Gold-Silver Price Update: Precious Metal Prices Ease Across India After Record Rally

After weeks of rallying to record highs, gold and silver prices in India have finally cooled off, pressured by profit-booking and easing global trade concerns. As of Monday, October 27, 2025, both metals are trading lower across major Indian cities. The shift comes as traders anticipate progress in India–US trade discussions, which has softened global demand for safe-haven assets like gold and silver.

Gold Prices Fall After Record Highs

Just ten days ago, 24-carat gold had climbed to a record level of around ₹1,32,770 per 10 grams, but it is now available at over 5% discount from that peak. In the national capital Delhi, gold prices dropped by ₹10 per 10 grams today after remaining stable for a day. Earlier, the metal had gained ₹115 in a single session following a five-day slump between October 20 and October 24, when it lost ₹5,950 overall.

Market experts attribute the current correction to a mix of profit-taking and improving optimism about US-India trade talks, which may reduce the demand for gold as a safe-haven asset.

City-Wise Gold Prices in India (October 27, 2025) City 22-Carat (₹/10g) 24-Carat (₹/10g)

Delhi	1,15,290	1,25,760
Mumbai	1,15,140	1,25,610
Kolkata	1,15,140	1,25,610
Chennai	1,14,990	1,25,440
Bengaluru	1,15,140	1,25,610
Hyderabad	1,15,140	1,25,610
Lucknow	1,15,290	1,25,760
Patna	1,15,140	1,25,660
Ahmedabad	1,15,140	1,25,660
Jaipur	1,15,290	1,25,760

Gold prices across India’s top cities are moving in a narrow range, with only minor day-to-day fluctuations. Delhi and Jaipur continue to record slightly higher rates than other metro cities due to local demand and market premiums.

Silver Loses Shine After Two Days of Stability

After holding steady for two consecutive days, silver prices have dipped again. In Delhi, silver is currently priced at ₹1,54,900 per kilogram, down ₹100 from the previous session. Before the short pause, silver had fallen sharply by ₹17,000 per kilogram over four trading sessions last week.

In Mumbai and Kolkata, silver is selling at the same price — ₹1,54,900 per kilogram — while Chennai remains the most expensive market with rates touching ₹1,69,900 per kilogram.

The correction in silver mirrors the broader trend seen in gold, as festive demand cools off and investors book profits after a strong run-up earlier this month.

Why Gold and Silver Are Losing Momentum

Analysts point to a combination of global and domestic factors influencing the decline:

• Profit booking by investors after a record rally.

• Easing geopolitical tensions and optimism over India–US trade agreements.

• A stable US dollar and bond yields, reducing demand for non-yielding assets like gold.

• Decline in domestic festive buying, which traditionally boosts precious metal prices.

Despite the short-term weakness, experts suggest that the long-term outlook for gold and silver remains positive. Inflationary pressures, global supply concerns, and rising industrial demand — especially for silver in the electronics and solar energy sectors — are expected to keep prices supported in the coming months.

Outlook: Temporary Dip or Start of a Trend?

Market watchers believe that this decline is likely temporary. The metals could stabilize soon, especially if inflation picks up or central banks maintain dovish monetary policies. Silver, in particular, may benefit from its growing industrial use, which now accounts for nearly 70% of total global demand.

For investors, this correction might present an opportunity to accumulate gold and silver at lower prices before the next upward movement.

In summary, both gold and silver have lost some of their festive sparkle after reaching record highs earlier this month. With easing trade tensions and profit-taking driving the pullback, markets are expected to remain range-bound in the near term — but the long-term fundamentals for precious metals continue to look strong.