Gold and silver prices have made a significant recovery in Indian markets on Wednesday, 29 October 2025, after the sharp two-day decline, which was driven by heavy profit-booking. Today’s gold price movement is largely influenced by the investors’ caution ahead of the US Federal Reserve’s Monetary policy decision.
Gold and silver price comparison
On October 29, 2025, the 24-carat gold rate was recorded at ₹12,038 per gram, which is a significant decrease of ₹173 from yesterday’s price, which was reported at ₹12,038 per gram.
Silver rates saw a rise of ₹1 per gram today. On October 28, 2025, the silver price per gram was at ₹151; however, today the price per gram is recorded at ₹152.
However, gold and silver rates have recorded an increase in recent days, as compared to the last few weeks. This domestic rebound is being driven by the international market, where spot gold stabilised at $4,022 per ounce, and spot silver stabilised at $48.30 per ounce.
Mixed sentiments for the gold and silver markets
However, the previous fall in rates of gold and silver was driven by many factors. After a significant high demand for gold, the prices surged to about 50 %, and hence many investors who bought gold at a lower price decided to sell off and “cash in” the amount to lock in their substantial profits. Positive news on U.S.-China trade talks, as well as some relief elsewhere in the world, had reduced the attraction of gold as a “safe-haven.” Investors were hungry for riskier assets then.
In some states, prices of the metals have surged, and in some locations it has dipped. With the winter wedding season approaching, the recent price dip has encouraged some consumers to make purchases, providing a floor for local prices.
