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Gold prices in India have taken a sharp turn this week, with rates plunging dramatically after months of strong gains.
In Bangalore, the price of 24-carat gold on Friday, October 24, 2025, stands at Rs 12,546 per gram, while 22-carat gold is priced at Rs 11,500 per gram, and 18-carat gold at Rs 9,409 per gram. The decline follows a significant correction in global bullion prices, coinciding with the post-Diwali cooling of demand across jewellery markets.
Over the past seven days, the price of 100 grams of 24-carat gold has fallen by an astonishing Rs 77,000, according to a report and financial analysts. This sharp correction marks the end of a months-long rally that saw gold prices soar nearly 60 percent since the start of 2025, cementing the year as one of the best for gold investors in recent history. Analysts attribute the fall to profit-booking by investors, easing global tensions, and slight strengthening of the Indian rupee against the US dollar.
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In contrast to the near-permanent upswing seen earlier this year, the metal has entered a phase of volatility, with prices moving within a wide range in October. The highest gold price recorded this month had crossed Rs 13,270 per 10 grams, while the latest rate brings it closer to Rs 12,546—a clear sign of cooling inflationary expectations in the international market.
Silver prices too have witnessed a similar downfall. On October 24, the price of silver in India stands at Rs 1,56,000 per kilogram, down nearly Rs 3,000 from the previous session. Despite this dip, silver recorded nearly 70 percent returns through 2025, driven by high industrial demand and limited supply.
Experts, however, caution that these declines may be temporary. They suggest that long-term demand for both gold and silver remains strong, particularly as global economies continue to navigate inflationary pressures and monetary policy changes. For Bengaluru’s gold buyers and investors, this brief correction could present a buying opportunity ahead of the wedding season, even as the precious metal’s shine dims momentarily in global markets.
