1. Gold and Silver Prices Today (October 29, 2025)

After nearly nine days of correction, both gold and silver prices have shown a strong recovery in India.

• Gold (24K): ₹1,21,000 per 10 grams (↑ about ₹2,000–₹2,500 from last week)
• Gold (22K): ₹1,11,000 per 10 grams
• Silver: ₹1,56,000 – ₹1,58,000 per kg (↑ ₹3,000–₹5,000 compared to nine days ago)

On the MCX (Multi Commodity Exchange), December gold futures were trading near ₹1,21,250, while silver futures touched ₹1,56,400 levels — signaling renewed investor interest.

2. Why Are Prices Rising Again?

a) Global Economic Uncertainty
Rising tensions in the Middle East and a weaker US dollar have once again boosted the safe-haven demand for gold and silver.
Investors globally are shifting from equities to bullion, seeking security amid volatility.

b) Hopes of Interest-Rate Cuts in the US
Speculation that the US Federal Reserve may cut rates early next year has weakened the dollar and bond yields — both positive for gold and silver prices.

c) Domestic Festive Demand Continues
In India, wedding season and post-Diwali purchases have supported prices. Even after Dhanteras, jewellers are reporting strong retail demand for gold ornaments and silver idols.

d) Industrial Demand for Silver
Silver, often called “poor man’s gold,” is also supported by industrial demand — especially in solar panels and electronics, which has remained robust despite global headwinds.

3. Nine-Day Trend Analysis

This table clearly shows how bullion has recovered steadily after hitting near-term lows last week.

4. What Experts Are Saying

• According to market analysts, the rebound is technically strong and may continue if the dollar index stays below 105.
• Traders expect gold to test ₹1,22,000–₹1,23,000 levels soon, with silver possibly reaching ₹1,60,000/kg in the short term.
• Experts also warn that volatility will remain high until clear direction emerges from the US Federal Reserve.

5. Should You Buy Gold or Silver Now?

For investors:
This could be a buy-on-dip opportunity for those planning long-term allocations (1–2 years). However, avoid large short-term bets because the market may remain choppy.

For jewellery buyers:
Gold rates are still below the record high of ₹1.30 lakh/10 g seen earlier this month, making this a good window to buy before wedding season peaks.

For traders:
Track MCX levels carefully — a close above ₹1,21,500 could confirm further bullish momentum.

6. Conclusion

After nine days of weakness, gold and silver have regained shine on October 29, 2025.
The combination of global uncertainty, festive demand, and rate-cut hopes has brought buyers back into the bullion market.

While short-term volatility may persist, the medium-term outlook remains positive, with gold expected to move toward ₹1.23 lakh and silver toward ₹1.60 lakh if global cues stay supportive.

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