Gold prices in India ease to Rs 12,507/gram (24K) and silver to Rs 1.59 lakh/kg on Oct 24. Check latest city-wise gold and silver rates, MCX trends and global cues.
Since the start of the current fiscal year, the central bank has been steadily boosting its gold reserves while gradually cutting back on its holdings of US Treasury securities
Brent crude futures fell 17 cents, or 0.3%, to $65.82 by 0024 GMT. U.S. West Texas Intermediate crude futures were down 17 cents, or 0.3%, at $61.62
A scorching run that began in mid-August and pushed prices to an all-time high of $4,381.52 an ounce on Monday came to a screeching halt the following day, as investors took profits.
India is planning its first urea plant in Russia, with RCF, NFL and Indian Potash Ltd signing NDAs with Russian firms to secure long-term fertiliser supply.
Gold and silver prices in India fell on October 23 as profit-booking and easing global tensions weighed on sentiment. Check latest city-wise rates here.
Spot gold slipped to around $4,090 an ounce in early Asian trading on Thursday, reinforcing a technical reset
Prices are still up since the start of 2025. Gold sales often rise sharply amid wider economic uncertainty, as anxious investors seek a 'safe haven' for their money
Brent crude futures were up by $1.76, or 2.81%, at $64.35 by 0041 GMT, and U.S. West Texas Intermediate crude futures were up $1.68, or 2.87%, at $60.18.
Gold prices in India dropped Rs 3,380 per 10g as global profit-booking hit bullion after record highs. Silver too fell, extending its losing streak.
Brent crude futures rose 18 cents, or 0.29%, to $61.50 a barrel as of 0137 GMT, while U.S. West Texas Intermediate crude futures climbed 21 cents, or 0.37%, to $57.45.
Spot gold fell as much as 6.3% to $4,082.03 an ounce, while spot silver fell as much as 8.7% to $47.89 an ounce
Precious metals have been on a tear this year, with gold registering a ninth straight week of gains. Prices are up more than 65% so far in 2025, underpinned by central-bank buying and inflows to exchange-traded funds.
The short-term silver borrowing rates in London eased by Friday from record highs seen on October 10.
US PMI readings, in particular, will be closely watched for early signals on economic momentum and labor market health, as further softness may reinforce expectations of rate cuts by the Fed.
What is striking is that gold's latest $1,000 surge occurred in just 207 days. By comparison, it took nearly 15 years for gold to rise from $1,000 to $2,000.
Gold at Rs 1.35 lakh and silver at Rs 2.4 lakh: Silver has also followed gold in this rally with prices already crossing the Rs 2 lakh mark in several cities such as Chennai and Hyderabad.
Spot gold was up 0.3% at $4,336.18 per ounce, as of 0233 GMT, after reaching a fresh high of $4,378.69 earlier in the session
Silver rate today on Oct 17: Silver has outpaced gold this year, surging nearly 87% in 2025, driven by many of the same macroeconomic factors boosting gold.
Gold Prices Today on Oct 17 in India: This is biggest weekly gain since 2008. This also means that the rally that began in August this year is continuing with no sign of ebbing.
Gold Silver Price Today Latest News (October 17): When is Dhanteras? Know correct date and gold-sliver buying muhurat
Dhanteras 2025: While there was some confusion around the Dhanteras date, latest panchangs and calculations by purohit says that the festival will be celebrated on October 18 itself.
'Around Diwali, most people will purchase emotion-driven jewellery, but intelligent investors are moving towards digital gold and silver bars,' said one analyst.
Bullion has risen about 5% so far this week and touched a peak above $4,227 an ounce on Thursday, as a breakneck rally underway since mid-August extended
Silver rate today on Oct 16: According to Bloomberg, platinum has surged about 80% this year, while silver is up roughly 75%, extending a broad rally across precious metals.