On 23 October 2025, Indian gold and silver prices were under pressure as investors booked profits following a sharp run-up and ahead of important U.S. rate announcements. 24-carat gold in India slipped to around ₹1,25,890 per 10 gm, while silver traded at about ₹1.60 lakh per kg. The decline was attributed to easing U.S.–China trade tension expectations and a stronger dollar, both of which reduce the safe-haven demand. Jewellery demand remains healthy but traders are cautious ahead of macro triggers.