- By Priyanka Koul
- Tue, 07 Oct 2025 02:18 PM (IST)
- Source:JND
Gold Prices Today: Gold prices are on a relentless rise, not just in India but across the globe. In a significant development, the price of gold in India has reached near Rs 1.25 lakh per 10 grams, leaving buyers shocked. Meanwhile, Pakistan has also witnessed record-breaking rates, with gold prices surpassing PKR 3.5 lakh.
According to the Indian Bullion and Jewellers Association (IBJA), the rate of 10 grams of gold in India closed at Rs 1,19,059 on Monday.
Soaring Gold, Silver Prices In India & Pakistan
According to the Indian Bullion and Jewellers Association (IBJA), the rate of 10 grams of gold in India closed at Rs 1,19,059 on Monday.
In Pakistan, gold hit a new all-time high, with 10 grams of 24-carat gold priced at PKR 356,033. When converted to Indian currency (Rs 1 = PKR 3.17), this equates to approximately Rs 1,12,334.50 notably lower than the current Indian rate.
Silver prices are also witnessing significant fluctuations. In Pakistan, 1 kilogram of silver is priced at PKR 435,700, which converts to roughly Rs 1,37,470. In comparison, the silver rate in India currently stands at Rs 1,48,883 per kilogram making silver in Pakistan cheaper in Indian currency terms as well.
Why Are Gold Prices Rising?
Historically, gold prices tend to surge during periods of economic and geopolitical uncertainty. From the 2008 global financial crisis to the 2020 COVID-19 pandemic, gold has remained a safe haven for investors.
According to the World Gold Council, central banks have nearly doubled their gold reserves over the past decade, reflecting growing trust in the metal. Changes in interest rates and inflation expectations are also playing a key role.
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Another major driver is monetary policy in the United States. The US Federal Reserve cut interest rates by 25 basis points in September 2025, with expectations of another rate cut. Lower interest rates weaken the US dollar, pushing investors toward gold as a safer asset further fueling the price surge.