Gold and Silver Prices See Significant Drop: Here’s Why and What You Should Know

Digital Desk

In a notable shift for investors and buyers, the prices of gold and silver witnessed a sharp decline today, October 30, 2025. According to the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold has fallen by Rs.1,375 to Rs.1,19,253 per 10 grams. Similarly, silver prices have dropped by Rs.1,033, now trading at Rs.1,45,600 per kilogram.

This correction comes just 13 days after both metals hit their all-time highs. Since October 17, gold has become cheaper by Rs.10,246 and silver has seen a massive fall of Rs.25,675.

Key Reasons Behind the Price Fall

Market experts point to three primary factors driving this downturn:

1. End of Seasonal Demand: The recent festive season, including Diwali, typically sees a surge in gold purchases. With the festivities over, the domestic demand has softened, leading to lower prices.

2. Easing Global Tensions: Gold is considered a "safe-haven" asset during geopolitical uncertainty. As global tensions have shown signs of de-escalation, investors are moving away from bullion, reducing its appeal.

3. Profit-Booking by Investors: After a sustained rally, technical indicators suggested the market was overbought. This prompted many investors and traders to sell their holdings and book profits, further pushing prices down.

Yearly Performance and Buying Tips

Despite the recent drop, 2025 has been a strong year for precious metals. Gold has still gained Rs.43,091 since December 2024, and silver has surged by Rs.59,583.

For those looking to buy during this dip, remember to always purchase BIS-hallmarked certified gold to ensure purity. Furthermore, cross-check the day's price from reliable sources like the IBJA website and understand the price variation between different carats like 24k, 22k, and 18k.