Gold prices have recorded a significant surge today, driven by global economic uncertainty, rising inflation concerns, and increased central bank buying. According to market data on October 17, 2025, 24-carat gold in India is trading roughly between ₹12,943–₹13,277 per gram (≈ ₹1,29,430–₹1,32,770 per 10 grams) depending on the city and the price feed — reflecting fresh record levels in many markets.
Key Drivers Behind the Surge
1. Global Economic Concerns
Ongoing geopolitical tensions, inflationary pressure, and currency volatility have prompted global investors to shift toward gold as a long-term store of value. Spot gold recently broke past $4,300 per ounce, which helped lift domestic prices.
2. Dollar Moves & Rate Expectations
A softer US dollar and growing expectations of policy easing from major central banks have reduced the opportunity cost of holding non-yielding assets like gold, pushing bullion higher.
3. Central Bank Accumulation & Reserve Revaluation
Central Bank Accumulation & Reserve Revaluation
Central banks worldwide are increasing gold holdings, and rising global bullion prices have further boosted the value of their reserves. Recently, India’s gold reserves crossed the $100 billion mark, reflecting the country’s growing reliance on gold as a strategic asset.
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4. Retail & Festive Demand
With the wedding and festive seasons approaching, Indian households and jewelers are contributing to stronger physical demand, pushing local premiums higher. Reuters reports record-high premiums in India ahead of Dhanteras.
Today’s Gold Price Snapshot (India) — Oct 17, 2025
Prices vary by city and vendor. Below are representative figures from major price-feeds and exchanges:
- GoodReturns (national feed): 24K — ₹13,277 per gram; 22K — ₹12,170 per gram.
- Moneycontrol / GoodReturns (10-gram table): 24K — ₹1,29,430 per 10g (some city feeds report higher).
- MCX / Intraday highs reported: Intraday MCX futures spiked above ₹1,30,000–₹1,32,000 per 10g in active trading sessions today.
Bottom line: Expect quoted 24K prices today roughly in the range ₹1,29,000–₹1,33,000 per 10g depending on city and supplier — use the exact city feed (Delhi/Mumbai/Chennai/Bengaluru) for precision.
Impact & Implications
- Jewellery & Retail: Dealers report mixed behavior — some buyers rushing to purchase before further rises; others waiting for corrections.
- Investors: Increased flows into gold ETFs, sovereign gold bonds and digital-gold platforms are likely.
- Policy / Smuggling Risk: Tight supply and high premiums can encourage illicit channels; authorities may step up scrutiny.
Outlook
Analysts say gold may stay under upward pressure unless there’s a sharp policy pivot or a significant change in macro conditions. Watch the US dollar, Fed commentary, and local demand ahead of festivals for the near-term direction.