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Gold Price Nosedives in India! 24K Below Rs 1.26 Lakh/10 Gram – Will It Plunge Further or Bounce Back Today?

today gold price: Gold prices in India have crashed sharply, with 24K gold dipping below Rs 1.26 lakh per 10 grams on October 23, 2025. Know the prices in major cities here..

today gold price: These are tough times for those who have invested in gold. In October 2025, gold prices fell sharply, dropping about 6.3% in a single day to nearly $4,000 an ounce, marking the biggest decline in over 12 years globally. Earlier this year, gold prices had risen around 55–57% before this fall. In India, gold rates also saw a significant drop on Wednesday, offering investors a chance to buy amid the ongoing festive season.

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Gold Prices in India

today gold price: The price of 24 karat gold in India fell to Rs 1,25,890 per 10 grams. The price of 22 karat gold dropped to Rs 1,15,400 per 10 grams, and 18 karat gold fell to Rs 94,420 per 10 grams. Gold prices in India had been rising sharply over the past ten months, especially in the last two months. This increase was driven by trade issues, geopolitical tensions, and uncertainty over tariffs.

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The price of gold may vary slightly in different states and cities. This can be due to the transportation costs and domestic factors.

City24K Gold/g22K Gold/g18K Gold/g
DelhiRs. 12,603Rs. 11,554Rs. 9,456
MumbaiRs. 12,588Rs. 11,539Rs. 9,441
KolkataRs. 12,588Rs. 11,539Rs. 9,441
ChennaiRs. 12,588Rs. 11,539Rs. 9,699
BangaloreRs. 12,588Rs. 11,539Rs. 9,441

Silver Rate in India

Currently, the silver rate is Rs. 159.90 per gram, and Rs. 1,59,900 per 1000 grams. In India, the rate of the silver it depends upon the international factors, including the dynamics of the Indian rupee against the dollar.

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Gold, Silver Rate MCX

The international gold price fell sharply on Wednesday, dropping more than 2% below $4,050 per ounce. Traders sold gold to take profits after its recent high prices. In India, December gold futures closed at Rs 1,21,857 per 10 grams, while December silver futures closed at Rs 1,45,558 per kilogram.

Will Gold Price Plunge Further or Bounce Back Today?

Gold prices in India may remain steady or see minor changes on Thursday if domestic rates follow the trend of international gold prices. Several experts have warned that current gold prices are very high, suggesting that a price correction could happen at any time. However, others point out that, despite these high prices, demand for gold is likely to stay strong because many people buy gold during the festive season. This seasonal demand may help support the price and prevent a sharp drop.

First published on: Oct 23, 2025 09:50 AM IST


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