Gold value right this moment: Gold costs on India’s Multi Commodity Alternate (MCX) crashed to their stage of ₹128,000 per 10 grams on Tuesday, 21 October 2025, on the event of Diwali after dropping 2% in the course of the morning market session.
Gold futures for the December 2025 contract on the MCX dropped by ₹271 per 10 grams or 0.21% to ₹128,000 per 10 grams as of three:28 p.m. (IST) on Tuesday, 21 October 2025, in comparison with the earlier shut at ₹128,271 per 10 grams, in accordance with the official information.
The MCX silver futures for the December 2025 contract additionally dropped by ₹327 per kilogram or 0.22% to ₹150,000 per kilogram as of three:28 p.m. (IST) on Tuesday, 21 October 2025, in comparison with the day before today’s shut at 1,50,327 per kilogram.
What’s driving down gold costs?
The gold futures continued their downward development on Tuesday’s afternoon market session after the valuable yellow steel settled at ₹1,27,320 per 10 grams in the course of the morning commerce.
Mint reported earlier that the gold costs are struggling extreme losses as commodity market buyers are reserving their income after the Diwali 2025-fueled rally and a stronger US greenback amid america and China commerce tensions.
A promoting sample in commodities like gold and silver signifies that the buyers are reserving their income and exiting their commodity market bets. If the geopolitical and buyers’ urge for food permits, then patrons might even make investments their cash in high-risk belongings like equities.
International gold plummets
International spot gold costs dropped 6.3% to $4,082.03 per ounce, whereas the worldwide spot silver costs tanked 8.7% to $47.89 per ounce, reported the information company Bloomberg on Tuesday.
In response to the information collected from CME Group, the Comex gold futures additionally plummeted 5.66% to $4,112.70 as of 12:39 a.m. (CT).
“Gold continues to be a compelling hedge and portfolio diversifier, however prudent threat administration and consciousness of volatility are important to navigate the present market part,” stated Ross Maxwell, International Technique Lead at VT Markets.
Maxwell highlighted how sustaining a rally within the valuable steel might show to be difficult close to the $4,000–$4,400 per ounce zone. Nonetheless, he stated that there are broader bullish drivers nonetheless remaining for gold costs.
Learn all tales by Anubhav Mukherjee
Disclaimer: This story is for instructional functions solely. The views and suggestions above are these of particular person analysts or broking corporations, not Mint. We advise buyers to verify with licensed consultants earlier than making any funding selections.
