Gold rates in India recorded a volatile performance in the first five days of Navratri 2025. 24 carat gold prices are away by Rs 810 in 10 grams and short of Rs 8,100 in 100 grams from their peak levels. On the contrary, silver rates in India continued to touch back-to-back record high and outperform gold. With four more days left for Navratri festival to end during Dussehra, is it the time to invest in precious metals or should investors hold?
During the fifth day of Navratri which was on September 26th, gold prices jumped after falling for two consecutive days. On Friday, 100 grams gold price climbed by Rs 4,400 to Rs 11,48,800 in 24 carat, and was up by Rs 4,000 in 22 carat to Rs 10,53,000. Further, 10 grams gold price climbed by Rs 440 to Rs 1,14,880 in 24 carat, and was up by Rs 400 to Rs 1,05,300 in 22 carat. The prices of 18 carat gold stood at Rs 8,61,600 in 100 grams and at Rs 86,160 in 10 grams, which was up by Rs 3,300 and Rs 330 from September 25th.
Notably, 100 grams of 24 carat dropped by Rs 9,300 on September 25, after falling by Rs 3,200 on September 24. Together, 24 carat of 100 grams has nosedived by Rs 12,500 in these two days.
That being said, 10 grams and 100 grams gold prices in 24 carats are away by Rs 810 and Rs 8,100 from their all-time highs of Rs 1,15,690 and Rs 11,56,900 which was touched on September 23rd.
Despite the latest volatile week, gold rates are up by 8.5%.
On the contrary, silver rates in India continued to hit new record highs and outperform gold. 1Kg silver price is at its new peak of Rs 1,43,000, up by Rs 3,000 on September 26. While 100 grams and 10 grams of silver rates are at Rs 14,300 and Rs 1,430 respectively.
Also, silver beats gold in September with upside of over 13.5% so far.
Should You Buy Gold & Silver?
As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), the recent dip came amid some relaxation in safe haven buying as international spot prices have corrected through investor reassessment of the US rate paradigm.
However, he added that the gold demand in India stemming from the festive and wedding seasons continues to provide an underlying sentiment of demand at high premiums consistent with last week. Additional reports call out increased retail demand ahead of Navratri and Diwali, which continues to bolster sentiment for price development.
"The near term outlook should create value volatility driven by uncertainty in the rupee and global inflation dynamics," said the expert on gold.
In case of silver, Kamboj said, "On the demand front, strong consumption from electronics, solar, and green technology is also strengthening sentiment. It is also noteworthy that while momentum has somewhat faded, silver still continues to attract interest from retail investors and institutional buyers in India as both an investment and an industrial metal."
MCX Gold Price + MCX Silver Price
At MCX, gold futures witnessed a volatile performance. The MCX gold futures with October 2025 expiry, closed lower by Rs 22 to Rs 1,13,766 per 10 grams. While MCX gold with December expiry, neared its record high of Rs 1,15,139 per 10 grams, by closing at Rs 1,15,074 per 10 grams which was up by Rs 18 in the single-day.
On the other hand, MCX silver price with December 2025 expiry, hit a new record high of Rs 1,42,189 per 1Kg on Friday, before closing at Rs 1,42,147 per 1Kg that was up by Rs 258 from previous day.
Spot Gold Price + Spot Silver Price
Spot Gold remained above $3,750 per ounce on Friday, near the record-high of $3,790 despite the rebound for the dollar and Treasury yields as demand for safety offset the outlook of a less-dovish Federal Reserve, as per Trading Economics. Meanwhile, Spot Silver rose past $45 per ounce on Friday to 14 year highs as expectations of lower real interest rates and tightening physical availability collided.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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