By Admin 
Gold price today: After all-time high touching for three consecutive seasons, gold prices declined on Friday (3 October 2025) on the last trading day of the week. Gold December futures on MCX fell by Rs 722, or 0.61% to Rs 1,16,866 per 10 grams. At the same time, the silver December futures fell by Rs 2,220 to reach the level of Rs 1,42,500 per kg.
International impact and RBI decision
The price of gold in the international market has increased for the seventh consecutive day due to the interest rate cuts in the US. Gold in India is trading above Rs 1,17,000 in the festive season. On Wednesday, the RBI did not change the repo rate and retained it at 5.5%. Before the RBI’s decision, gold all time high had reached Rs 1,17,350 per 10 grams. Gold is currently selling Rs 1,17,630 per 10 grams on Indian bullion.
City wise gold and silver prices
Earlier on September 23, gold reached an all -time high of Rs 1,14,360 per 10 grams, while on 15 September it was being sold at Rs 1,10,000. Gold prices have seen a rise in the US since the shutdown started.
Today, gold is being sold in Delhi at a rate of Rs 1,17,210, Rs 1,17,420 in Mumbai, Rs 1,17,510 in Bengaluru, Rs 1,17,260 in Kolkata and Rs 1,17,760 per 10 grams in Chennai. At the same time, silver is available at the Indian Bullion Association at Rs 1,44,650 per kg.
How is the rate fixed
Gold and silver prices change daily and many economic, international and social factors are responsible behind it. The most important factors of these are: In the international market, the price of gold and silver is fixed in US dollars. In such a situation, the fluctuations in the dollar-rupa exchange rate have a direct impact on the price of these metals in India. If the rupee is weak or the price of the dollar increases, then gold and silver become expensive in India.
A large part of gold is imported in India. In such a situation, import duty, GST and other local tax affect the price of gold. If the government increases the fee on these, then gold prices in the domestic market also increase.
Globally political instability, war, economic recession, change in interest rates or the impact of the international stock market turmoil directly appear on gold and silver. Investors consider gold safe options at such a time, which increases its demand and prices. Gold in India is not only a means of investment but also a part of tradition and culture. Buying gold on marriage, festivals and auspicious occasions is considered auspicious. This is the reason that due to increasing demand on these occasions, its prices also rise.