Gold and silver prices have decreased after hitting all-time highs in October 2025. Prior to Diwali, gold was priced at approximately ₹1.35 lakh for 10 grams, while silver reached ₹1.9 lakh per kg. Following the festival, both metals began to decline. Currently, gold is priced at around ₹1.21 lakh per 10 grams, reflecting a decrease of ₹14,000, and silver is approximately ₹1.45 lakh per kg, down by ₹45,000. On the MCX platform, gold is trading at ₹1.22 lakh, and silver at ₹1.49 lakh per kg.
The decline in prices can be attributed to the US-China trade agreement, which alleviated global tensions and reduced gold purchases, as well as the US Federal Reserve’s decision to lower interest rates by 25 basis points, which boosted market confidence and diminished gold demand. Although there has been a slight uptick in prices recently, gold and silver remain below their peaks from October.