Bhubaneswar: India’s gold market hit fresh highs on Saturday, 18 October 2025, as the auspicious festival of Dhanteras drew near. The price of gold in Bhubaneswar is ₹13,086 per gram for 24 karat gold, ₹11,995 per gram for 22 karat gold and ₹9,814 per gram for 18 karat gold (also called 999 gold), reported the www.goodreturns.com
The rate for 24-carat gold climbed to ₹1,32,953 per 10 grams, up by ₹3,350 from the previous day. Meanwhile, 22-carat gold was priced at ₹1,21,883 per 10 grams, an increase of ₹3,070.
City-wise highlights
In the national capital, New Delhi, 24-carat gold stood at ₹1,32,953 and 22-carat at ₹1,21,883.
In Chennai, the 24-carat rate was quoted at ₹1,33,121 (up ₹3,270), while 22-carat was ₹1,22,031 (up ₹3,000).
In Mumbai, the rates were ₹1,32,807 for 24-carat and ₹1,21,737 for 22-carat.
For Kolkata, 24-carat hit ₹1,32,805 and 22-carat ₹1,21,735.
Bengaluru’s 24-carat rate was ₹1,32,795 and 22-carat ₹1,21,725.
Why the surge?
The spike in gold prices comes as consumers and investors alike rush to buy the metal ahead of Dhanteras — a day traditionally considered auspicious for purchasing wealth-linked assets like gold and silver. Analysts however also point out that global factors play a role: heightened safe-haven demand, currency and import duty pressures, and limited bullion supply all contribute to the elevated levels.
What it means for buyers?
For shoppers seeking jewellery or coins this Dhanteras, the rising price tag may dampen some buying momentum. Although gold’s cultural and investment appeal remains high, the new highs mean heavier costs for those making festive purchases. Still, many jewellers report brisk demand despite the price.
