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Gold Prices Retreat After Record-Breaking Rally
3 Oct
Summary
- Gold prices drop by Rs 500 after 5-day record run
- US dollar recovery and profit-taking by traders cited
- Silver also falls by Rs 500 per kilogram
On Friday, October 4th, 2025, gold prices in India snapped their five-day record-setting rally, retreating by Rs 500 to Rs 1,20,600 per 10 grams in the national capital. This drop was driven by investors booking profits and a mild recovery in the US dollar, which dampened the sentiment.
Just two days earlier, on Wednesday, October 2nd, 2025, gold of 99.9 per cent purity had surged to an all-time high of Rs 1,21,100 per 10 grams. However, on Friday, gold of 99.5 per cent purity slipped by Rs 500 to Rs 1,20,000 per 10 grams. Silver also followed the trend, falling Rs 500 to Rs 1,50,000 per kilogram.
The bullion markets remained closed on Thursday, October 3rd, 2025, due to the Gandhi Jayanti and Dussehra holidays. Analysts attribute the retreat in gold prices to a slight recovery in the US dollar and profit-taking by traders following the five-day rally that set new records.
