Gold and Silver Prices Decline Across India as Market Correction Continues

Ganpat Singh Chouhan

New Delhi, April 24, 2025 Following its historic surge past the ₹1 lakh mark, gold prices in India are now undergoing a consistent correction, leading to a dip in both gold and silver rates across the country. On Wednesday, the bullion market continued its downward trend, with 24-carat gold trading between ₹98,240 and ₹98,340 per 10 grams, while 22-carat gold hovered between ₹90,050 and ₹90,200 per 10 grams.

Gold Prices Slide in Major Cities

In Delhi, 24-carat gold is retailing at ₹98,340 per 10 grams, and 22-carat gold stands at ₹90,200. In Mumbai, the financial capital, prices are slightly lower, with 24-carat gold at ₹98,240 and 22-carat at ₹90,050.

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Ahmedabad mirrors Mumbai’s pricing, while in Chennai, both 24-carat and 22-carat gold are priced similarly at ₹98,240 and ₹90,050, respectively. Kolkata also reports identical figures, marking a nationwide correction trend.

Cities like Lucknow, Patna, and Jaipur recorded 24-carat gold prices at ₹98,340, and 22-carat gold at ₹90,200. The consistency in pricing across regional markets reflects a broad adjustment in gold rates.

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Silver Prices Drop Below ₹1.01 Lakh Mark

Silver prices are also following the same downward path. In Delhi, silver is currently priced at ₹100,900 per kilogram, a drop from previous highs amid reduced industrial demand and global cues.

Market-Wide Correction Observed

In southern states such as Karnataka (Bengaluru), Telangana (Hyderabad), and Odisha (Bhubaneswar), 24-carat gold is trading at ₹98,240, while 22-carat gold is priced at ₹90,050 per 10 grams — reaffirming the uniformity in the market correction.

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Experts suggest that the ongoing dip may offer a window of opportunity for long-term investors and retail buyers, especially ahead of wedding and festival seasons. However, the bullion market remains volatile due to international trends, central bank policies, and global geopolitical developments.

Author Profile

Ganpat Singh Chouhan: My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.