Just lately, each gold and silver have witnessed a pointy decline on the MCX. Gold has dropped by round Rs 3,200 from its all-time excessive and is now buying and selling near Rs 1,20,000 per 10 grams. Silver, too, has seen a significant correction, falling by Rs 6,000 from its peak, with present costs hovering round Rs 1,41,500 per kg.
For the previous one week, gold has been exhibiting a gentle decline. As on October 27, based on MCX, gold was buying and selling at Rs 1,26,655 per 10 grams. Nevertheless, since that day, the yellow steel has been dropping momentum.
The steel had earlier touched its lifetime excessive of Rs 1,32,294 per 10 grams, sparking curiosity amongst buyers about whether or not one other sharp rebound might be on the playing cards, much like the surge seen earlier than the festive season , or if the steel will proceed to dip additional.
Gold value development over the previous week within the home market
Within the home market the costs of yellow steel within the final week have been buying and selling round:
On October 20, 2025:Rs 1,26,655
Gold, which had been buying and selling at file highs earlier this month, ended the week on a weaker word each in home and worldwide markets. Whereas, within the international market, gold costs have slipped beneath the essential $4,000 mark, reflecting a pointy decline in international bullion sentiment. Nevertheless, the valuable steel has gained 7.49 per cent over the previous 30 days.
Silver follows an analogous path
The white steel, too, has mirrored gold’s efficiency, witnessing a noticeable decline after sturdy positive factors earlier this month. In accordance with MCX, silver has dipped by round Rs 11,000, at the moment buying and selling at Rs 1,47,479 per kg, marking a 1.73 per cent drop.
Each gold and silver are exhibiting a “cooling down” behaviour after their huge pre-festive surge, indicating doable revenue reserving by merchants and subdued demand.
Silver value motion over the previous week in home market
Within the home market the costs of white steel within the final week have been buying and selling round:
On October 20, 2025: Rs 1,53,131
Within the worldwide market,Within the worldwide market, silver costs slipped by 4 per cent and are actually buying and selling round $46 , marking a notable decline amid weak international cues.
Market outlook
In accordance with Manoj Kumar Jain of Prithvi Finmart, gold and silver witnessed heavy profit-taking after a two-month-long rally.
“Gold and silver confirmed a heavy sell-off final week after a two-month historic bull run. Each treasured metals plunged from record-high ranges amid a rebound within the greenback index and constructive commerce talks of the US with China and India. The Gaza peace deal and rebound within the greenback index additionally triggered profit-taking in each treasured metals,” Jain stated.
He added that whereas the correction was overdue, “the US shutdown and cooling off in US inflation supported bullion costs at decrease ranges. The potential of US Fed fee cuts can be lending assist to gold and silver costs.”
With each gold and silver coming into a part of correction after record-breaking highs, market watchers imagine the approaching weeks could be essential. Buyers are conserving a detailed eye on international cues, inflation information, and forex actions to test whether or not the yellow and white metals will rebound or prolong their present dip.
