As the festive season gains momentum, gold and silver prices in India witnessed a slight decline on October 18, 2025, giving a mild breather to buyers ahead of Dhanteras and Diwali.

According to the latest data from Goodreturns, prices for both precious metals have gone down compared to the previous day.

📉 Gold Prices Drop – A Look at Today’s Rates

· 24-Carat Gold (Pure gold):

· ₹1,04,688 per 10 grams

· Drop of ₹1,528 from yesterday

· 22-Carat Gold (Used mostly in jewellery):

· ₹95,968 per 10 grams (approximate, varies by city)

This price correction comes after a steady rally in gold rates over the past few weeks, driven by global market volatility and demand during the wedding and festival season.

🪙 Silver Prices Also See a Downtrend

· Silver price today stands at:

· ₹1,292 per 10 grams (₹12,920 per 100 grams)

· A marginal dip from the previous day's rate

Silver, like gold, is witnessing high demand for jewellery, utensils, and coins, especially in states like Maharashtra, Gujarat, and rajasthan during navratri and Diwali.

📊 What’s Driving the Price Movement?

The dip in gold and silver rates is being attributed to:

· Mild corrections in global bullion markets

· Stable USD and easing geopolitical tensions

· Profit booking by investors after recent price spikes

· Seasonal adjustments in demand as buyers wait for further dips before Dhanteras

🪔 Festive Impact: Is Now a Good Time to Buy?

With Diwali and Dhanteras just around the corner, many jewellers are offering discounts on making charges and festive offers.
This dip in prices might be a golden opportunity for early buyers to make their purchases before the market picks up again.

Experts suggest keeping an eye on international trends, as any changes in inflation, crude oil prices, or geopolitical tensions could push gold rates up again.

📍 City-Wise Price Snapshot (24-Carat gold per 10g)

City

Price (₹)

Delhi

₹1,04,700

Mumbai

₹1,04,680

Chennai

₹1,05,000

Kolkata

₹1,04,650

Bengaluru

₹1,04,600

(Prices are approximate and may vary by jeweller or region)

🧾 Final Tip

If you're planning to buy gold or silver this festive season, today’s dip might be a smart entry point. Keep checking updates, as bullion prices often fluctuate in the lead-up to major festivals.

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