Gold prices in India declined sharply on Tuesday, November 5, as the market continued to correct after a multi-month rally. Sparking talk among buyers about how long the fall might continue.
Silver, too, saw a dip in prices, but both metals have still performed impressively in 2025, with gold up 60% and silver up 65%, highlighting their strong long-term demand.
| Purity | Price (₹ per gram) | Change |
|---|---|---|
| 24K | ₹12,148 | ▼ ₹98 |
| 22K | ₹11,135 | ▼ ₹90 |
| 18K | ₹9,111 | ▼ ₹73 |
Experts say gold prices might stay steady for now as the market takes a short pause before deciding where to head next.
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Silver prices also declined, settling near ₹150 per gram or ₹1,50,000 per kilogram. After months of strong growth driven by factory demand and lower supply, the metal seems to be cooling off as the market balances out.
MCX and Global Market Update
On the Multi-Commodity Exchange (MCX), both metals ended lower on Tuesday:
Gold (Dec futures): ₹1,19,830 per 10 grams
Silver (Dec futures): ₹1,45,484 per kg
Globally, gold prices slipped below $4,000 per ounce, as traders reacted to reduced chances of another U.S. Federal Reserve rate cut in December.
What’s Next for Gold and Silver?
Experts say gold and silver prices might keep moving up and down this week. Much depends on how the U.S. economy performs and how global trade talks unfold. In China, gold demand has cooled down after new tax changes for retailers, adding a bit more pressure on global prices.
Gold and silver prices may keep moving up and down for a while, but that’s a normal part of the market. Even with the current fall, both metals have performed strongly this year, and many experts still view gold and silver as safe, long-term investments.
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