Gold & Silver Rates Drop Over 2% on October 24, 2025 – Analyst Outlook

 

Gold & Silver Rates Resume Losing Streak, Drop Over 2% on October 24, 2025

Gold futures fell to ₹121,400 per 10 grams, while silver futures touched ₹145,080 per kilogram, marking a decline of over 2% in the last session.

Precious metals, gold and silver, resumed their downward trend in Friday’s trade on October 24, following a brief rally in the previous session. The easing of global trade tensions prompted investors and bullion traders to trim their exposure, leading to a notable drop in prices.

Gold Market Update: On the Multi Commodity Exchange (MCX), gold futures declined by ₹2,704 per 10 grams, or 2.2%, hitting ₹121,400. Profit booking from recent gains caused the yellow metal to close lower in four of the last six sessions, resulting in a 4.42% decline over this period. This may mark the first weekly loss in nine weeks for gold.

Silver Market Update: Following a similar pattern, silver futures on MCX dropped ₹3,432 per kilogram, or 2.3%, to ₹145,080. Heavy selling pressure in recent sessions has pushed silver down by 11.5% overall, though it remains significantly higher compared to its value at the start of the year.

The announcement of a meeting between U.S. President Donald Trump and Chinese President Xi Jinping on October 30 influenced market sentiment, raising expectations of eased trade tensions between the world’s two largest economies.

Expert Insights & Analyst Outlook

Jateen Trivedi, VP and Research Analyst at LKP Securities, noted: “Gold prices remained under pressure as profit booking extended from overbought levels. Renewed optimism around US trade deals with India and China encouraged investors to reduce positions.”

He expects short-term gold prices to remain volatile within the range of ₹1,18,000–₹1,25,500, with a slight negative bias until macroeconomic clarity emerges.

2025 Performance

Despite the recent pullback, both metals have posted substantial gains in 2025. Gold has risen by 60% this year, driven by geopolitical tensions, economic uncertainty, strong ETF inflows, central bank purchases, and expectations of interest rate cuts.

Silver has outperformed gold, surging 67% in 2025 due to tight London supplies, record lease rates, and backwardation in the market.

💡 Despite the current decline, both gold and silver remain strong investment options, and analysts suggest monitoring global trade developments closely for future trends.