Gold Price Today in India (29 October 2025): What’s Driving the Surge?

Gold prices in India on 29 October 2025 surged amid global economic uncertainty. Check the latest 24K and 22K gold rates, key reasons for price movement, and expert insights on whether this is the right time to invest in gold.

1. Introduction: Gold Continues to Shine Bright in 2025

Gold has once again proved why it’s called the “safe haven asset.” As of 29 October 2025, gold prices in India have risen significantly, influenced by global economic shifts, inflationary pressures, and weakening currencies.

• 24K Gold Price Today: ₹12,240 per gram
• 22K Gold Price Today: ₹11,220 per gram
• 18K Gold Price Today: ₹9,180 per gram

These figures show a steady upward movement compared to earlier months, and investors are keenly watching where the yellow metal heads next.

2. Current Gold Rates in Major Indian Cities (29 October 2025)

These small variations are primarily due to local taxes, transportation costs, and regional demand patterns.

3. Why Are Gold Prices Rising in 2025?

The gold price trend in 2025 reflects multiple domestic and global factors that collectively boost the demand and value of the metal.

a. Global Economic Uncertainty

The world economy continues to face volatility due to slow GDP recovery in major countries and persistent inflation. When currencies lose stability, investors flock to gold as a store of value.

b. Central Bank Gold Purchases

According to reports, central banks — especially those in Asia — are steadily increasing their gold reserves. This strategic buying puts consistent upward pressure on prices.

c. Weakening Indian Rupee

A slight depreciation in the INR against the US dollar directly impacts gold rates in India, as gold is imported and priced internationally in dollars.

d. Festive & Wedding Season Demand

The months of October and November are marked by Dhanteras, Diwali, and wedding festivities, traditionally known for high gold purchases in India. This seasonal demand further propels prices upward.

4. How Global Market Trends Affect Indian Gold Rates

Gold is a globally traded commodity, meaning Indian prices closely follow international benchmarks like the London Bullion Market and COMEX (New York).

In the international market, gold is currently hovering around $2,570 per ounce, reflecting both investor sentiment and monetary policy expectations from the US Federal Reserve.

When global rates rise, Indian gold prices quickly mirror the movement due to import dependency. Conversely, any cooling in international prices may offer short-term buying opportunities.

5. Is It the Right Time to Invest in Gold in 2025?

Financial advisors often recommend keeping 5–10% of a portfolio invested in gold as a hedge against inflation and uncertainty. In 2025, this strategy remains more relevant than ever.

Short-Term View:

Prices may remain volatile due to shifting interest rates and festive demand. However, any small dips could present attractive entry points for investors.

Long-Term View:

Gold has historically outperformed inflation and delivered stable returns over decades. With increasing central bank reserves and geopolitical tensions, experts predict gold could reach ₹13,000–₹13,500 per gram (24K) by mid-2026.

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