With Karva Chauth less than 24 hours away, investors and buyers have some relief as gold and silver prices have fallen from their recent record highs in India’s futures market.

Gold Prices Drop in MCX
Despite a more than 50% rise in gold prices in 2025, gold has become cheaper ahead of the festival. On Thursday:

• At 11 am, gold fell by Rs 129 to Rs 1,23,080 per 10 grams.

• During trading, prices touched a low of Rs 1,22,111, down Rs 1,098 from the session high.

• Gold closed at Rs 1,23,209 the previous day, with a record high of Rs 1,23,450 on Wednesday.

Overall, gold became cheaper by Rs 1,339 on Thursday.

Silver Prices Also Decline
Silver has seen an even steeper drop:

• At 11 am, it fell Rs 887 to Rs 1,48,968 per kg.

• During the trading session, silver dropped Rs 5,955 to Rs 1,43,900.

• The previous day, silver had reached a record Rs 1,50,282 per kg, making the decline Rs 6,382.

International Market Trends

• Gold futures on the Comex are trading at $4,055.10 per ounce, down $15.40.

• Spot gold remains above $4,000 at $4,036.19 per ounce, down nearly $6.

• European gold prices fell by 10 euros to 3,465.67 per ounce, while UK gold is at 3,008.25 pounds, down over 7 pounds.

Silver Abroad

• Silver spot prices increased slightly: $49.13 per ounce, up 0.42%.

• Silver futures fell to $48.47 per ounce, down over 1%.

• In Europe, silver is at 42.1632 euros (+0.32%) and in the UK at 36.5865 pounds (+0.32%).

Reason for Decline
The drop comes due to profit-booking by investors. Geopolitical and trade tensions remain unchanged, and the declining dollar index would typically support gold and silver prices, but investors are capitalizing on high levels, leading to the dip.