Don’t rush to buy gold; Price may dip after record high

Gold prices have increased by up to 40% in 2025. A year ago, the price of 10 grams of 24-carat gold was around Rs 75,000, which has now reached over Rs 110,000. This has made buying jewelry a major challenge for ordinary families.

New Delhi: The festive season is about to begin in the country, during which people traditionally purchase gold and silver. However, this time, rising gold and silver prices have increased the concerns of ordinary families. Gold prices have increased by approximately 46% in the past year, threatening to dampen the joy of the festive season.

Sharp Increase in Gold Prices In One Year

Gold prices have increased by up to 40% in 2025. A year ago, the price of 10 grams of 24-carat gold was around Rs 75,000, which has now reached over Rs 110,000. This has made buying jewelry a major challenge for ordinary families. Families with weddings this year are especially facing a significant budget constraint.

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Slight Decline in Gold and Silver Prices

However, gold prices have seen a slight decline in the last two days. On Thursday, 24-carat gold fell by approximately ₹500, reaching Rs 1,09,264 per 10 grams, according to the IBJA. Silver prices also declined slightly, falling from Rs 1,25,756 per kg on September 17th to Rs 1,25,563.

Impact of the US Federal Reserve's interest rate cut

The US Federal Reserve's interest rate cut has also had a significant impact on gold and silver prices. The Fed has reduced the benchmark rate from 4.25% to 4.0%, weakening gold and silver prices. Furthermore, a resolution on tariffs is gradually emerging, which could provide relief to the Indian jewelry industry.

Future Gold and Silver Price Estimates

Experts say that gold prices could remain between Rs 1,10,000 and Rs 1,12,000 per 10 grams during the festive season. If global tensions ease, gold prices could fall by 10%, bringing it to around ₹1 lakh. Silver, meanwhile, is unlikely to see a significant decline.

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Expert Advice: Be Cautious in Your Investments

Most experts advise caution regarding gold and silver investments at this time. They believe that prices have risen significantly and the potential for a decline is high. Therefore, it would be best to wait 3-6 months before investing. If you must invest, do so slowly and cautiously.

Expensive Gold Options Also Increased

Rising gold prices have led to increased demand for lightweight designs in the jewelry market. People are now opting for smaller chains, sleek rings, and minimal bracelets. Demand for 18-carat and 14-carat gold jewelry has also increased. Some people are also turning to silver and platinum jewelry, which are cheaper and more fashionable alternatives to gold.

Thus, amid the high prices of gold and silver, a new approach to shopping and wise investment is needed during the festive season.