After hitting record highs, 24-carat gold and silver ease on profit-booking; experts flag caution for investors.

Gold and silver prices in India saw a noticeable decline on Diwali Padwa, signalling a pause in the recent relentless surge. According to data from the India Bullion & Jewellery Association (IBJA), the benchmark rate for 24-carat gold has dropped to . Meanwhile, silver fell by about .

In major urban centres, the rates vary slightly:

Delhi: 24K gold at ≈ ₹1,30,720/10 g , 22K at ≈ ₹1,19,840/10 g .

Mumbai/Kolkata: 24K at ≈ ₹1,30,570/10 g , 22K at ≈ ₹1,19,690/10 g .

Chennai: 24K at ≈ ₹1,30,920/10 g , 22K at ≈ ₹1,20,010/10 g .

Why the fall?

Experts attribute this correction to profit-booking by investors after gold and silver reached historic highs. The

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