Gold Prices Today: Domestic Market Sees Correction Amid Diwali Festivities
Chennai/Hyderabad, October 22, 2025:
Tracking global trends, gold and silver prices today witnessed a correction in the domestic market during Tuesday’s Diwali Muhurat trading session on MCX. While trading activity was thin due to the festive mood, market analysts said the correction aligns with global trends where investors are favoring riskier assets over safe havens like gold and silver.
Globally, investors are in a ‘risk-on’ mode, seeking higher returns from equities and other risk assets, which has lowered demand for precious metals. Late Tuesday on New York’s Comex, gold was down 4.6%, while silver fell nearly 7%, trading at $47.8/ounce, after hitting an all-time high of $53.3/ounce last week.
Domestic Market Update – MCX Gold and Silver
In India, with the main Diwali gold-buying season largely over, the domestic market also saw a dip:
MCX Gold December Delivery: ₹1,30,000 per 10 grams, down Rs 271
MCX Silver: Prices corrected following global cues
Gold Rate Today in Chennai: ₹1,30,000/10g (MCX December)
Gold Rate Today in Hyderabad: Traders report a similar trend; updated rates available at local jewellers
Analysts suggest the current price movement is temporary, as post-festive demand may stabilize gold and silver rates. Investors are advised to keep an eye on global cues, MCX gold, and local demand patterns before making new purchases.
Why Prices Fell:
Global risk-on rally reduces demand for safe-haven metals
Diwali buying season winding down in domestic markets
Thin trading volumes on festival day
Conclusion:
The recent correction in gold MCX and silver reflects both global market sentiment and seasonal domestic trends. Investors looking to buy gold should monitor gold prices today in Chennai, Hyderabad, and MCX gold rates for informed decisions.
