Gold and silver prices increased in a week, but recent market trends show a correction after all-time highs were recorded earlier this month. Investors and jewelry buyers are closely monitoring the fluctuating rates, which have seen sharp movements over the last seven days.
Weekly Overview: Gold and Silver Prices
In the past week, gold prices fell by ₹9,356 per 10 grams, bringing the current rate to ₹1,21,518 per 10 grams. Gold had previously reached a historic high of ₹1,30,874 per 10 grams on October 17.
According to the India Bullion and Jewellers Association (IBJA), as of October 24, gold dropped by ₹1,836 in a single day. On Thursday, the price was recorded at ₹1,23,354 per 10 grams.
Similarly, silver witnessed a significant decline. The metal dropped by ₹4,417 in 24 hours, bringing the current price to ₹1,47,033 per kilogram, down from ₹1,51,450 per kilogram. Overall, silver prices have decreased by ₹31,067 from their peak levels.
Note: IBJA gold prices do not include 3% GST, making charges, or jeweler margins. Prices may vary across cities and are used by the RBI to determine rates for Sovereign Gold Bonds. Banks also reference these rates for gold loans.
City-Wise Gold Rates for Major Jewelers
Here are the 22-carat gold prices at major jewelers across India:
| Jeweler | Gold Price (₹/10 grams) |
|---|---|
| Tanishq | 1,15,400 |
| Kalyan | 1,14,000 |
| Malabar | 1,14,000 |
| CaratLane | 1,16,590 |
| Bhima Jewelers | 1,13,180 |
City-specific gold rates:
| City | Gold Price (₹/10 grams) |
|---|---|
| Ahmedabad | 1,25,510 |
| Jaipur | 1,25,610 |
| Delhi | 1,25,610 |
| Lucknow | 1,25,610 |
| Patna | 1,25,270 |
| Mumbai | 1,25,460 |
| Bhopal | 1,25,510 |
| Kolkata | 1,25,460 |
| Raipur | 1,25,460 |
| Chennai | 1,25,890 |
(All rates are for 24-carat gold; reference: Goodreturns)
Continuous Decline After Record Highs
Gold reached a peak of ₹1,30,874 per 10 grams on October 17, before dropping by ₹8,455. In parallel, silver hit an all-time high of ₹1,78,100 per kilogram on October 14 and has since declined by ₹30,350.
Reasons Behind the Price Drop
Several factors contributed to the recent fall in gold and silver prices:
- Seasonal Decrease in Demand: After festival seasons like Diwali, demand for gold and silver in India typically slows down, affecting prices.
- Easing US-China Trade Tensions: Gold and silver are considered safe-haven assets. Optimism regarding upcoming meetings between US President Donald Trump and Chinese President Xi Jinping has reduced investor fears, slightly lowering demand.
- Profit Booking and Overbought Signals: Investors are taking profits after significant gains. Technical indicators like the Relative Strength Index (RSI) suggested that metals were overbought, prompting selling activity.
Annual Price Growth: Gold and Silver in 2025
Despite recent corrections, gold and silver have seen substantial gains this year.
- Gold has increased by ₹46,257 in 2025. On December 31, 2024, the 24-carat gold price for 10 grams was ₹76,162, now it has risen to ₹1,23,354.
- Silver rose by ₹61,733. The price per kilogram was ₹86,017 at the end of 2024, now reaching ₹1,51,450.
Is It the Right Time to Invest in Gold?
According to Ajay Kedia, Director of Kedia Advisory, gold prices have already risen approximately 60% this year. While short-term gains may be limited, long-term investments could still be beneficial. Profit booking is common after such strong rallies.
Also read: Mukesh Ambani Net Worth Nears $100 Billion as Reliance Shares Surge Ahead of Diwali
Tips for Buying Gold Safely
- Buy Certified Gold Only: Always purchase gold with a BIS Hallmark, ensuring authenticity and proper karat value. Hallmark numbers can be alphanumeric, e.g., AZ4524.
- Cross-Check Prices: Verify gold weight and rates from multiple sources like the IBJA website before purchasing. Prices vary for 24-carat, 22-carat, and 18-carat gold.
Market Outlook
Experts believe that gold and silver prices will continue to fluctuate in the near term, driven by global economic factors, trade developments, and domestic demand. Investors should monitor daily rates and plan purchases carefully.
- Short-Term Trend: Slightly bearish due to profit booking and seasonal demand slowdown.
- Long-Term Outlook: Positive, given global economic uncertainties and continued safe-haven demand.
Also read: Crypto News Today: Why Is the Crypto Market Down on October 10, 2025?
Conclusion: Gold and Silver Prices Increased in a Week
In summary, gold and silver prices increased in a week but experienced a mild correction from their recent highs. Investors are advised to remain cautious for short-term trades but can consider long-term investments. Understanding market dynamics, cross-checking city-specific rates, and buying certified gold are crucial steps for anyone looking to invest wisely.
Gold and silver continue to be attractive assets, offering stability amidst economic uncertainties, while also providing opportunities for profit when monitored carefully.
