Gold and Silver Prices in India Witness Sharp Correction After Dhanteras

After an unprecedented rally, gold and silver prices in India witnessed a sharp correction after the end of Dhanteras, as profit booking and easing global outlook pulled rates back from the recent record highs.

Gold Prices Touch Unprecedented Levels During Dhanteras

Gold prices, after all, had touched unprecedented levels during Dhanteras as demand levels remained sky high despite the soaring prices. The price of 24-carat gold touched as high as Rs 1,34,000 levels in select cities in India.

However, the prices have retreated considerably since, with gold rates seeing an immediate fall of up to Rs 2,400 per 10 grams after Dhanteras. This comes after market buyers and investors took advantage of the high prices to book profits.

Current Gold Prices Across Indian Cities

Gold prices (24 carat, 10 grams) across Indian cities on Oct. 19 are as follows:

• Kolkata: Rs 1,30,860
• Mumbai: Rs 1,20,220
• Chennai: Rs 1,26,660
• Bengaluru: Rs 1,26,390
• Delhi: Rs 1,22,990

Silver Prices See Bigger Correction Post Dhanteras

Silver prices, too, saw a bigger price dilution post Dhanteras, as buyers and investors opted to book profits following a stupendous rally.

In select cities, the prices of silver fell up to 8%, as even demand environment slowed after the end of Dhanteras, where consumers spent as much as Rs 1 lakh crore.

Current Silver Prices Across Indian Cities

Silver prices across Indian cities are as follows:

• Kolkata: Rs 1,72,000 per kg
• Mumbai: Rs 1,90,000 per kg
• Chennai: Rs 1,90,000 per kg
• Bengaluru: Rs 1,80,000 per kg
• Delhi: Rs 1,72,000 per kg

Market experts have recently flagged the sky-high gold and silver prices as signs of a stressed global environment. The recent pullback, therefore, is not exactly surprising.

Despite the correction post-Dhanteras, though, both gold and silver prices have retained a significant portion of the gains made in 2025.

For investors looking to capitalize on the gold investment strategies or silver investment options, it is essential to stay updated on the latest market trends and analysis.

Furthermore, understanding the fundamental analysis of gold prices and technical analysis of silver prices can help investors make informed decisions.

Impact of Global Events on Gold and Silver Prices

The prices of gold and silver are heavily influenced by global events, including economic indicators, geopolitical tensions, and monetary policy decisions.

Investors can stay ahead of the curve by following the latest gold and silver news and analysis, and by exploring investment opportunities in precious metals.