Gold Prices Drop Sharply in India on October 3, 2025 — 1 Gram 24K Gold Now ₹11,804

Gold prices in India fell for the second day in a row on October 3, 2025. This drop comes just after the festive season of Navratri. Both 22K and 24K gold rates have gone down. Silver prices also followed the same trend. Many buyers and investors are now watching the market closely.

📉 Current Gold Rates (October 3, 2025)

• 24K Gold: ₹11,804 per gram
• 22K Gold: ₹10,820 per gram
• 18K Gold: ₹8,853 per gram

This fall in price is seen across major cities like Mumbai, Delhi, Bengaluru, Hyderabad, and Chennai. For example, in Mumbai, the 24K gold rate is ₹11,804 per gram. In Delhi, it is slightly higher at ₹11,819 per gram.

💰 Price Drop Details
The price of 10 grams of 24K gold dropped by ₹650. It now costs ₹1,18,040. Similarly, 8 grams of 24K gold fell by ₹520 to ₹94,432. The biggest drop was seen in 100 grams of 24K gold, which fell by ₹6,500 to ₹11,80,400.

For 22K gold, the 10-gram rate fell by ₹600 to ₹1,08,200. The 1-gram rate is now ₹10,820. The 8-gram rate is ₹86,560. The 100-gram rate dropped by ₹6,000 to ₹10,82,000.

🔍 Why Are Prices Falling?
Experts say the fall is due to profit booking. Gold was overbought during the festive season. Now, traders are selling to take profits. Also, international markets saw high volatility. Investors are waiting for U.S. job data. This has made gold prices unstable.

Another reason is the drop in crude oil prices. When oil prices fall, it affects the demand for gold. Global factors like inflation, currency exchange rates, and interest rates also play a role.

📊 Silver Prices Also Down
Silver prices dropped by ₹2,000 per kilogram. The new rate is ₹1,51,000 per kg. This is a big fall in just one day.

🏠 Impact on Buyers and Investors
This price drop is good news for buyers. If you are planning to buy gold for weddings or investment, now is a good time. Lower prices mean better deals. However, investors should be careful. Prices may go up again if global conditions change.

📅 Festive Season Outlook
With Dussehra just passed and Diwali coming soon, demand may rise again. This could push prices back up. Experts suggest watching the market daily. Buying during dips can be smart.

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