Gold Rates In India Fall Again on DIWALI 2025; 24K, 22K,18K Prices Plunge Across India; Silver Prices Stable

Diwali Dhamaka! Gold prices in India underwent another drop on Diwali 2025, providing much-needed relief to retail buyers on this auspicious day. After several days of continued gains, the gold rate in India saw a welcome decline across 24K, 22K, and 18K variants on the day of Dhanteras.

Similarly, silver prices in India also fell sharply, breaking the record rally seen in recent sessions. The fall in both gold and silver rates sparked a surge in festive demand across jewellery markets nationwide, as buyers rushed to take advantage of the lower prices.

According to Rajesh Rokde, Chairman of GJC, "Across India, approximately 50 to 60 tonnes of jewellery were sold over the two days of Dhanteras, amounting to nearly Rs. 85000 crore. The response has been fantastic, with all categories of jewellery witnessing strong demand. In terms of volume, sales were on par with last year, but in value terms, we've seen a remarkable growth of 35-40%. Silver, in particular, has seen a surge in sales; they have nearly doubled as customers showed a clear preference for silver this season. With Dhanteras spanning two days and coinciding with a weekend, followed by Diwali and Bhau Beej, the five-day festive window is expected to deliver exceptional results. We anticipate total sales reaching 100 to 120 tonnes, with a monetary value in the range of Rs. 1 lakh crore to Rs. 1.35 lakh crore."

Gold Rate in India Today

As of October 20th, the pure gold, or 24-carat gold rates in India today slipped by Rs. 170 per 10 grams to cost Rs. 130,690 per 10 grams. While the standard gold or the 22-carat gold prices today fell by Rs. 150 per 10 grams to cost Rs. 1,19,800 per 10 grams. Similarly, the 18-carat gold rate today declined by Rs 120 per 10 grams, and it currently retails for Rs 98,020 per 10 grams.

And just like that, the 100 grams of 22-carat gold cost Rs 11.98,000, which slipped by Rs 1500. While the 24-carat gold price in India per 100 grams now costs Rs 13,06,900 after slipping by Rs 1,700 per 100 grams.

Gold Price Price Target & Outlook

As per a report by Nirmal Bang Securities, "Gold prices are expected to pull back. Traders can buy at Rs. 125500 with a stop loss of 124500 for the target at Rs. 127000- Rs. 128000. One can also sell at Rs. 128000 with a stop loss of Rs. 1,28,700."

Silver Rate in India Today

In contrast to the gold, the silver price in India today remained stable after the big drop of Rs. 13,000 seen on the day of Dhanteras. 1 kg of silver currently retails at Rs. 1,72,000 per kilogram. Meanwhile, 100 g of silver rates in India cost Rs 17,200.

MCX Gold Futures and Silver Futures Prices

Gold futures at the multi-commodity exchange jumped this morning. Gold futures, which are expected to mature on December 5th, are currently trading at Rs. 1,28,050 after rising 0.82% per 10 grams. Similarly, silver futures slated to mature on December 5th dropped by 0.20%. To trade at Rs 1,56,288.

"MCX Gold December is expected to face resistance at Rs. 129,500 level and move back towards Rs.125,500 level. MCX Silver Dec is expected to correct towards Rs.152,000 level as long as it trades under Rs.158,000 level." According to ICICI Direct Commodity Report.

Spot Gold Prices + Spot Silver Price Today

According to the latest Reuters report, "Spot gold was up 0.1% at $4,253.33 per ounce as of 0331 GMT. U.S. gold futures for December delivery climbed 1.3% to $4,266.30 per ounce. Spot silver rose 0.5% to $52.12 per ounce."

City-Wise Gold Rates Today

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, fell sharply. Here's the latest city-wise update on 22-carat and 24-carat gold rates on Diwali.

Gold Rates in Chennai

Gold Rates in Bangalore

Gold Rates in Hyderabad

Gold Rates in Mumbai

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