Gold and silver prices could fall tomorrow; Click here for details

Gold and silver touched record highs on the Indian market MCX on October 17th, 2025. Since then, silver has fallen by approximately ₹20,000 per kg and gold by approximately ₹4,000 per 10 grams.

New Delhi: After reaching record highs, gold and silver prices have fallen sharply. But this decline could increase further.

Following the record single-day drop in the global market on Tuesday, experts are predicting a sharp decline in gold and silver prices in the Indian market on Thursday, October 23rd. However, they also say that the decline in these metals will not last long.

Gold and silver touched record highs on the Indian market MCX on October 17th, 2025. Since then, silver has fallen by approximately ₹20,000 per kg and gold by approximately ₹4,000 per 10 grams.

But experts believe this decline could be even greater, as global gold and silver prices have been falling for two days, and MCX is closed for festivals. Consequently, a decline in these metals is expected.

Biggest Fall in 12 Years
According to a Bloomberg report, gold prices saw a significant decline on Tuesday. Gold fell by more than 6.3 percent intraday, and silver prices also fell by 7.1 percent intraday.

This was the biggest decline in 12 years. Meanwhile, on Wednesday, gold and silver prices saw the sharpest intraday decline in more than five years. This decline occurred because traders were rapidly booking profits at this level.