Gold fell by ₹ 5,677 from record high, came to ₹ 1,23,907: Silver also became cheaper by ₹ 25,599 from high; Selling at ₹1.52 lakh per kg

There has been a huge fall in the prices of gold and silver after Diwali. Gold has become cheaper by Rs 5,677 from its all-time high and silver has also become cheaper by Rs 25,599 from its record high.

According to India Bullion and Jewelers Association (IBJA), today i.e. on October 22, the price of 10 grams of 24 carat gold has fallen by Rs 3,726 to Rs 1,23,907.

Earlier on October 20, it was at Rs 1,27,633. On October 17, gold had made an all-time high of Rs 1,29,584.

Silver prices fell by Rs 10,549 in a day

Today the price of silver has fallen by Rs 10,549 to Rs 1,52,501 per kg. Earlier, silver was Rs 1,63,050 per kg. On October 14, silver had reached an all-time high of Rs 1,78,100.

Gold price according to carat

carat	Price (Rs/10 grams)
24	₹1,23,907
22	₹1,33,499
18	₹92,930
14	₹70,486

Gold price in big cities of the country

City	10 grams 24 carat	10 grams 22 carat
Delhi	₹1,27,350	₹1,16,750
Mumbai	₹1,27,200	₹1,16,600
Kolkata	₹1,27,200	₹1,16,600
Chennai	₹1,27,640	₹1,17,000
Jaipur	₹1,27,350	₹1,16,750
Bhopal	₹1,27,250	₹1,16,650
Patna	₹1,27,250	₹1,16,650
Lucknow	₹1,27,350	₹1,16,750
Raipur	₹1,27,200	₹1,16,600
Ahmedabad	₹1,27,250	₹1,16,650

Source: IBJA/Good Returns (October 22, 2025)

Due to the recent fall in the prices of gold and silver

• End of seasonal buying in India: After festivals like Diwali, the process of purchasing gold and silver stopped in India. Due to this the demand for gold and silver has decreased.
• Ease in US-China trade tension: Gold and silver are considered ‘safe-haven’, that is, people buy them in difficult times. But now a meeting is going to be held between US President Donald Trump and China’s Xi Jinping next week. This has reduced the concern about trade war.
• Profit-Taking and Overbought Signals: Investors are booking profits after the rally. Technical indicators such as the Relative Strength Index (RSI) were showing that prices had reached the overbought zone. Therefore, trend followers and dealers have started selling.

This year gold became costlier by ₹ 47,745 and silver by ₹ 66,484

So far this year, the price of gold has increased by Rs 47,745. On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which has now become Rs 1,23,907.

The price of silver has also increased by Rs 66,484 during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which has now become Rs 1,52,501 per kg.

Keep these 2 things in mind while buying gold

1. Buy only certified gold: Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). This number can be alphanumeric i.e. something like this – AZ4524. Hallmarking shows how many carats the gold is.

2. Price Cross Check: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat.

There is more news…