Gold and Silver Prices Continue to Slide Across India: Third Straight Day of Decline Hits Bullion Market

Gold Rate Today: Precious Metals Lose Shine as Prices Dip for Third Consecutive Day

India’s bullion market is witnessing a consistent downward trend in both gold and silver prices following their record highs earlier this month. On October 29, 2025, gold prices fell for the third consecutive day, while silver extended its losses for the second straight session, reflecting weaker global cues and easing demand after the festive season.

Just days before Diwali, gold and silver had surged to historic peaks, but since then, both metals have lost significant ground. In merely 12–13 days, silver prices have dropped over 20% from record highs, while gold has slipped more than 8%.

Gold Prices Fall Again in Major Cities

In Delhi, the price of 24-carat gold declined by ₹10 per 10 grams today, extending a three-day streak of declines. In total, 24-carat gold has fallen ₹4,810, while 22-carat gold has dropped ₹4,410 over the past three days.

On October 17, 2025, a day before Dhanteras, gold had reached its record levels — ₹1,32,770 per 10 grams for 24-carat and ₹1,21,700 per 10 grams for 22-carat. Since then, both variants have seen steady price corrections.

Silver, too, has lost its festive shine. In Delhi, silver prices have fallen ₹4,100 per kilogram in the last two days, following three days of stability. Earlier, during mid-October, silver had touched ₹1.90 lakh per kilogram, but now it trades around ₹1,50,900 per kilogram.

Why Gold and Silver Are Falling

The recent weakness in gold and silver prices is largely attributed to global market movements and easing investor concerns about U.S. tariff policies. Hopes of reduced trade tensions between the U.S. and China have led investors to shift away from safe-haven assets like precious metals.

At the same time, domestic demand has softened after heavy festive buying during Dhanteras and Diwali. With retail and jewelry demand easing, prices have adjusted accordingly. Analysts, however, expect prices to stabilize soon as global economic conditions become clearer.

City-Wise Gold Rates in India (October 29, 2025)

Here’s a look at the latest 22-carat and 24-carat gold prices across India’s major cities:

Across most cities, the difference between 22-carat and 24-carat gold remains nearly ₹10,000 per 10 grams. Chennai, Mumbai, and Hyderabad maintain nearly identical prices, showing a uniform market trend.

Silver Prices Also Continue to Drop

Silver, which had remained steady for three days earlier, is now falling for the second consecutive day. Over the last two days, Delhi has seen a total decline of ₹4,100 per kilogram.

Currently, silver is priced at ₹1,50,900 per kilogram in Delhi, Mumbai, and Kolkata, while in Chennai, it remains the most expensive at ₹1,64,900 per kilogram.

Market Outlook: What to Expect Next

Experts suggest that the current phase of correction in gold and silver is likely to continue in the short term due to subdued buying interest and easing global tensions. However, long-term fundamentals remain positive.

Gold and silver are still seen as reliable hedges against inflation and currency fluctuations. Moreover, silver’s growing use in electronics, electric vehicles, and renewable energy sectors could push its prices higher again once industrial demand picks up.

Investors looking for entry points in precious metals might find the current dip a good opportunity for medium- to long-term accumulation.

Key Takeaways

• Gold falls for the third consecutive day; silver dips for the second day in a row.

• Silver prices have dropped over 20% in 13 days; gold down more than 8% from record highs.

• Post-festive demand slowdown and optimism on global trade easing are key reasons for the decline.

• Analysts expect a rebound once industrial and investment demand recovers.