- By Aditya Jha
- Wed, 22 Oct 2025 07:16 PM (IST)
- Source:JND
Gold Silver Prices: The prices of precious metals, gold and silver, on Wednesday witnessed a significant fall on the Multi Commodity Exchange due to several reasons. The prices of gold fell by 5.61 per cent to Rs 1,20,600 per 10 grams, which is Rs 7,200 less than the highest level of Rs 1,28,271. Apart from this, the prices of silver fell by 4 per cent to reach Rs 1,43,900 per kg; however, the prices are likely to recover in the upcoming weeks. The fall in prices was registered due to several reasons, including the end of the festival seasons in India, the increasing US dollar's strength, and the reduction in tensions between the US and China.
Prices Fell Even After Record Decline
The technical indicators are now showing that the price of gold had reached the overbought zone, indicating that the phase of profit booking has started. The MCX saw a sharp decline in trading at 5 pm today, following a 12-year record low in international markets. Apart from the abovementioned factors, the uncertainty by the investors has also led to the dip in the prices of the key metals.
ANZ Group analysts Brian Martin and Daniel Hynes stated that the elevated position levels fueled the selloff, reported Jagran.Com. However, the experts suggested that the prices of gold and silver are likely to regain momentum. The price of 24-carat gold at IBJA was Rs 1,23,907 per 10 grams, which was Rs 1,26,730 during the previous trading session. There was a decrease of Rs 2,893 in the prices of gold. Apart from this, a decrease of Rs 2,586 was recorded in 22-carat gold.
Currently, the market environment is uncertain, and experts believe that gold and silver prices may see further fluctuations in the near future.
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