Gold prices in India have seen a sharp decline over the past seven days, marking one of the steepest weekly drops of 2025. Investors who had bet on the metal’s unstoppable rally are now watching nervously as experts warn of a potential price correction ahead of key global inflation data.
According to GoodReturns, the price of 24-carat gold has fallen by nearly ₹77,000 per 100 grams this week. After months of bullish momentum that pushed prices up by over 60 per cent since January, the sudden reversal has caught the market off guard.
Silver Prices Also Slide
Silver too faced a correction, slipping to ₹159 per gram and ₹1,59,000 per kilogram. Despite the pullback, silver has still delivered around 70 per cent returns this year, making 2025 one of its strongest years in over a decade.
Market Snapshot and MCX Update
On the Multi Commodity Exchange (MCX), gold futures (December 2025) recovered slightly on Thursday, closing at ₹1,24,104 per 10 grams after touching an intraday high of ₹1,24,600. Silver futures, however, ended lower at ₹1,45,558 per 10 grams.
In retail markets, 24-carat gold traded at ₹1,25,070 per 10 grams in Mumbai and Kolkata, ₹1,26,020 in Delhi, and ₹1,25,450 in Chennai. The 22-carat segment stood at ₹1,14,640 in most metro cities.
Global Pressure on Prices
Analysts say global cues are weighing on bullion. US gold prices fell on Friday, heading for their first weekly drop in months, as a stronger dollar and caution ahead of the US inflation report pushed traders to book profits.
While the recent dip may unsettle short-term investors, experts believe the correction could offer fresh entry opportunities for those betting on long-term strength in gold and silver as safe-haven assets.
