- By Priyanka Koul
- Wed, 22 Oct 2025 10:10 AM (IST)
- Source:JND
Gold, Silver Rate On October 22: Gold and silver prices declined on Wednesday as investors booked profits after both metals touched record highs in the previous session. This came despite a surge in festive jewellery demand during Dhanteras, with sales rising by 35 per cent to 40 per cent across India.
The strong demand for gold may ease after Diwali, as the yellow metal is expected to open on a weaker note in the domestic market on Wednesday.
This trend follows a sharp 5.5 per cent drop in international gold prices, the biggest single-day fall since August 2020.
Currently, gold is priced at approximately Rs 1,27,200 per 10 grams for 24-carat, Rs 1,16,000 per 10 grams for 22-carat. Rates vary across major cities due to local taxes, transport costs, and demand fluctuations.
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The drop in global prices has led many investors to lock in gains after benefiting from gold’s recent rally.
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,16,750 | Rs 1,27,350 |
| Jaipur | Rs 1,16,750 | Rs 1,27,350 |
| Ahmedabad | Rs 1,16,650 | Rs 1,27,250 |
| Pune | Rs 1,16,600 | Rs 1,27,200 |
| Mumbai | Rs 1,16,600 | Rs 1,27,200 |
| Hyderabad | Rs 1,16,600 | Rs 1,27,200 |
| Chennai | Rs 1,16,600 | Rs 1,27,200 |
| Bengaluru | Rs 1,16,600 | Rs 1,27,200 |
| Kolkata | Rs 1,16,600 | Rs 1,27,200 |
Silver prices also dipped, quoted at Rs ,63,900 per kg.
Globally, silver fell over 2 per cent to trade near $47.6 per ounce, following a steep 7.1 per cent drop in the previous session.
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Both gold and silver extended their pullback from record highs, while Asian stock markets displayed mixed trends after a subdued session on Wall Street.