Gold Prices See Big Jump as Global Rates Rise—Is It the Right Time to Buy?
Gold prices in India are soaring again, and if you’re planning to buy jewellery or invest, you might want to take a close look before heading to the market.
Today, gold prices surged by ₹566, hitting ₹98,440 per 10 grams on MCX. That’s a big jump from yesterday’s close of ₹97,874. And it’s not just in India—US gold futures are also up by 0.5%, trading at $3,391.40.
Latest Gold Price in India (Per 10 Grams)
According to the India Bullion and Jewellers Association (IBJA):
- 24 Carat (999 purity): ₹97,358
- 22 Carat (916 purity): ₹89,180
- 18 Carat (750 purity): ₹73,019
- 14 Carat (585 purity): ₹56,954
And if you’re curious about silver, it’s at a whopping ₹1,04,610 per kg today.
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Gold Prices Per Gram
If you’re just buying a small piece or checking rates before buying a chain or ring, here’s what 1 gram of gold costs today:
- 24K (999): ₹9,736
- 22K (916): ₹8,918
- 18K (750): ₹7,302
- 14K (585): ₹5,695
Note: These are standard rates without GST or making charges. Final prices may vary at jewellery shops.
Why Are Gold Prices Rising So Fast?
The global market is heating up, which is why we’re seeing gold prices inching close to ₹1 lakh in India. The wedding season demand is adding even more fuel to the fire.
But here’s something interesting—Quant Mutual Fund, in its June 2025 factsheet, says that gold prices might drop by 12% to 15% in the next two months. So if you’re investing, it might be worth waiting a bit.
Should You Buy Gold Right Now?
If you’re buying for a wedding or occasion, you might not have much choice. But if you’re thinking from an investment angle, you may want to wait and watch.
Also, keep in mind:
- Gold prices change twice a day—around noon and again at 5 PM.
- IBJA rates are uniform across India.
- Making charges + 3% GST are not included in these rates.
Final Thoughts
Gold is shining bright right now, and it’s all over the news—and for good reason. But with predictions of a possible dip, you might want to plan your next move carefully.
Stay tuned for daily gold and silver updates—because whether you’re buying a wedding set or investing for the future, knowing the rates can save you big bucks
