Gold Rate Declines Today, October 20: Diwali 2025 Bullion Prices in Key Cities
Gold prices experienced a dip today, October 20, 2025, after hitting record highs in the lead-up to Diwali. This correction comes amidst high seasonal demand and global economic uncertainties that have fueled a significant surge in precious metal values throughout the year. Investors are closely monitoring market movements to gauge the best time to buy as the festive season continues.
Current Prices in Major Cities:
While slight variations exist across different cities, here’s an overview of the prevailing gold rates:
- Delhi: After hitting an all-time high of Rs 1,34,800 on Friday, 24-karat gold slipped to Rs 1,32,400 per 10 grams on Saturday.
- Mumbai: Specific rates for Mumbai were not available in the provided context.
- Pune: Specific rates for Pune were not available in the provided context.
- Hyderabad: 10 grams of gold is currently trading at Rs 1,30,860 for 24-karat, Rs 1,19,950 for 22-karat, and Rs 98,140 for 18-karat gold.
- Other Key Rates: 24-carat gold is at Rs 1,30,860 per 10 grams, 22-carat gold is at Rs 1,19,950 per 10 grams, and 18-carat gold is at Rs 98,140 per 10 grams. Silver is priced at Rs 1,72,000 per kilogram.
Factors Influencing the Price Drop:
- Profit-Booking: Analysts suggest that the recent price correction is due to investors cashing in on profits after the bullion's meteoric rise.
- Fading Festive Demand: With the major buying days of Dhanteras and Choti Diwali concluded, the initial surge in demand is beginning to subside, contributing to the price ease.
Market Outlook and Expert Predictions:
Despite the recent dip, the overall outlook for gold remains bullish. Experts predict prices to remain elevated in the near term.
- Short-Term Consolidation: A mild correction is expected in the coming week as festive demand wanes.
- Long-Term Growth: According to an ICICI Bank Global Markets report, domestic gold prices are projected to trade between Rs 1,20,000 and Rs 1,35,000 per 10 grams for the remainder of 2025, potentially rising to Rs 1,45,000 by early 2026. Some experts believe that gold could reach ₹1,40,000–₹1,45,000+ by Diwali 2026.
- Global Factors: Expectations of US rate cuts, a weaker dollar, and sustained central bank accumulation are expected to keep global gold prices high.
Analyst Perspectives:
- Inderbir Singh Jolly, CEO of PL Wealth Management, noted that gold is rewriting its role as a core strategic asset, driven by a weak dollar, rate cut expectations, and central bank accumulation.
- Mahendra Patil, Founder and Managing Partner, MP Financial Advisory Services LLP, stated that most projections made in early 2025 expected gold to stabilize near $3,400-3,600 per ounce by FY2026, yet prices rallied due to renewed safe-haven demand and expectations of further US rate cuts.
- According to Prathamesh Mallya, DVP – Research, Non-Agri Commodities and Currencies, Angel One, the shine in gold prices has been supported by policy uncertainty, US tariffs, and a slowdown in the American economy.
Investment Advice:
While the long-term outlook for gold appears positive, experts advise caution. Investors should closely monitor price movements and consider incremental buying strategies during dips.
Global Gold Prices:
Globally, gold prices have seen some fluctuation. On October 20, 2025, gold rose to $4,263.61 USD per t.oz, up 0.32% from the previous day. However, it's important to note that gold had dropped over 2% on Friday to around $4,230 per ounce, retreating from an all-time high of $4,379.60 hit earlier in the session. In the United States, the price of gold today, October 20, 2025, has decreased slightly by 4 U.S. Dollars per ounce to reach 4,245.87 U.S. Dollars per ounce.
Silver's Performance:
Silver has also experienced a significant rally, driven by high industrial demand. Silver prices extended their bull run along with gold and were up over 15% in the week till Thursday. MCX silver futures for December delivery hit a record Rs 1,70,415 per kilogram before closing at Rs 1,56,604.
