Gold Prices Reach Historic Highs in India Amidst US Government Shutdown Concerns

Strategic Insights -

Gold prices in India surged to historic highs on Wednesday (October 1), driven by concerns over a potential US government shutdown that has increased demand for safe-haven assets. The rate for 24K gold touched Rs 11,864 per gram, a rise of Rs 120 from the previous day. Similarly, 22K gold is priced at Rs 10,875 per gram, up by Rs 110, while 18K gold is available at Rs 8,898 per gram, marking a rise of Rs 90. The yellow metal is considered an ideal inflation hedge, with 24-carat gold being the most expensive form commonly used for investment purposes.

Key Takeaways:

  • The current gold rate in India is at historic highs, with 24K gold priced at Rs 11,864 per gram, a rise of Rs 120 from the previous day.
  • 22K gold is priced at Rs 10,875 per gram, up by Rs 110, while 18K gold is available at Rs 8,898 per gram, marking a rise of Rs 90.
  • Gold prices have shown a steady upward trend across different purities, with 22-carat gold and 18-carat gold primarily used for jewelry and 24-carat gold commonly used for investment purposes.
  • The rate for 24K gold stands at Rs 11,864 per gram, reflecting an increase of Rs 120, while 22K gold is priced at Rs 10,875 per gram, up by Rs 110, and 18K gold is available at Rs 8,898 per gram, marking a rise of Rs 90.
  • Gold prices in India have shown a significant increase amidst festive seasonal demand, with 24-carat gold prices crossing the Rs 116,000 mark for the first time (Source: GoodReturns).

Statistics:

  • 24K Gold Rate Per Gram in India: Rs 11,864 (up by Rs 120 from yesterday).
  • 22K Gold Rate Per Gram in India: Rs 10,875 (up by Rs 110 from yesterday).
  • 18K Gold Rate Per Gram in India: Rs 8,898 (up by Rs 90 from yesterday).
  • Gold Price Today in Major Indian Cities: Gold prices vary across cities, with Chennai, Delhi, and Mumbai showing a steady upward trend. (Source: GoodReturns).
  • Price Rise in 24K Gold in India: 1.01% (as of today).
  • Price Rise in 22K Gold in India: 1.02% (as of today).
  • Price Rise in 18K Gold in India: 1.01% (as of today).

Sources:

  • GoodReturns (October 1, 2025) - 24 Carat Gold Rate Per Gram in India (INR)
  • GoodReturns (October 1, 2025) - 22 Carat Gold Rate Per Gram in India (INR)
  • GoodReturns (October 1, 2025) - 18 Carat Gold Rate Per Gram in India (INR)
  • GoodReturns (October 1, 2025) - Gold Price Today in Major Indian Cities (Per Gram)