Gold Price Today, Oct 23, 2025: Yellow Metal Inches Higher, Rates in Delhi, Mumbai, Hyderabad & More
Gold climbs on MCX as India–US trade optimism boosts sentiment, 22K and 24K rates update for major Indian cities
New Delhi, Oct 23 : Gold prices saw an early rise on Thursday, October 23, 2025, driven by growing optimism over a potential India–US trade deal that could be announced soon. On the Multi Commodity Exchange (MCX), December gold futures rose 0.89% to Rs 1,22,938 per 10 grams at 9:08 IST, while December silver contracts gained 0.93% to Rs 1,46,915 per kg.
Jigar Trivedi, Senior Research Analyst at Reliance Securities, said that MCX gold for the December expiry “may trade in a range from Rs 121,500 to Rs 123,000 per 10 grams.”
Gold Rates Across Major Indian Cities:
22-Karat Gold: Chennai leads at Rs 11,500 per gram, Delhi at Rs 11,554 per gram. Mumbai, Bengaluru, Kolkata, Pune, and Hyderabad reported Rs 11,464 per gram, while Ahmedabad stood at Rs 11,544.
24-Karat Gold: Chennai and Delhi both at Rs 12,603 per gram, Ahmedabad at Rs 12,593. Mumbai, Kolkata, Bengaluru, Pune, and Hyderabad all reported Rs 12,508 per gram.
Global Market Overview:
Internationally, gold prices slipped slightly amid a firmer US dollar and caution ahead of key U.S. inflation data. Spot gold dropped 0.2% to $4,084.29 per ounce, while U.S. December gold futures rose 0.9% to $4,100.90 per ounce. The dollar index edged up 0.2%, making gold more expensive for investors holding other currencies.
Outlook:
Analysts note that while short-term fluctuations persist, long-term support for gold remains strong due to central bank purchases, geopolitical risks, and expectations of future interest rate cuts. Traders are keeping a close watch on U.S. economic data and global trade negotiations for the next directional cues.
This year, gold has surged around 56%, driven by central bank buying and safe-haven demand, though recent corrections reflect investor focus on macroeconomic developments like inflation trends and monetary policy signals.
