The silver price gold price trend in India has taken a downward turn following the post-Diwali slowdown. After weeks of surging demand during Dhanteras and Diwali, domestic gold and silver rates have eased as the market adjusts to reduced retail activity.
Gold Prices Dip Across Major Indian Cities
As of October 24, 2025, top jewellery brands such as Malabar Gold & Diamonds, Tanishq, Joyalukkas, and Kalyan Jewellers are offering 22-carat gold jewellery at around ₹11,500 per gram, according to The Economic Times. This aligns with the rates published by the Indian Bullion and Jewellers Association (IBJA), which listed 22K gold at ₹12,193 per gram and 24K gold (fine gold) at ₹12,242 per gram.
The 22 carat gold price today in Mumbai, Delhi, Chennai, and Bengaluru has stabilized after the festive surge. Specifically, today’s gold rate in Mumbai and today gold rate in Delhi stand at ₹11,500 per gram at Kalyan Jewellers, while Tanishq’s rate is slightly higher at ₹11,505 per gram.
Silver Prices Show Slight Weakness
While gold remains the focus for investors, silver price gold price trends reveal mild pressure on silver as well. Analysts suggest that the global slowdown in precious metals—triggered by a stronger U.S. dollar and rising Treasury yields—is influencing Indian market sentiment. Investors are closely watching how these movements will affect both gold and silver in the coming weeks.
Market Factors Behind the Decline
According to data from the Multi Commodity Exchange of India (MCX), gold futures dropped 1.21% to trade at ₹1,22,600 per 10 grams by Thursday afternoon. Traders attribute this fall to cautious sentiment ahead of the U.S. Federal Reserve meeting on October 28–29, which could determine the direction of interest rates and, consequently, the appeal of non-yielding assets like gold.
Domestic experts also note that following the festival season, physical demand has subsided, leading to temporary weakness in retail and wholesale prices. Despite this short-term correction, long-term outlooks remain bullish as investors view gold as a hedge against inflation and global uncertainty.
City-Wise Gold Rates
| City | 22K Gold Rate (per gram) | 24K Gold Rate (per gram) |
| Mumbai | ₹11,500 | ₹12,242 |
| Delhi | ₹11,500 | ₹12,242 |
| Chennai | ₹11,520 | ₹12,260 |
| Bengaluru | ₹11,500 | ₹12,245 |
| Ahmedabad | ₹11,500 | ₹12,240 |
These rates exclude GST and making charges, which vary by jeweller and product type.
Hallmarking and Purity Verification
Consumers are reminded to verify the authenticity of their jewellery using the BIS Care App, where the Hallmark Unique Identification (HUID) number can be checked for purity confirmation. The Bureau of Indian Standards (BIS) has made hallmarking mandatory for gold and silver articles, ensuring transparency for buyers.
Analysts’ Outlook
Market analysts suggest that while today gold rate in Chennai and other metro cities have cooled, the broader trend depends on global monetary policies. If the U.S. Fed maintains a cautious approach, gold could regain momentum by November. Meanwhile, silver price gold price volatility is expected to persist due to fluctuating industrial demand and global supply chain factors.
Investors looking for entry opportunities might consider accumulating gold during this correction phase, especially in anticipation of year-end wedding season demand.
Key Takeaways
- 22 carat gold price today: ₹11,500 per gram in most Indian cities.
- today gold rate in Delhi and today gold rate Mumbai remain steady.
- Silver price gold price trends reflect mild weakness after festive demand.
- IBJA rates confirm uniform pricing across major metros.
- Experts expect gold to stabilize before potential recovery next month.
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