Wed Oct 22 01:30:00 UTC 2025: Gold and Silver Prices Plunge After Months of Gains
Hyderabad, India – Gold and silver prices have experienced a sudden and significant drop after months of steady increases. In international markets, gold fell by 6.3% – the largest drop in 12 years, while silver fell even more drastically at 8.7%.
On the US COMEX, gold prices reached \$4,082 per ounce (31.1 grams), and silver reached \$47.89 per ounce. According to bullion market sources, this could lead to a decrease of at least ₹6,000 per 10 grams of gold domestically.
Recently, domestic gold prices touched ₹1,34,800 per 10 grams, while silver reached ₹1,85,000. The final domestic prices will depend on the rupee’s exchange rate against the dollar and import duties. Palladium and platinum prices have also fallen by about 7% in the international market.
December futures for gold were trading at \$4,122, down 5.5%, while silver futures were down 7.36% at \$47.60.
Reasons for the Decline:
Bullion market analysts cite several factors contributing to the price drop:
- Positive discussions in the US-China tariff war.
- Strengthening of the dollar index against six major currencies.
- Potential resolution of the US government shutdown.
Additionally, large investments into gold and silver ETFs recently have led to overbought positions, triggering profit-taking sales by traders and investors, leading to the correction.
The upcoming meeting between the presidents of China and the United States next week is seen as a potentially positive development.
First Piper 