DBT Bureau
Pune, 22 Oct 2025
Kedia Stocks & Commodities Research of India released the data for Gold & Silver Market Highlights as of October 21, 2025.
Gold plunged 6.2% to around $4,100/oz and Silver dropped over 5% below $50/oz, marking their sharpest one-day declines in years after both metals recently hit record highs. The sell-off was driven by heavy profit-taking following strong rallies in both metals. Strengthening US dollar added downward pressure on precious metals, while safe-haven demand eased amid improving global market sentiment. Optimism over easing US–China trade tensions grew ahead of the Trump–Xi meeting next week aimed at resolving tariff disputes.
Expectations of a resolution to the US government shutdown and anticipation of Friday’s delayed US inflation data also affected sentiment. Markets continue to price in a 25 bps Fed rate cut next week, with another possible cut in December. End of India’s seasonal demand weighed on physical buying of both gold and silver. Silver also faced added pressure after last week’s liquidity crunch in London’s silver market triggered a global rush for physical supply. Despite the correction, both metals remain significantly higher year-to-date, supported by Fed easing expectations and lingering safe-haven demand.