Wed Oct 22 01:50:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:
Gold and Silver Prices Drop After Diwali
New Delhi, October 22, 2025 – Gold and silver prices saw a significant dip in the Indian bullion market today, Wednesday, October 22nd, following the Diwali celebrations. While gold prices remain high, exceeding ₹1,23,000 per 10 grams, the market witnessed a correction after Monday’s gains.
According to the India Bullion and Jewellers Association (IBJA), the price of 22-carat gold (916 purity) fell from ₹1,16,912 per 10 grams on Monday evening to ₹1,13,499 per 10 grams today. Silver prices also experienced a sharp decline.
The IBJA reported the following rates (excluding GST) for Monday, October 20th:
- Gold (999 Purity):
- Morning: ₹1,26,730 per 10 grams
- Evening: ₹1,27,633 per 10 grams
- Silver (999 Purity):
- Morning: ₹1,60,100 per kg
- Evening: ₹1,63,050 per kg
The bullion market did not release prices on Tuesday, October 21st, due to the Diwali holiday. Monday, however, saw an increase in gold and silver rates from morning to evening.
The rates issued by the IBJA are considered standard across the country, but do not include Goods and Services Tax (GST). Consumers should be aware that jewelry prices will be higher due to the inclusion of taxes and making charges. The IBJA does not release rates on Saturdays, Sundays, and public holidays declared by the central government.
First Piper 