Gold Rate Today on Oct 24: Gold And Silver Prices Drop Across India

Gold Rate Today on Oct 24:
As of Friday, October 24, 2025, gold prices in India have shown a slight decline compared to previous days. According to market updates, the price of 24-carat gold for 10 grams is ₹1,28,210, while 22-carat gold for the same quantity stands at ₹1,15,500. Meanwhile, the price of one kilogram of silver is around ₹1,57,325.

Gold Rate Today on Oct 24:

Experts note that gold prices have dropped significantly when compared to their all-time highs. The decline in prices is mainly linked to global market trends. The strengthening of the US dollar and profit booking by investors have played a key role in this dip. Many investors are choosing to withdraw their funds from gold to secure profits, leading to a temporary slowdown in prices.

At the same time, gold prices have started to show minor upward corrections, indicating market uncertainty. Analysts believe that ongoing discussions between former US President Donald Trump and China have influenced global market sentiment. Although there are signs of positive talks, certain statements made by Trump have created slight tension among investors, affecting gold demand.

When it comes to silver, the drop is more noticeable. Silver prices have fallen sharply from nearly ₹2 lakh per kg to ₹1.57 lakh per kg. Experts describe this as a technical correction, following an unusually strong rally in previous weeks. Despite the dip, silver demand in the Indian market remains strong, and financial analysts expect a potential rebound soon. Even the Bank of America has forecasted a possible silver rally in the near future.

On the domestic front, lower gold prices have encouraged many people to purchase gold ornaments. However, traders mention that compared to last year, gold prices are still around 40% higher, affecting overall festive sales during Dhanteras and Diwali. With international markets still unstable, experts predict that gold prices are likely to remain steady at the current levels for some time.

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