Wed Oct 22 01:30:00 UTC 2025: Okay, here’s a summary and a news article based on the provided text:
Summary:
Following Diwali, significant drops were observed in the prices of gold and silver in the Indian market. Silver experienced a substantial decline, with a decrease of approximately ₹8,000 per kilogram on the MCX, bringing the price down to ₹1,50,000. Just the day before, on Diwali, silver prices had already fallen by ₹11,000 on the IBJA. Gold prices also fell, with a decrease of approximately ₹2,500 per 10 grams on the MCX for December futures, settling at ₹1,28,000. Compared to recent record highs, silver is now ₹20,000 cheaper per kilogram and gold is ₹4,000 cheaper per 10 grams.
News Article:
Gold and Silver Prices Plummet Post-Diwali
New Delhi – In a surprising turn following the Diwali celebrations, gold and silver prices have experienced a sharp decline in the Indian market.
On Tuesday, trading on the Multi Commodity Exchange (MCX) saw silver prices drop by approximately ₹8,000 per kilogram, settling around ₹1,50,000. This follows a substantial ₹11,000 per kilogram drop recorded on the Indian Bullion and Jewellers Association (IBJA) on Diwali itself (October 20th).
Gold prices haven’t been spared either. The MCX December futures for 10 grams of gold saw a reduction of approximately ₹2,500, bringing the price down to ₹1,28,000.
Compared to record highs reached on October 17th, silver prices are now approximately ₹20,000 cheaper per kilogram. Gold is around ₹4,000 cheaper per 10 grams.
“The market correction is notable, especially after the festive period,” commented a market analyst. “Investors are likely reacting to [insert possible reason, such as global cues, profit-taking, etc. – you’d need more context for this]. It remains to be seen if this downward trend will continue.”
Yesterday on the IBJA, 24-carat gold was priced at ₹1,26,730 per 10 grams, while silver was priced at ₹1,60,730 per kilogram. These latest drops represent a significant shift in the market after the peak Diwali demand.
First Piper 