Gold and silver prices in India witnesses a marginal fall today on Wednesday, October 22, 2025, with profit booking following weaker festival highs. Precious metals fell on the Multi Commodity Exchange (MCX) amidst firm overseas cues and a rising US dollar, indicating short-term consolidation after Diwali-fired gains.
Gold Rates Across Major Indian Cities
As of now, December gold futures on MCX are trading at ₹1,28,000 per 10 grams, having lost ₹271 or 0.21% from Tuesday’s closing rate. The 22-carat gold price dropped slightly by ₹10 to ₹1,27,200 per 10 grams, whereas silver fell marginally by ₹100 per kilogram to close at ₹1,63,900.
Here’s how the rates are in major cities:
- Delhi NCR: 24K gold at ₹13,072 per gram, 22K at ₹11,984 per gram.
- Mumbai: Gold prices were at ₹13,060 per gram (24K) and ₹11,971 (22K).
- Chennai: Festive demand boosted prices to remain at ₹13,085 per gram for 24K gold and ₹11,995 for 22K.
- Hyderabad: 24K gold at ₹13,070 per gram, 22K at ₹11,982 per gram.
- Bengaluru: Gold was quoted at ₹13,074 (24K) and ₹11,986 (22K) per gram with little day-to-day movement.
Month after month, gold has increased approximately 13.75% from the price of October 2024, when gold was valued around ₹1,12,760 per 10 grams.
Silver Prices in Major Cities
Silver also mirrored gold’s correction pattern, pricing at ₹1,63,900 per kg, 0.22% lower than the day before at ₹1,64,227. In Hyderabad, prices of silver remained firmer at ₹1,81,900 per kg, due to remaining post-festival demand. Bengaluru witnessed silver falling marginally to ₹1,50,320 per kg.
Silver prices in cities on an average basis on October 22 were as follows:
- Delhi: ₹1,63,900 per kg
- Mumbai: ₹1,63,850 per kg
- Chennai: ₹1,64,100 per kg
- Hyderabad: ₹1,81,900 per kg
- Bengaluru: ₹1,50,320 per kg
Expert Opinion and Market Outlook
Analysts predict bullion prices to remain in a consolidation mode during the week. Anuj Gupta, HDFC Securities Head of Commodity Research, said, “Following the steep rally in Diwali, traders are taking profits. However, global uncertainties, particularly regarding inflation and geopolitical tensions, will continue to provide long-term support to gold around ₹1,25,000 levels.”
While that is happening, industrial demand for silver continues to be strong. Analysts at Motilal Oswal Financial Services see possible bounces in silver when prices settle around ₹1,60,000, led by renewable energy and demand from the electronics industry.
With the festival season slowing down temporarily, bullion traders anticipate price volatility to continue before some critical global data releases. Investors are told to watch for dips in both metals as buying opportunities in the longer term.
