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Gold and silver prices dropped over 2 percent on October 24, 2025, as traders booked profits following a brief rally. Analysts expect further downside in the short term, with gold targeting ₹1,24,000 and silver eyeing ₹1,42,000. Global cues and easing trade tensions continue to pressure bullion markets.
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India’s bullion market witnessed a sharp correction on October 24, with gold and silver futures resuming their losing streak after a short-lived rebound. The decline comes amid easing global trade tensions and profit booking by investors, prompting analysts to revise their short-term outlook for precious metals.
Key Highlights
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Gold futures on MCX fell ₹2,704 per 10 grams, or 2.2 percent, to a day’s low of ₹1,21,400
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Silver futures dropped ₹3,432 per kilogram, or 2.3 percent, to ₹1,45,080
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Both metals have posted losses in four of the last five sessions, with silver plunging 11.5 percent overall
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Despite the recent dip, gold is still up 60 percent and silver 67 percent year-to-date, reflecting strong long-term gains
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Analysts at Times of India and India Today suggest gold could dip to ₹1,24,000 and silver to ₹1,42,000 in the near term
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The correction is attributed to reduced safe-haven demand and improved investor sentiment around global trade
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US Federal Reserve cues and dollar strength remain key factors influencing price movements
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Domestic markets were closed on October 22 for Diwali-Balipratipada, delaying reaction to global sell-offs earlier in the week
Experts caution that while the long-term outlook for bullion remains positive due to inflationary pressures and geopolitical risks, short-term volatility is likely to persist. Investors are advised to monitor global indicators and central bank signals before making fresh entries.
Sources: Gold Silver Reports, India Today, Times of India
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