Top News

The festive season has brought surprising news for gold investors and buyers across India — gold prices have seen a sharp fall of ₹5,240 per 10 grams within a week. After witnessing a continuous rise before Dhanteras, the yellow metal has now turned cheaper due to global market movements and profit-booking trends.

As of October 26, 2025, 24-carat gold is trading around ₹1,25,620–₹1,25,770 per 10 grams, while 22-carat gold stands at approximately ₹1,15,150–₹1,15,300 per 10 grams across major Indian cities.

Let’s take a detailed look at the factors behind this price drop and the current gold rates across key cities.

Why Gold Prices Dropped This Week

Several global and domestic factors have contributed to the recent fall in gold prices:

• Strong US Dollar: The appreciation of the US dollar has made gold costlier in other currencies, leading to reduced global demand.

• Easing Trade Tensions: Optimism around the potential India-US trade deal and signs of easing tensions between the US and China have improved market sentiment, reducing the need for gold as a “safe haven” asset.

• Profit Booking: After the rally seen before Dhanteras, many investors booked profits, adding to the short-term price correction.

These combined factors have led to a steady decline in both domestic and international gold prices since October 18, the day of Dhanteras.

Gold Price Trend: Then and Now

Just a week ago, gold prices had climbed significantly due to festive buying.

• Before the fall, 24-carat gold had surged by ₹5,780 per 10 grams in the previous week.

• Now, it has declined by ₹5,240 within the latest week.

Similarly, 22-carat gold has seen a drop of ₹4,800 during the same period.

Current Gold Rates in Major Indian Cities (October 26, 2025)

Across most cities, gold prices have stabilized around the ₹1.25 lakh mark for 24-carat gold, with minimal regional variations due to logistics and local taxes.

Silver Prices Also Decline Sharply

Not just gold — silver prices have also seen a significant drop for the second consecutive week.

• Silver has become cheaper by ₹17,000 per kilogram in just one week.

• As of October 26, silver is trading at ₹1,55,000 per kg in the domestic market.

• In the international market, silver prices fell by $1.66, bringing it down to $48.12 per ounce.

The recent supply stability in the London market, which earlier faced a shortage, has contributed to this downward trend in silver prices.

What Investors Should Know

Although the short-term price correction might concern investors, experts view this dip as a healthy adjustment following heavy festive demand.

• Long-term investors may find this a good opportunity to accumulate gold at lower levels.

• Jewellery buyers can take advantage of the decline as the wedding season approaches.

• However, those trading for short-term gains should keep an eye on global currency movements and Federal Reserve policies, which directly influence precious metal prices.

Market Outlook

Analysts believe gold could remain range-bound in the near term, fluctuating based on international cues, inflation trends, and geopolitical updates. Any further correction might encourage retail and institutional buying, providing long-term price support.

Meanwhile, silver prices are likely to stay volatile, reflecting industrial demand and global economic data.

Conclusion

Gold and silver prices in India have cooled off after weeks of upward momentum. With gold down by ₹5,240 and silver cheaper by ₹17,000, this week has brought some relief for buyers ahead of the wedding season.

Whether for investment or personal use, this could be the ideal time to buy, before global markets and domestic demand push prices up again.