Following a strong Diwali rally last week, gold and silver prices experience minor corrections today on October 24, 2025, as traders took out profits and global cues settled down. On the Multi Commodity Exchange (MCX), December gold futures are quotes at near ₹1,24,104 per 10 grams after a slight increase of 0.15%, and silver is around ₹1,48,660 per kilogram following a flat intraday start. Globally, gold slightly softened to $4,112.42 per ounce, and silver traded at $48.76 per ounce, indicating light cooling in international bullion prices after recent peaks.
In Delhi, 24K gold is at ₹1,25,070 per 10 grams, and 22K gold is at ₹1,14,650 per 10 grams. Light profit-booking after the surge in demand due to the festival resulted in a soft Friday opening. Retail jewellers observe that customer flow did not decline despite the correction as wedding purchases continued.
Mumbai sees 24K gold at ₹1,25,050 and 22K gold at ₹1,14,600 for every 10 grams. MCX trend shows combined sentiment as investors look for leads from the soon-to-be-announced US Federal Reserve policy cues. Weakening of the rupee marginally to ₹87.81 per USD served to cap downside for foreign bullion.
In Chennai, 24K gold is priced about ₹1,25,180 for every 10 grams, and 22K gold at ₹1,14,750, more or less in line with national averages. Southern purchasers remain eager buyers, with jeweller and industrial investor demand supporting price stability throughout the morning session.
Hyderabad bullion markets has 24K gold at ₹1,25,110 for 10 grams and 22K gold at ₹1,14,690. Traders said that gold continued to be preferred for gifting and investment activities post-Diwali, helping sustain steady trade despite weakening global prices.
Bengaluru records 24K gold at ₹1,25,090 and 22K gold at ₹1,14,670 per 10 grams. Traders note cautious sentiment in anticipation of short-term volatility with investors closely monitoring inflation data and currency movements.
Delhi NCR, Mumbai, Chennai, Hyderabad & Bengaluru Silver Rates
Silver prices remained relatively stable in major metros, averaging ₹1,58,900 per kilogram. Silver futures on the MCX traded close to ₹1,48,660 per kg, showing limited movement since the global price was at $48.76 per ounce. Jewellery demand at retail levels and industrial orders continued to offer fundamental support.
Expert Insights
Market experts see short-term consolidation in bullion markets following the festive boom. Based on GoodReturns and Moneycontrol reports, gold is expected to trade in the near future at ₹1,23,500–₹1,25,800 per 10 grams with support of ₹1,23,000. Silver is expected to stay range-bound at ₹1,47,000–₹1,50,500 per kg, with sporadic volatility on account of Fed policy expectations and movements in the dollar index. Experts keep a bullish long-term view, pointing to robust retail interest and persistent institutional buying going into the wedding season.
