Gold, Silver Prices Fall for Second Day Amid Global Selling Pressure
Global and Indian gold, silver markets extend sharp decline.
Gold and silver prices continued their downward trajectory for the second consecutive day on Thursday, October 23, 2025, as both international and domestic markets experienced sustained selling pressure. By 12 PM IST, spot gold in global markets declined 0.3% to $4,083 per ounce, retreating from recent record highs. Silver followed suit, trading at approximately $48.40 per ounce.
In India, domestic prices aligned with the global trend. 24-carat gold was quoted at Rs 1,25,890 per 10 grams, while 22-carat gold stood at Rs 1,15,400. Silver prices dropped to Rs 1,59,000 per kilogram. Over the past six trading sessions, 24-carat gold has fallen by nearly Rs 77,000 per 100 grams, reflecting a combination of international price adjustments and subdued post-festive demand.
Market analysts attribute the correction to a strengthening US dollar, reduced geopolitical risk premiums, and improved investor sentiment toward equities. The decline follows a robust rally in preceding weeks, driven by inflation concerns and safe-haven buying during the Diwali and Dhanteras period.
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Experts note that consumer purchases peaked during the festive season, leading to a natural reduction in physical demand. Jewelers report a significant drop in footfall, with many buyers who acquired gold at higher levels now adopting a wait-and-watch approach.
Despite the near-term weakness, the medium-term outlook for precious metals remains constructive. Persistent inflationary pressures, potential currency fluctuations, and the possibility of renewed geopolitical tensions are expected to provide underlying support. In the Indian context, movements in the rupee and prevailing import duties will continue to influence local pricing dynamics.
Thursday’s session underscores a phase of consolidation following an extended upward move. Investors are advised to closely monitor global macroeconomic indicators, US dollar trends, and central bank policy signals, as these factors will shape the next directional move in gold and silver prices.
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