Subheadline: After reaching record highs during Dhanteras, gold prices in India have started to decline as international trends weigh on the market.
Following the Diwali celebrations, gold prices in India have entered a downward trend. The surge that began before Dhanteras, when the yellow metal touched new highs almost daily, has now cooled off significantly. The decline is largely attributed to weak cues from global markets, where gold has seen a sharp correction after weeks of rallying.
As of Friday, October 24, 2025, 24-carat gold in Delhi is priced at ₹1,26,020 per 10 grams, while 22-carat gold stands at ₹1,14,790 per 10 grams. This marks a consistent drop in value since the end of the festive week.
The decline is not limited to Delhi alone; similar trends are visible across major Indian cities. In Mumbai, Chennai, and Kolkata, the price of 22-carat gold is currently ₹1,14,640 per 10 grams, and 24-carat gold is available at ₹1,25,070 per 10 grams.
Here’s a look at the latest city-wise gold rates (per 10 grams):
| City | 22K Gold (₹) | 24K Gold (₹) |
|---|---|---|
| Delhi | 1,14,790 | 1,26,020 |
| Mumbai | 1,14,640 | 1,25,070 |
| Ahmedabad | 1,14,790 | 1,25,170 |
| Chennai | 1,14,640 | 1,25,070 |
| Kolkata | 1,14,640 | 1,25,070 |
| Hyderabad | 1,14,640 | 1,25,070 |
| Jaipur | 1,14,790 | 1,26,020 |
| Bhopal | 1,14,790 | 1,25,170 |
| Lucknow | 1,14,790 | 1,26,020 |
| Chandigarh | 1,14,790 | 1,26,020 |
These figures indicate a nationwide cooling in gold rates after the festive boom.
International market trends have played a major role in this fall. In Singapore, spot gold fell by 0.4%, currently trading around $4,111.40 per ounce. Analysts suggest that a stronger US dollar, easing tensions between the United States and China, and increased profit booking among investors have contributed to the global decline.
Earlier this week, gold had touched a record $4,381.21 per ounce, but prices have since corrected as optimism grows around a potential trade agreement between US President Donald Trump and Chinese President Xi Jinping.
Despite the recent dip, gold prices remain 56% higher for the year 2025 compared to previous levels — a reflection of the broader upward momentum driven by inflation concerns and central bank purchases throughout the year.
Silver, often considered gold’s twin in the commodity market, has also faced a decline. The metal’s price has dropped to ₹1,58,900 per kilogram, down from the highs recorded before Diwali. Interestingly, silver saw higher demand than gold during Dhanteras, but both metals have since entered a correction phase. Globally, silver is expected to register a 6% drop this week alone.
Experts believe the current decline could present a buying opportunity for long-term investors. With global market uncertainties still looming and central banks maintaining a cautious stance, gold may regain momentum in the coming weeks. However, short-term fluctuations are likely to continue, influenced by international trends, currency movement, and domestic demand.
Investors are advised to monitor both global economic indicators and local market conditions before making significant purchases.
Bottom Line:
After Diwali, gold and silver prices in India have softened as global cues turn bearish. While the recent correction may worry short-term traders, the long-term outlook for precious metals remains positive, especially if global uncertainties persist.
