Gold and Silver Prices Dip Amid Profit-Booking

Gold and silver prices in India declined on October 23, with investors booking profits after a volatile week. The 24-carat gold price slipped to Rs 1,25,890 per 10 grams, while 22-carat gold fell to Rs 1,15,400 per 10 grams. The 18-carat gold variant was priced at Rs 94,420 per 10 grams.

Silver also saw a correction, trading at Rs 1,60,000 per kilogram amid global profit-booking.

Reasons Behind the Decline

The recent dip in precious metal prices comes after one of the sharpest single-day declines in recent years. Analysts say the fall is mainly due to:

• Profit-booking by investors after months of steady gains

• Easing US-China trade tensions, which reduced safe-haven demand

• Anticipation of a US Federal Reserve rate-cut decision later this week

These factors combined to weaken sentiment in the gold and silver markets, prompting short-term corrections.

Also Read: Sovereign Gold Bond vs Physical Gold: Which Shines Brighter in 2025?

Market Trends Over the Past Months

Gold has experienced steady gains over the past ten months, particularly in the last two months, driven by:

• Geopolitical risks

• Trade uncertainties

• Strong safe-haven demand from investors

The metal even touched record highs before the current pullback, showing the ongoing appeal of gold as a long-term investment.

Investor Confidence Remains Strong

Despite the recent correction, gold ETF holdings remain near a three-year high, indicating persistent investor confidence in gold as a store of value.

Experts suggest that while short-term volatility is natural, gold and silver continue to be preferred options for portfolio diversification and long-term wealth preservation.

City-Wise Rates (October 23, 2025)

• 24-carat gold: Rs 1,25,890 per 10 gm

• 22-carat gold: Rs 1,15,400 per 10 gm

• 18-carat gold: Rs 94,420 per 10 gm

• Silver: Rs 1,60,000 per kg

Investors are advised to track city-wise rates before making buying or selling decisions, as prices may vary slightly across regions.

Key Takeaways

• Gold and silver prices declined on October 23 due to profit-booking and easing trade tensions.

• 24K gold stands at Rs 1,25,890 per 10 gm, while silver trades at Rs 1.60 lakh per kg.

• Underlying investor confidence remains strong, with gold ETFs near a three-year high.

• The current dip is seen as a short-term correction after months of gains, not a long-term trend reversal.

Conclusion

The fall in gold and silver prices today reflects short-term market adjustments rather than a loss of long-term value. Investors continue to view precious metals as safe-haven assets, and the recent correction may provide opportunities for those looking to enter the market at slightly lower levels.

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