Festive Dip in Precious Metals: Gold and Silver Prices Ease on Bhai Dooj Morning

As India celebrates the auspicious festival of Bhai Dooj, the shine of gold and silver has slightly dimmed in the domestic market. On October 23, 2025, both 22-carat and 24-carat gold prices slipped across major Indian cities, marking a mild correction after weeks of festive demand.

Gold Prices Drop in Key Cities

According to the latest market updates, 24-carat gold in the national capital Delhi fell to ₹1,26,030 per 10 grams, while 22-carat gold slipped to ₹1,15,540 per 10 grams. The decline comes after several days of strong demand during Dhanteras and Diwali, which traditionally see one of the highest gold buying trends of the year.

In major metros such as Mumbai, Chennai, and Kolkata, similar trends were recorded. The 22-carat gold rate now stands at ₹1,15,390 per 10 grams, while 24-carat gold is priced at ₹1,25,880 per 10 grams.

Here’s a quick look at the latest city-wise gold prices (as of October 23, 2025):

City 22-Carat (₹/10g) 24-Carat (₹/10g)

Delhi	1,15,540	1,26,030
Mumbai	1,15,390	1,25,880
Ahmedabad	1,15,440	1,25,930
Chennai	1,15,390	1,25,880
Kolkata	1,15,390	1,30,850
Hyderabad	1,15,390	1,25,880
Jaipur	1,15,540	1,26,030
Bhopal	1,15,440	1,25,930
Lucknow	1,15,540	1,26,030
Chandigarh	1,15,540	1,26,030

Silver Prices Also Slide

Like gold, silver prices also witnessed a slight decline in early trade. The price of silver has dropped to ₹1,59,900 per kilogram, showing a short-term correction after weeks of upward momentum. Despite today’s dip, silver remains significantly higher compared to last year.

From Dhanteras 2024 to Dhanteras 2025, the white metal has surged by nearly ₹70,300 per kilogram, a 70.51% year-on-year increase. Analysts note that during the recent festive season, demand for silver outpaced gold, reflecting rising interest among retail buyers and investors seeking affordable alternatives.

Why Gold Prices Are Falling

Experts attribute the current decline to profit-booking after the festive rush and fluctuations in global bullion prices. Internationally, gold prices have softened as the U.S. dollar strengthened and investors await key economic cues from global central banks.

In the domestic market, gold rates are influenced by both local and international factors such as currency movement, import duty, inflation expectations, and geopolitical developments. The Indian Rupee’s recent stability and moderate global gold prices have together weighed on local bullion rates.

Outlook: Temporary Dip Before Recovery?

Market analysts believe that the current dip may be short-lived. With the ongoing wedding season and upcoming year-end festivities, gold demand could rise again, potentially stabilizing prices. Moreover, geopolitical uncertainties and inflation concerns could keep long-term investment interest in gold intact.

For now, buyers may find this correction a good opportunity to purchase at slightly lower prices. However, experts advise monitoring global market signals closely before making large purchases.

Disclaimer

The information presented here is for general awareness and should not be taken as investment advice. Gold and silver prices are subject to market risks. Investors should consult certified financial advisors before making investment decisions.