Gold and Silver Prices Rebound on October 23 Amid Value Buying and Easing Global Tensions

New Delhi, October 23, 2025: Gold and silver futures recovered on Thursday after a sudden selling spree in earlier sessions, as value buying was seen as traders saw a risk-off mood reverse and global tensions ease.

In the Multi Commodity Exchange (MCX), gold futures for December increased by Rs 1,800 or 1.48% to Rs 1,23,657 for a 10-gram lot in a trade of 13,158 lots. Silver future also rebounded, rising Rs 2,727 or 1.87% to Rs 1,48,285 a kilogram in 20,868 lots.

Gold futures dipped Rs 6,414 or 5% to Rs 1,21,857 per 10 grams, whereas silver dipped Rs 4,769 or 3.17% to Rs 1,45,558 per kilogram after a whopping upside correction as profit-booking gained momentum. This was primarily attributable to US dollar advances and diminishing safe-haven demand amid a rebounding global sentiment.

The commodity segment remained shut during the first half of Wednesday but reopened during the evening session.

In special Muhurat trading held on Tuesday, which witnessed the start of New-Year Samvat 2082, gold futures slipped Rs 2,353 or 1.8% to Rs 1,28,271 per 10 grams, as compared to Monday’s closing of Rs 1,30,624. Silver slipped Rs 7,660, or 4.85%, to Rs 1,50,327 per kilogram on MCX, from Rs 1,57,987 per kilogram.

The silver and gold prices had touched record highs last Friday, with gold closing at Rs 1,32,294 per 10 grams and silver at Rs 1,70,415 per kilogram on the commodities exchange.

Global Market Trends

In global trade, Comex gold futures for December delivery added USD 73.44 or 1.81% to USD 4,138.84 per ounce on Thursday, after reaching a new high of USD 4,398 per ounce on Monday. Despite minor corrections, gold has remained in positive territory for the year, underpinned by global risk perceptions and expectations of further monetary easing.

In overseas markets, silver futures for December delivery rose 0.89% to USD 48.10 an ounce. Silver had climbed after selloffs in recent sessions, supported by improving risk sentiment and bullish sentiment over easing US-China trade tensions and progress on US government funding. The two metals remain below recent peaks but are underpinned by ongoing geopolitical and global economic developments.

REF:https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/GOLD/03OCT2025

https://www.mcxindia.com/en/market-data/get-quote/FUTCOM/SILVER/05DEC2025

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