October 2025, month that made history for both gold and silver by touching their all-time high values. Gold reached its record level of Rs 1,32,294 per 10 grams on October 17, while silver soars to Rs 1,70,415 per kilogram on the same day, driven by festive season demand.
However, the month also witnessed a sharp correction in both commodities. The sudden fluctuations left investors questioning whether it is the right time to buy gold and silver or wait for further movement in prices?
Gold Intraday: Modest gains amid volatile trading
On the MCX, gold is currently trading at Rs 1,22,112 per 10 grams, with a 0.5 per cent gain. The lowest intraday level for gold was recorded around 10:00 am, when it traded at Rs 1,20,691 per 10 grams. Later in the day, the yellow metal rebounded to touch its intraday high of Rs 1,22,299 per 10 grams at approximately 6:43 pm (IST).
The yellow metal, which holds its all-time high of Rs 1,32,294, continues to dominate the bullion category. In the international market, gold is trading at $4,021.11 per troy ounce, up 0.46 per cent. Throughout the month, it has surged by $157.99, marking a 4.11 per cent increase, reaffirming gold’s strength amid global market uncertainty.
Silver Intraday: Slight gains
On the MCX, the white metal is trading at Rs 1,49,029, showing a 0.13 per cent rise. During the day, silver touched an intraday low of Rs 1,48,053, while the highest level recorded was Rs 1,49,997 at around 1:30 pm (IST).
In the international market, silver is trading near $48.99, up 0.39 per cent. Over the past 30 days, the white metal has gained $2.24, marking a 4.80 per cent rise. Despite recent volatility, silver continues to hold a strong position in global and domestic bullion markets.
Market outlook
As a result of October’s closing activities that recorded high and an instance of remarkable volatility, market analysts foresee a stable but very careful beginning to November. It is probable that the traders would watch and rely on the global signals, the festive demand, and the trend of inflation very closely before entering the gold and silver market anew.