India vs Pakistan Gold Price: There has been a big decline in gold prices in India recently. Let us tell you that in the domestic market, the price of 10 grams of 24 carat gold has fallen by more than ₹ 10,000 in just 10 days. Meanwhile, let us know what is the condition of gold rates in Pakistan amid falling gold prices in India. Let us know the rates of one tola gold in both the countries.

gold price in india

Gold prices have softened due to stable economic situation and controlled inflation in India. According to recent prices, the price of 24 carat gold has become approximately Rs 1,20,419 per 10 grams. Now since one tola is approximately equal to 11.66 grams, the price of one tola of 24 carat gold will be Rs 1,39,839.68. If we talk about 22 carat gold, its price is ₹ 1,10,300 per 10 grams.

gold prices in pakistan

A decline in gold prices has also been seen in Pakistan. But despite this, the price of gold there is such that even a car can be bought in India. The price of one tola of 24 carat gold in Pakistan is approximately 4,20,500 Pakistani rupees. With this, the price of 10 grams of gold there is 3,60,520 Pakistani rupees.

Why is gold so expensive in Pakistan?

The reason behind this is quite clear and that is the economic instability of Pakistan. There has been a huge decline in the Pakistan Rupee against the US Dollar. Because of which the price of gold is so high. Now, because the price of gold at the international level is fixed in dollars, due to the weak rupee there is a direct increase in the domestic cost.

Along with this, high inflation is another big reason. As the prices of essential commodities increase, people turn to gold as a safe investment. This increases the demand even more. Apart from this, geopolitical tensions of Pakistan contribute a lot to the financial uncertainty. Because of this, investors are motivated to keep their assets safe in gold instead of currency or shares.

India has stable monetary policies, strong currency position and much better control on inflation than Pakistan and this gives a big advantage. At the same time, Pakistan is struggling with problems like economic recession, limited foreign exchange reserves, rising import bill and high cost of living. This is the reason why these circumstances increase the price of domestic gold and due to which the price difference between the two countries is increasing.

Also read: Indian Army had built the world’s highest Bailey Bridge here, know why and how it was built?

Gold in India: There was a huge decline in the demand for gold in the country during the July-September quarter this year. According to the latest report of the World Gold Council (WGC), the total demand for gold in terms of quantity declined by 16 percent to 209.4 tonnes, whereas it was 248.3 tonnes in the same period last year. This decrease was mainly due to reduced purchasing power by consumers due to high gold prices.

However, in value terms the demand increased from Rs 1,65,380 crore to Rs 2,03,240 crore, an increase of 23 percent. This simply means that even though people bought gold in less quantity, the total expenditure increased due to higher prices.

Why did the demand for gold decrease?

The biggest decline was seen in the demand for gold jewellery. It declined from 171.6 tonnes last year to only 117.7 tonnes in this quarter, i.e. a decline of about 31 percent. However, the total value of jewelery purchases remained stable at around Rs 1,14,270 crore as buyers adjusted their budgets according to the increased prices.

On the other hand, a tremendous jump was seen in the demand for gold as investment. In terms of quantity, it increased by 20 percent to 91.6 tonnes, while in terms of value it increased by 74 percent from Rs 51,080 crore to Rs 88,970 crore. According to Sachin Jain, India Regional CEO of WGC, these figures reflect the growing trend among Indian consumers to adopt gold as a long-term asset and safe investment.

ever increasing brightness

The average price of gold in India increased by 46 percent to Rs 97,074.9 per 10 grams in this quarter, compared to Rs 66,614.1 per 10 grams a year ago (which does not include import duty and GST). Internationally, gold prices also increased and stood at an average of $3,456.5 per ounce, which is much higher than last year.

Sachin Jain also said that the historic increase of 23 percent in value despite decline in volume reflects the changing economic condition of Indian consumers and rising per capita income. He said that due to rising prices in recent months, many consumers have made wedding related purchases in advance, due to which strong sales are expected in the coming fourth quarter.

Also read: Indian rupee is unable to stand against the strength of US dollar, collapses again

Gold Reserve in India: Amid financial and geopolitical uncertainties globally, gold prices are witnessing a tremendous rise. The reason behind this rise is not only the purchase of jewelery by investors but also the increase in gold reserves by countries around the world.

The rising price of gold can be gauged from the fact that in the financial year 2023-24, gold was being sold at around Rs 70,000 per tola, whereas now in 2025 it has crossed Rs 1,05,000 per 10 grams. Its reasons include geopolitical tensions, economic uncertainties, monetary policies and inflationary pressures.

India’s gold reserves

India is also increasing its gold reserves rapidly. According to RBI, the total gold reserves in the country have reached 880 tonnes by October 8, 2025, which includes reserves in Nagpur and Mumbai. Apart from this, part of India’s gold reserves are also kept in the Bank of England and the Bank of International Settlements.

India has increased its gold reserves by about 58% in the last decade. In 2015, India had 557.7 tonnes of gold, which has now increased to 880 tonnes in 2025. Especially after 2022, India strategically increased its gold reserves keeping in mind the global trends and economic security.

China’s gold reserve

China has also aggressively increased its gold reserves. In 2025, China purchased 39.2 tonnes of gold only from January to September. By October 8, 2025, China’s total gold reserves have reached 2,298.5 tons. On average, China has increased gold reserves by 2 to 5 tonnes every month, although only 0.4 tonnes were purchased in September. In this way, the increase in investment and reserves in gold at the global and domestic level is becoming the main reason for the continuous rise in its prices.

Also read: Freeze-TV manufacturing company has a bumper start in the stock market, listing at 50% premium, investors in a frenzy.