Gold and silver prices on October 4, 2025, showed mixed movements with gold experiencing a decline for the second consecutive day while silver demonstrated resilience with marginal gains.
Current Gold Prices (October 4, 2025)
Spot Gold Rates in India
24-Karat Gold: ₹11,852 per gram (₹118,520 per 10 grams)
22-Karat Gold: ₹10,864 per gram (₹108,640 per 10 grams)
18-Karat Gold: ₹8,889 per gram (₹88,890 per 10 grams)
City-wise Gold Prices (per gram)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Chennai | ₹11,890 | ₹10,899 | ₹9,029 |
| Mumbai | ₹11,852 | ₹10,864 | ₹8,889 |
| Delhi | ₹11,867 | ₹10,879 | ₹8,904 |
| Kolkata | ₹11,852 | ₹10,864 | ₹8,889 |
| Bangalore | ₹11,852 | ₹10,864 | ₹8,889 |
| Hyderabad | ₹11,852 | ₹10,864 | ₹8,889 |
Domestic Silver Rates
Silver Price: ₹145,599 per kilogram (₹145.60 per gram)
The silver market showed positive momentum with prices up by ₹1,031 (+0.71%) compared to the previous day.
City-wise Silver Prices (per kilogram)
| City | Silver Price |
|---|---|
| Delhi | ₹151,000 |
| Mumbai | ₹151,000 |
| Kolkata | ₹151,000 |
| Chennai | ₹161,000 |
| Thiruvananthapuram | ₹161,000 |
Gold continues to trade near record highs internationally, with spot gold reaching $3,885.77 per ounce as of October 3, 2025. The precious metal has gained 46.48% year-to-date, putting it on track for its best annual performance since 1979.
Key International Highlights:
All-time high of $3,897.31 reached in October 2025
Gold has risen 9.55% over the past month
Seventh consecutive weekly gain driven by safe-haven demand
Market Analysis and Outlook
Factors Supporting Gold Prices
Federal Reserve Rate Cut Expectations: Markets are pricing in a 97% chance of a 25-basis-point rate cut in October 2025, with another similar cut expected in December with 88% probability.
Geopolitical Tensions: The ongoing US government shutdown and global uncertainties continue to drive safe-haven demand for precious metals.
Currency Weakness: Dollar weakness has provided additional support for gold and silver prices.
Expert Predictions
UBS analysts forecast gold could touch $4,000 per ounce by year-end if macroeconomic uncertainties persist. The outlook remains bullish with strong support from central bank purchases and industrial demand for silver.
MCX Trading Status
Commodity exchanges in India remained closed on Saturday, October 4, 2025, so prices remained stable from Friday’s closing levels. The Multi Commodity Exchange (MCX) operates with morning sessions from 9:00 AM to 5:00 PM and evening sessions from 5:00 PM to 11:30 PM on trading days.
Investment Recommendations
Experts suggest a “buy on dips” strategy for both gold and silver. Key technical levels to watch include:
Gold Support: $3,825-3,820 with resistance at $3,875-3,900
Silver: Expected to outperform gold with potential upside to ₹150,000 per kg
The precious metals market remains supported by global economic uncertainties, making both gold and silver attractive safe-haven investments for the remainder of 2025.
