- By Priyanka Koul
- Tue, 21 Oct 2025 10:57 AM (IST)
- Source:JND
Gold Rate Today, October 21: Gold and silver prices fell on Tuesday as investors booked profits after both metals hit record highs in the previous session, even as festive jewellery sales during Dhanteras jumped 35 to 40 per cent across India.
In Mumbai, 24-carat gold was priced at Rs 1,32,770 per 10 grams, while 22-carat gold stood at Rs 1,21,700 per 10 grams. These prices exclude GST and making charges. Silver, on the other hand, was trading at Rs 1,71,900 per kilogram.
On the global front, spot gold slipped 0.3 per cent to $4,340.29 an ounce as of 2:48 AM GMT, retreating slightly after reaching an all-time high of $4,381.21 on Monday. Meanwhile, US gold futures for December delivery saw a minor decline of 0.1 per cent , settling at $4,356.40 an ounce. The slight correction was mainly attributed to profit booking by investors, despite continued optimism around potential interest rate cuts by the US Federal Reserve and ongoing safe-haven demand.
The Multi Commodity Exchange (MCX) has announced special Muhurat trading hours on October 21, 2025, to mark the auspicious occasion of Diwali. The pre-open session will run from 1:30 p.m. to 1:44 pm., followed by the main trading window from 1:45 pm. to 2:45 pm. During this one-hour session, all commodity and index contracts will be open for trading, with client code changes allowed until 3:00 p.m.
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,19,940 | Rs 1,30,830 |
| Jaipur | Rs 1,19,940 | Rs 1,30,830 |
| Ahmedabad | Rs 1,21,750 | Rs 1,32,820 |
| Pune | Rs 1,21,750 | Rs 1,32,820 |
| Mumbai | Rs 1,21,700 | Rs 1,32,770 |
| Hyderabad | Rs 1,21,700 | Rs 1,32,770 |
| Chennai | Rs 1,21,700 | Rs 1,32,770 |
| Bengaluru | Rs 1,21,700 | Rs 1,32,770 |
| Kolkata | Rs 1,21,700 | Rs 1,32,770 |
Silver Prices Dip Amid Supply Concerns
The silver market continues to face supply-side challenges, adding to the volatility in prices.Silver had turned hot earlier this month when global spot prices surged past $40 an ounce amid concerns of a physical shortage. The rally extended further, crossing $50 in mid-October. However, by the end of last week, prices began to retreat as easing trade tensions reduced safe-haven demand.
On October 17, silver prices in the US fell by over 6 per cent, and the correction soon spilled over into Indian markets. According to the India Bullion and Jewellers Association (IBJA), silver prices in India fell 7 per cent on October 20, slipping from Rs 1,71,275 per kg to Rs 1,60,100 per kg. The decline directly impacted silver ETFs, which mirror domestic silver prices.
Data from Ace MF shows that silver ETFs logged steep single-day losses, with most funds dropping up to 7 per cent on October 20.
( Inputs from Agencies)