Gold and Silver Prices Decline Across India as Market Correction Continues

New Delhi, April 24, 2025 Following its historic surge past the ₹1 lakh mark, gold prices in India are now undergoing a consistent correction, leading to a dip in both gold and silver rates across the country. On Wednesday, the bullion market continued its downward trend, with 24-carat gold trading between ₹98,240 and ₹98,340 per 10 grams, while 22-carat gold hovered between ₹90,050 and ₹90,200 per 10 grams.

Gold and Silver Prices Gold Prices Slide in Major Cities

In Delhi, 24-carat gold is retailing at ₹98,340 per 10 grams, and 22-carat gold stands at ₹90,200. In Mumbai, the financial capital, prices are slightly lower, with 24-carat gold at ₹98,240 and 22-carat at ₹90,050.

Ahmedabad mirrors Mumbai’s pricing, while in Chennai, both 24-carat and 22-carat gold are priced similarly at ₹98,240 and ₹90,050, respectively. Kolkata also reports identical figures, marking a nationwide correction trend.

Cities like Lucknow, Patna, and Jaipur recorded 24-carat gold prices at ₹98,340, and 22-carat gold at ₹90,200. The consistency in pricing across regional markets reflects a broad adjustment in gold rates.

Silver Prices Drop Below ₹1.01 Lakh Mark

Silver prices are also following the same downward path. In Delhi, silver is currently priced at ₹100,900 per kilogram, a drop from previous highs amid reduced industrial demand and global cues.

Market-Wide Correction Observed

In southern states such as Karnataka (Bengaluru), Telangana (Hyderabad), and Odisha (Bhubaneswar), 24-carat gold is trading at ₹98,240, while 22-carat gold is priced at ₹90,050 per 10 grams — reaffirming the uniformity in the market correction.

Experts suggest that the ongoing dip may offer a window of opportunity for long-term investors and retail buyers, especially ahead of wedding and festival seasons. However, the bullion market remains volatile due to international trends, central bank policies, and global geopolitical developments.