Sun Oct 26 00:20:00 UTC 2025: Okay, here’s a summary and a news article based on the provided text:
Summary:
Gold prices in India have fallen approximately 6% from record highs reached earlier in October. This decline is attributed to profit-taking by investors, reduced seasonal demand, and a strengthening US dollar. Experts suggest that the market is undergoing a technical correction after a prolonged rally. While short-term gold purchases might slow down, long-term investors still see value in gold. Geopolitical tensions easing and positive developments in global trade are also contributing to investors shifting towards riskier assets like the stock market. As of October 26th, 24-carat gold is trading at approximately ₹1,26,960 per 10 grams, 22-carat gold at ₹1,15,550 per 10 grams, and silver at ₹1,53,700 per kilogram.
News Article:
Gold Prices Plummet in India, Driven by Profit-Taking and Global Factors
New Delhi, October 26th – Gold prices in India have experienced a significant drop, falling roughly 6% from the record highs seen earlier this month. The decline is attributed to a combination of factors, including profit-taking by investors, weakened seasonal demand following the festive season, and a strengthening US dollar.
On Sunday, October 26th, 24-carat gold was trading at ₹1,26,960 per 10 grams, while 22-carat gold was priced at ₹1,15,550 per 10 grams. Silver rates are currently ₹1,53,700 per kilogram. This represents a considerable decrease from peak values seen just weeks ago.
“Investors who drove prices to record highs are now cashing in on their gains,” said Aksha Kamboj, Vice President of the India Bullion and Jewellers Association (IBJA). “Post-festival demand has stabilized, and the stronger dollar is reducing the appeal of gold as a safe haven asset.”
Analysts suggest that the market is undergoing a technical correction after a sustained period of growth. Tejas Shregrekar, Chief Technical Research Analyst at Angel One, noted that gold had historically reached overbought levels, triggering the price correction.
The strengthening US dollar is also putting downward pressure on gold prices, as it makes the precious metal more expensive for investors holding other currencies.
Furthermore, easing geopolitical tensions and optimism surrounding potential trade agreements between the US and China are leading investors to shift their focus toward riskier assets, such as the stock market.
“After nine weeks of consecutive gains, investors are now booking profits,” said Darshan Desai, CEO of Aspect Bullion & Refinery. “Global trade developments and a stronger US dollar are contributing to a more optimistic outlook, driving investors back to risk assets.”
While some experts predict a potential slowdown in short-term gold purchases, they maintain that long-term investors still view gold as a valuable asset. The future direction of gold prices will likely depend on a number of factors, including global economic conditions, geopolitical events, and fluctuations in currency values.
First Piper 