Gold and Silver Prices Rebound as Investors Eye Key Global Cues

After a volatile start to the week, gold and silver prices witnessed a modest recovery on Thursday. The rebound brought some relief to investors who had seen a sharp correction in both metals earlier in the week. The latest movement highlights the influence of global market cues, investor sentiment, and upcoming economic data on precious metal trends.

Gold and Silver Regain Momentum on MCX

Gold and silver prices recovered on Thursday as investors took advantage of lower prices to re-enter the market. On the Multi Commodity Exchange (MCX), gold December futures climbed 0.89% to ₹1,22,938 per 10 grams, while silver December contracts rose 0.93% to ₹1,46,915 per kilogram in morning trade.

By the evening session, gold prices had moved up to ₹1,23,550 per 10 grams, while silver traded at ₹1,48,811 per kilogram. This rebound marked a recovery of around ₹1,800 for gold after a steep sell-off earlier in the week. 

The correction on October 22, which saw gold decline nearly 5%, was largely driven by profit booking from overbought levels and renewed optimism surrounding international trade discussions.

As of 9:44 AM on October 24, 2025, the price of gold in Delhi stands at ₹12,602 per gram for 24 karat gold, ₹11,479 per gram for 22 karat gold, and ₹9,455 per gram for 18 karat gold (999 gold). The price of silver is ₹158.90 per gram and ₹1,58,900 per kilogram.

Global Factors and Domestic Trends Influence Prices

The global backdrop continues to play a vital role in determining precious metal prices. Following record highs earlier in the week, investors shifted towards riskier assets amid optimism over improving trade relations, reducing the appeal of safe-haven metals like gold.

Domestically, a temporary dip in seasonal demand also contributed to the price correction. However, the ongoing festive period in India may lend support to the physical gold market in the coming days. On the global front, a stronger US dollar limited the upside for precious metals, even as investors awaited key inflation data for further clarity on central bank policies.

Support and Resistance Levels to Monitor

In global markets, gold prices have support near $4,020–$3,975 per ounce and resistance around $4,125–$4,170. Silver’s support levels stand at $47.85–$47.40, while resistance is seen at $48.75–$49.30.

In Indian rupee terms, gold has support between ₹1,21,070 and ₹1,20,580, while resistance lies in the range of ₹1,22,350 to ₹1,23,000. Silver’s support levels are around ₹1,44,350–₹1,43,450, with resistance near ₹1,46,850–₹1,47,780.

Read More:Gold Prices Plunge After Recent Record Highs

Conclusion

With investors closely tracking global economic indicators, especially inflation data, the short-term movement of gold and silver is expected to remain sensitive to market developments. While volatility may persist, domestic festive demand and global policy signals are likely to shape the near-term direction of precious metal prices.

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