In recent days, there has been a continuous decline in the prices of gold and silver on MCX. This sequence continued on Thursday, 30 October 2025. The price of gold came to about ₹ 1,18,973 per 10 grams, which shows a decline of about 1.40%. In this way, gold has become cheaper by about ₹ 1,693 today.
Silver also did not lag behind, the price of silver per kg was recorded at around ₹ 1,44,730, which has declined by about 0.92%. Along with this, spot gold traded at around US $ 3,933 per ounce in the international market. One of the major reasons behind this decline is the policy announcement of the Federal Reserve (US Fed), in which the rates were not changed but the possibility of future cuts was reduced. This boosted the dollar index and the strong dollar put pressure on gold and silver.
What will be the future trend in gold-silver?
Market experts believe that if the dollar continues to remain strong, gold and silver may go down further. But if global trade tensions increase or geopolitical uncertainty deepens, then gold and silver may rise again.
domestic and international reasons
When the dollar strengthens, prices of commodities like gold usually come under pressure because gold is bought and sold against the dollar. The Fed’s policy in the US indicated that rates would not be cut anytime soon, which supported the dollar and investors started moving away from safe assets like gold and silver.
In India too, gold and silver prices have come down from the previous record high. Investors are showing caution at this time instead of taking gold and silver as safe assets. For example, silver prices were at record levels till a few days ago, but now they have also declined.
What is the situation for retail buyers?
At the retail level, the price of 24-carat gold on October 30 was around ₹ 12,284 per gram. Along with this, 22-carat gold was around ₹ 11,260 per gram. The retail price of silver was also recorded at around ₹ 1,45,190 per kg.