In the lead-up to the festive season of Dhanteras and Diwali, gold and silver prices in India witnessed a significant rally, capturing the attention of investors and buyers alike. However, the markets have taken a dramatic turn, especially for silver, leaving many to wonder about the future trajectory of these precious metals.
Silver Prices Experience a Sharp Correction
After a strong upward climb, silver has seen a remarkable downturn. Between October 16 and October 25, 2025, the price of silver fell by approximately ₹35,000 per kilogram. This substantial correction has brought prices down significantly from their recent peaks. As of today, the price for 100 grams of silver is around ₹15,500, translating to roughly ₹1,55,000 per kilogram in major hubs like Mumbai, Delhi, and Kolkata.
It’s important to note that prices can vary by city due to local taxes and making charges. For instance, consumers in Chennai, Hyderabad, and Kerala might find prices slightly higher, around ₹17,000 per 100 grams.
Current Silver Prices in Major Indian Cities (per 100 gm)
| City | Price (per 100 gm) |
|---|---|
| Chennai | ₹17,000 |
| Mumbai | ₹15,500 |
| Delhi | ₹15,500 |
| Kolkata | ₹15,500 |
| Bangalore | ₹15,700 |
| Hyderabad | ₹17,000 |
| Kerala | ₹17,000 |
Will Gold Follow Suit?
The question on every investor’s mind is whether gold will mirror silver’s sharp decline. So far, gold has shown more resilience. While it experienced a minor dip recently, prices have stabilized and even seen a slight uptick today.
As of the latest data, 24-carat gold is trading at ₹12,562 per gram, marking an increase of ₹125. Similarly, 22-carat gold is priced at ₹11,515 per gram, up by ₹115. The price movement over the last ten days reveals a period of consolidation after gold surpassed the significant milestone of ₹13,000 per gram.
Gold Price Trend (Oct 16 – Oct 25, 2025)
A look at the recent data shows the volatility in the gold market:
Prices peaked around ₹13,277 per gram (24K) on October 17th.
This was followed by a steady decline, hitting a low of ₹12,437 on October 24th.
The current price of ₹12,562 indicates a slight recovery, suggesting the market is still finding its footing.
Today’s Gold Rates Across India
Gold prices remain relatively consistent across the country, with minor variations. Here’s a snapshot of today’s rates:
| City | 24K Gold (per gm) | 22K Gold (per gm) |
|---|---|---|
| Mumbai | ₹12,562 | ₹11,515 |
| Delhi | ₹12,577 | ₹11,530 |
| Chennai | ₹12,545 | ₹11,500 |
| Kolkata | ₹12,562 | ₹11,515 |
| Bangalore | ₹12,562 | ₹11,515 |
Outlook for Investors
The recent dip in silver appears to be a sharp correction after its festive-season rally. For gold, the trend suggests a period of price consolidation. Whether gold will see a further significant drop remains uncertain and is highly dependent on global market trends, currency fluctuations, and domestic demand. For potential buyers, this volatility presents both a note of caution and a potential opportunity, making it essential to stay updated with the latest market news.
Fact Check Note: The price data referenced in this article is sourced from Good Returns and reflects the specific period of October 16-25, 2025. Precious metal prices are highly dynamic and can change multiple times throughout the day. We recommend checking live charts from reputable bullion exchanges or financial portals for the most current rates before making any purchase or investment decisions.