in October, gold prices have risen by ₹6,000, while silver has jumped nearly ₹8,000 per kilogram. If you plan to buy gold and silver jewelry for Karva Chauth on Thursday, 10 grams of gold jewelry (including GST) will cost over ₹1,25,452, while silver will be priced at ₹1,55,306 per kilogram.
In 2025 alone, gold has surged by approximately ₹46,059 and silver by ₹64,766. Analysts attribute this sharp rise to multiple factors: increased demand for safe-haven investments, inflation hedging, central banks’ gold purchases, a weaker US dollar, and rising demand for silver in electronics and solar panel industries.
Global market trends, such as the dollar’s weakness and crude oil price fluctuations, are drawing investors back to gold. Additionally, domestic demand spikes during the festive season are supporting gold and silver prices further.
FAQs: Gold and Silver Prices Ahead of Karva Chauth 2025
1. What is the current price of gold?
As of Wednesday, 10 grams of 24-carat gold is priced at ₹1,22,089, up ₹2,109 from Tuesday.
2. How much has silver increased recently?
Silver prices surged by ₹3,262 per kilogram from Tuesday to Wednesday, reaching ₹1,52,700 per kilogram.
3. Why are gold and silver prices rising sharply?
The increase is driven by several factors: rising demand for safe-haven investments, inflation hedging, central bank gold purchases, a weaker US dollar, and growing industrial demand for silver in electronics and solar panels.
4. Is silver now more expensive than before?
Yes, silver has surpassed ₹1.5 lakh per kilogram, making it an attractive alternative for investors amid rising gold prices.
5. How have prices changed in October 2025?
In October so far, gold has risen by ₹6,000, while silver has increased by nearly ₹8,000 per kilogram.
6. How much will gold and silver jewelry cost for Karva Chauth?
For Karva Chauth 2025, 10 grams of gold jewelry (including GST) will cost over ₹1,25,452, while silver jewelry is priced at ₹1,55,306 per kilogram.
7. Are these price trends normal for the festive season?
Yes, domestic demand generally rises during festivals like Karva Chauth, but the current surge is unusually sharp due to both domestic and international market factors.
8. How much have gold and silver prices increased in 2025 so far?
Gold has surged by approximately ₹46,059, and silver has risen by about ₹64,766 in 2025.
9. What is driving investor interest in silver now?
With gold prices hitting record highs, investors are turning to silver as a more affordable alternative, creating competition between the two metals.
10. How do global factors affect gold and silver prices?
Weakness in the US dollar, fluctuations in crude oil prices, and international demand for industrial silver contribute to the rising trend in precious metals.
11. Can gold and silver prices fluctuate daily?
Yes, daily fluctuations are common, and this year’s market shows unusually sharp day-to-day price changes.
12. What should buyers keep in mind before purchasing jewelry?
Buyers should monitor daily rates and GST-inclusive prices, as well as market trends, to make informed decisions during festive seasons or weddings.
13. Will the trend continue after Karva Chauth?
Analysts suggest that post-festival demand may stabilize, but prices will continue to be influenced by global economic factors and investor sentiment.
14. Which industry is increasing silver demand?
The electronics and solar panel industries are driving industrial demand for silver, contributing to the price surge.
15. How can one track gold and silver prices?
Prices can be tracked through official sources like IBJA, market websites, and financial news portals that provide daily updates.
16. Is buying gold and silver during festivals a good idea?
Festivals like Karva Chauth typically see high demand, which can drive prices higher, so buyers should consider timing and rates carefully.
17. Are there government taxes on gold and silver jewelry?
Yes, GST applies to jewelry purchases, which can increase the final cost of gold and silver.
18. What is the difference between 24-carat and other gold types?
24-carat gold is pure gold (99.9%), while lower carat gold is alloyed with other metals, making it less expensive and more durable.
19. How often do gold and silver rates change?
Rates can fluctuate daily based on global markets, investor demand, and domestic economic factors.
20. Why is this Karva Chauth special for gold and silver buyers?
Prices are reaching record highs, making it one of the most expensive festive seasons for buying gold and silver jewelry.
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