Gold prices in India have jumped ₹3,770 per 10 grams in just three trading days, marking one of the sharpest short-term rallies this festive season. From ₹1,10,000 on October 3 to ₹1,13,770 on October 6, the surge reflects a potent mix of domestic demand and global cues.
What’s Driving the Spike?
- Festive Buying: With Dussehra and Diwali around the corner, jewellers report a surge in retail demand. October is traditionally a high-volume month for gold purchases.
- Global Uncertainty: Renewed tensions in the Middle East and concerns over US fiscal stability have pushed investors toward safe-haven assets like gold.
- Currency Fluctuations: A weakening rupee against the dollar has made imported gold more expensive, amplifying domestic price movements.
- Central Bank Activity: Reports suggest continued gold accumulation by central banks, especially in Asia, adding upward pressure on prices.
Silver Price Today in India – October 8, 2025 Market Update, Up By 1000/- Per Kilo
Market Sentiment
Traders are bullish but cautious. While the rally may continue through mid-October, profit booking and potential US rate signals could trigger short-term corrections. Analysts advise retail investors to avoid panic buying and instead stagger purchases.
