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On Friday, October 24, 2025, gold prices fell in early trading as investors became cautious ahead of the key US inflation data. On the Multi Commodity Exchange (MCX), gold December futures decreased, down 0.44% to Rs. 1,23,552 per 10 grams, while silver December contracts were down 0.98% at Rs. 1,47,052.
Analysts noted that gold prices are heading for their first weekly loss in nearly 10 weeks, weighed by profit-booking and strengthening of the US dollar.
“After repeatedly touching record highs, gold has seen heavy selling this week, registering its largest intraday decline in five years,” said Jigar Trivedi, Senior Research Analyst at Reliance Securities.
Despite the pullback, gold remains up over 50% year-to-date, supported by trade tensions and geopolitical uncertainties.
In Mumbai, gold prices saw a slight increase. The price of 24-carat gold rose to Rs. 12,546 per gram, an increase of Rs. 38 from Rs. 12,508 yesterday. while 10 grams traded at Rs. 1,25,460 compared to Rs. 1,25,080 yesterday.
Similarly, 22-carat gold prices also moved higher, reaching Rs. 11,500 per gram, which is Rs. 35 more than the previous day’s price of Rs. 11,465. For 10 grams, the price climbed to Rs. 1,15,000, showing a rise of Rs. 350 from yesterday.
In Chennai, gold prices followed a similar pattern. The price of 24-carat gold increased to Rs. 12,589 per gram from Rs. 12,546 the previous day, while 10 grams reached Rs. 1,25,890 from Rs. 1,25,460.
The 22-carat gold price also moved up, touching Rs. 11,540 per gram, higher by Rs. 40 compared to Rs. 11,500 yesterday. For 10 grams, the price stood at Rs. 1,15,400, up by Rs. 400 from the previous session.
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In the international market, spot gold slipped 0.2% to $4,118.68 per ounce, marking a 3% weekly decline, its sharpest since mid-May. The US dollar index strengthened for the third consecutive session, making gold more expensive.
Meanwhile, spot silver declined 0.6% to $48.62 per ounce and was down nearly 6% for the week, its steepest weekly fall since March.
Market participants are now closely watching the US Consumer Price Index (CPI) report, which is expected to show core inflation holding steady at 3.1% in September.
The outcome of this data will be critical in shaping expectations for the Federal Reserve’s next move, with traders largely pricing in a 25-basis-point rate cut in the upcoming policy meeting.
