Gold Rate in India Extends Losses, Silver Slows Down Too! Time To Gear Up For Another Rally? 25 Oct Outlook

Gold Rate in India: Gold prices failed to sustain the sharp rebound seen earlier on Friday, slipping lower in the second half of the session. After surging in the morning, domestic gold rates later fell by Rs 1,090, dropping below the Rs 1.25 lakh/10 gram (24K) mark. Meanwhile, international bullion managed to pare recent losses, while silver prices continued to edge lower, hovering close to their record highs.

With the Diwali week drawing to a close and the US Federal Reserve meeting just days away, investors are closely tracking the movement of gold and silver on Saturday, October 25.

Gold and silver rates have witnessed a stellar rally over the past one to two months. Despite the mind-boggling gold and silver price rally, the precious metal continued to stay in demand among retail jewellery buyers in India during the festive season.

Gold Rate in India

The price of 24 karat gold in India stood at Rs 12,435 per gram on Friday. Which meant, that the prices of 24 karat gold in India for per 10 grams stood at Rs 1,24,360 per 10 gram. Likewise, the price of 22 karat gold rate in India declined to Rs 11,388 per gram on Friday. Likewise, the rate of 18 karat gold in India stood at Rs 9,328 per gram. There has been a sharp surge in the gold prices since the beginning of the year. Gold prices have surged by more than 60% since the beginning of the year 2025.

Silver Rate in India

The price of silver in India has stood at Rs 155 per gram and at Rs 1,54,500 per kilogram. Silver rate has surged significantly over the past one year, especially in September. The surge in silver rates could be attributed to rising industrial demand and supply side bottlenecks.

Gold, Silver MCX

Gold futures with December expiry closed at Rs 1,23,451 per 10 grams on Friday. Whereas, silver futures with December expiry closed at Rs 1,47,470 per kilograms. Gold rates on MCX fell during the Friday's session as investors remained cautious ahead of the US inflation report.

The international gold prices slightly increased on Friday, after the weaker-than-expected inflation data further boosted of US Fed rate cut. Gold prices remained below $4,120 per ounce on Friday, according to Trading Economics.

Gold, Silver Price Outlook

While gold and silver prices corrected over the past four to five days, investors remained cautious ahead of the US Fed rate cut and tensions around US shutdown may impact their prices. Meanwhile, gold and silver will continue to remain in demand, because of their appeal as a safe-haven asset amid rising geopolitical uncertainty and trade tensions.

" The outlook for gold remains constructive amid policy uncertainty, slower growth, and persistent geopolitical risks. While short-term corrections are possible after the recent rally, the underlying supports, strong central bank buying, ETF inflows, and currency diversification, remain intact," noted Motilal Oswal in its report last week.

"While bouts of correction may emerge, persistence above the all-time highs could take prices towards $4,250-$4,500 on COMEX and, assuming USDINR at 89, ₹1,28,500-₹1,35,000 on the domestic front from a medium- to long-term perspective.
Similarly, for Silver, we have achieved our domestic and COMEX target of ₹1,50,000 and $50. Sustained momentum above the all-time highs could extend this rally towards $75 on COMEX and ₹2, 30,000 domestically, assuming USDINR at 89, from a long term perspective," the brokerage added in its report.

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