Gold and Silver Prices Down Today: Gold rate in India has dropped notably over the last seven days, reflecting the movement of global bullion markets. Investors across the world have become cautious, reducing their buying activity as market tension and volatility ease. This shift in global sentiment has directly affected the gold rate in India, which is now showing a visible downward trend.
Experts believe the correction is temporary. Many financial analysts suggest that the gold rate in India could recover once demand picks up during the upcoming festive and wedding season. Historically, gold prices often dip before major Indian festivals such as Diwali or Dhanteras, when buying interest typically rises again.
Despite the current fall, gold continues to remain one of India’s most trusted investment assets. People still view gold as a safe-haven asset against inflation and economic uncertainty. Hence, the ongoing price correction could open an opportunity for smart investors looking to buy at lower levels before the next uptrend begins.
Latest Gold Prices in India on October 24, 2025
According to the Multi Commodity Exchange (MCX), the current gold rate in India has decreased across all purity levels, 24K, 22K, and 18K. As of Friday, October 24, 2025, the prices are as follows:
- 24 Carat Gold Rate: ₹12,546 per gram
- 22 Carat Gold Rate: ₹11,500 per gram
- 18 Carat Gold Rate: ₹9,409 per gram
The gold rate in India today varies slightly across major cities due to local taxes, transportation costs, and demand. In cities like Chennai and Hyderabad, gold remains slightly higher than in Delhi or Mumbai. Overall, the nationwide average shows a steady correction, giving buyers a possible entry point.
Many jewelers report moderate footfall this week, with customers waiting for further clarity. However, if gold stabilizes near these levels, retailers expect strong sales during Diwali 2025. Investors tracking the gold rate in India should also watch the global market cues, especially the US dollar and crude oil trends.
Gold and Silver Prices Down Today in Major Indian Cities
| City | 24K (1g) | 22K (1g) | 18K (1g) |
|---|---|---|---|
| Chennai | ₹12,589 | ₹11,540 | ₹9,600 |
| Mumbai | ₹12,546 | ₹11,500 | ₹9,409 |
| Delhi | ₹12,561 | ₹11,515 | ₹9,424 |
| Kolkata | ₹12,546 | ₹11,505 | ₹9,414 |
| Bangalore | ₹12,546 | ₹11,500 | ₹9,409 |
| Hyderabad | ₹12,546 | ₹11,500 | ₹9,409 |
| Kerala | ₹12,546 | ₹11,500 | ₹9,409 |
| Pune | ₹12,546 | ₹11,500 | ₹9,409 |
| Vadodara | ₹12,551 | ₹11,505 | ₹9,414 |
| Ahmedabad | ₹12,551 | ₹11,505 | ₹9,414 |
City-wise differences in gold rate in India depend on import costs and local demand. Southern cities like Chennai and Hyderabad usually quote higher rates due to higher jewelry demand, especially during weddings. Northern and western cities like Delhi, Mumbai, and Ahmedabad generally follow MCX benchmark prices with minor variations.
Silver Price in India Also Witnesses a Correction
Just like gold, silver prices in India have also seen a sharp decline this week. Traders attribute this fall to lower industrial demand and global market adjustments. According to the latest update, silver rate in India stands around ₹1,56,000 per kilogram in most major cities.
| City | 10g | 100g | 1 Kg |
|---|---|---|---|
| Chennai | ₹1,710 | ₹17,100 | ₹1,71,000 |
| Mumbai | ₹1,560 | ₹15,600 | ₹1,56,000 |
| Delhi | ₹1,560 | ₹15,600 | ₹1,56,000 |
| Kolkata | ₹1,560 | ₹15,600 | ₹1,56,000 |
| Bangalore | ₹1,580 | ₹15,800 | ₹1,58,000 |
| Hyderabad | ₹1,710 | ₹17,100 | ₹1,71,000 |
| Kerala | ₹1,710 | ₹17,100 | ₹1,71,000 |
| Pune | ₹1,560 | ₹15,600 | ₹1,56,000 |
| Vadodara | ₹1,560 | ₹15,600 | ₹1,56,000 |
| Ahmedabad | ₹1,560 | ₹15,600 | ₹1,56,000 |
Silver rate in India often moves in line with gold, as both metals are influenced by global inflation, interest rate policies, and investor sentiment. Analysts expect silver prices to stabilize soon, especially as industrial and renewable energy demand improves over time.
Why Gold and Silver Prices Are Falling in India
The drop in gold rate in India is largely due to international market pressure. As geopolitical tensions cool down and investors shift focus to equities, the demand for safe-haven assets like gold has weakened slightly. The U.S. dollar index and bond yields have also played a major role in pushing prices down.
However, this decline might not last long. Historically, gold prices in India tend to rise again during the festive season and global market corrections. Experts suggest keeping an eye on inflation trends, crude oil prices, and global monetary policies.
Silver, on the other hand, could rebound faster due to increasing industrial usage in solar panels and electronics manufacturing. Both gold and silver continue to hold long-term investment value for Indian households and investors.
Should You Buy Gold Now or Wait Longer?
If you are planning to buy gold jewelry or invest in gold coins, this could be a good time. The current gold rate in India is lower compared to the previous months, giving buyers a favorable entry point. Analysts predict that prices could firm up again once the festive buying starts.
For long-term investors, gold remains a strong hedge against inflation and currency fluctuations. Silver, too, offers good diversification opportunities, especially for those looking for affordable alternatives to gold. Whether you are investing for emotional, cultural, or financial reasons, staying updated on the daily gold rate in India can help you make smarter decisions.
Disclaimer: Gold and silver prices mentioned here are based on data available as of October 24, 2025. Prices are subject to change throughout the day due to international market movements, local taxes, and demand fluctuations. Always verify live rates with your local jeweler or financial platform before making any investment or purchase.
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