Gold and silver prices fell again on Friday, October 24, after a short rally the day before. Traders sold holdings as hopes of easing trade tensions grew.
Gold futures on the MCX dropped ₹2,704 per 10 grams, or 2.2%, to ₹1,21,400. The metal has fallen in four of the last six sessions, losing about 4.4% in value. This could be its first weekly loss in nine weeks.
Silver followed the same path. MCX silver futures slipped ₹3,432 per kilogram, or 2.3%, to ₹1,45,080. The metal has dropped in four of the last five sessions, falling nearly 11.5% overall.
The decline came after reports that U.S. President Donald Trump and China’s President Xi Jinping will meet on October 30. The news lifted hopes of better trade ties between the two countries, which reduced demand for safe-haven metals like gold and silver.
Trade tensions have been high in recent weeks, with both nations imposing new tariffs. Any sign of peace talks is easing investor fear and driving some profit booking.
Expert View: Prices May Stay Volatile
Jateen Trivedi, VP and Research Analyst at LKP Securities, said gold prices are under pressure due to profit booking from overbought levels. Renewed optimism about U.S. trade deals with India and China also pushed investors to cut positions.
Gold has corrected over 3.4% this week and now trades near ₹1,22,000. The ongoing U.S. government shutdown and uncertain trade talks are keeping investors cautious.
Trivedi expects gold prices to move between ₹1,18,000 and ₹1,25,500 in the near term, with a slight downward bias until global cues become clearer.
Gold and Silver Still Strong in 2025
Despite the recent drop, both metals have gained sharply this year. Gold prices on MCX are still up 60% in 2025, boosted by global tensions, rate cut hopes, and strong central bank buying.
Silver has performed even better, rising 67% this year. Tight supply in London, high lease rates, and strong industrial demand are driving the gains.
Bottom Line
Gold and silver may face short-term pressure as traders book profits, but long-term sentiment remains strong. Investors should track global news and consult certified experts before making any trades.
Gold and Silver Prices Drop Over 2% — Analysts Expect More Swings
Updated: October 24, 2025 | Author: A Ksheerasagar
Gold and silver prices fell again on Friday, October 24, after a short rally the day before. Traders sold holdings as hopes of easing trade tensions grew.
Gold futures on the MCX dropped ₹2,704 per 10 grams, or 2.2%, to ₹1,21,400. The metal has fallen in four of the last six sessions, losing about 4.4% in value. This could be its first weekly loss in nine weeks.
Silver followed the same path. MCX silver futures slipped ₹3,432 per kilogram, or 2.3%, to ₹1,45,080. The metal has dropped in four of the last five sessions, falling nearly 11.5% overall.
The decline came after reports that U.S. President Donald Trump and China’s President Xi Jinping will meet on October 30. The news lifted hopes of better trade ties between the two countries, which reduced demand for safe-haven metals like gold and silver.
Trade tensions have been high in recent weeks, with both nations imposing new tariffs. Any sign of peace talks is easing investor fear and driving some profit booking.
Expert View: Prices May Stay Volatile
Jateen Trivedi, VP and Research Analyst at LKP Securities, said gold prices are under pressure due to profit booking from overbought levels. Renewed optimism about U.S. trade deals with India and China also pushed investors to cut positions.
Gold has corrected over 3.4% this week and now trades near ₹1,22,000. The ongoing U.S. government shutdown and uncertain trade talks are keeping investors cautious.
Trivedi expects gold prices to move between ₹1,18,000 and ₹1,25,500 in the near term, with a slight downward bias until global cues become clearer.
Gold and Silver Still Strong in 2025
Despite the recent drop, both metals have gained sharply this year. Gold prices on MCX are still up 60% in 2025, boosted by global tensions, rate cut hopes, and strong central bank buying.
Silver has performed even better, rising 67% this year. Tight supply in London, high lease rates, and strong industrial demand are driving the gains.
Bottom Line
Gold and silver may face short-term pressure as traders book profits, but long-term sentiment remains strong. Investors should track global news and consult certified experts before making any trades.
Gold Shines Again as Global Tensions Boost Safe-Haven Demand
Published: October 23, 2025 | Source: Reuters / Bloomberg
Gold prices jumped on Thursday after two days of losses, lifted by renewed geopolitical risks and trade concerns. Investors turned to the yellow metal as a safe haven while waiting for key U.S. inflation data.
Spot gold climbed 1.1% to $4,140.19 per ounce, while U.S. gold futures for December delivery rose 2.1% to $4,152.40 per ounce. The metal had dropped to a near two-week low earlier in the week after hitting a record $4,381.21 on Monday.
Why Gold Is Rising
The key factors driving gold’s rally this year remain strong. These include geopolitical tensions, economic uncertainty, central bank buying, and expectations of interest rate cuts.
Peter Grant, vice president and senior metals strategist at Zaner Metals, said traders took advantage of lower prices. “There was some opportunistic buying on the dip,” he noted, adding that ongoing global tensions have added to gold’s strength.
Impact of Global Politics
U.S. President Donald Trump recently imposed new sanctions on Russia related to the war in Ukraine. The sanctions target major oil companies Lukoil and Rosneft, raising global concerns over trade and energy supplies.
Such developments often lead investors to move funds into safe assets like gold. The metal is viewed as a hedge against political and economic uncertainty.
A Year of Strong Gains
Gold has gained about 57% this year, supported by consistent central bank purchases and expectations that the U.S. Federal Reserve will continue to lower rates. Lower interest rates make non-yielding assets like gold more attractive to investors.
Despite some recent volatility, analysts say the overall trend remains positive. As long as global risks persist, gold’s appeal as a safe-haven asset is likely to stay firm.
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