The price of gold in India has witnessed a historic surge, with rates nearly doubling in the last two years. In October 2023, the price of one gram of 24-carat gold stood at ₹5,688, but by October 2025, it has skyrocketed to ₹12,415 per gram. Experts now predict that gold may cross the ₹15,000 mark by October 2026, setting an all-time record.
The surge in prices has left both investors and consumers astonished. Analysts estimate that gold could rise by ₹50 to ₹200 per day in the coming months, continuing its bullish momentum. The consistent climb in gold prices is mirrored by other precious metals such as silver, platinum, and copper, which have all shown steep upward trends.
Two-Year Price Jump: From ₹5,688 to ₹12,415
Just two years ago, 24-carat gold was priced at ₹5,688 per gram. As of October 2025, it has increased to ₹12,415 per gram. Similarly, 22-carat gold, which was ₹5,262 per gram in 2023, now stands at ₹11,290.
The rise isn’t limited to gold — silver prices have climbed dramatically from ₹68,800 per kilo in 2023 to ₹1.61 lakh per kilo in 2025, a staggering 134% increase. Experts also predict that silver could cross ₹2 lakh per kilo by 2026.
Reasons Behind the Unprecedented Price Surge
Financial experts attribute the soaring gold and silver rates to several global and domestic factors:
- Global Economic Uncertainty: Ongoing geopolitical tensions and economic instability have led investors to move towards safer assets like gold.
- Limited Supply: Gold mining output remains restricted, tightening global supply chains.
- Central Bank Purchases: Many central banks, including India’s RBI, have increased gold reserves as a hedge against inflation and currency volatility.
- Industrial Demand: Precious metals such as silver and copper are essential in electronics, renewable energy, and electric vehicles, driving strong industrial demand.
- Inflation and Currency Depreciation: With inflation rising and currency values fluctuating, gold remains a reliable store of value.
Experts’ Outlook for 2026
Market analysts believe the gold price rally will continue well into 2026. While short-term corrections may occur, the overall trajectory is expected to remain upward due to strong demand, geopolitical risks, and continued central bank buying.
By late 2026, experts estimate 24-carat gold could surpass ₹15,000 per gram, and silver could touch ₹2 lakh per kilo, making them lucrative assets for investors and traders alike.
