Gold and silver price today, October 23: Silver and gold crash ahead of Diwali; check rates in Delhi, Mumbai and Bengaluru - IBTimes India

AI desk brief

Gold and silver were under pressure on October 23 as higher crude oil prices revived inflation worries and reinforced expectations that the Federal Reserve may keep rates elevated for longer. Silver corrected more sharply than gold, with the article noting gold was heading for its steepest weekly decline in more than four months in international markets.

The piece also flags that silver is more sensitive than gold to industrial demand, including electronics and solar manufacturing, while geopolitical tensions, oil moves and upcoming US data could keep bullion volatile. It is framed partly for retail buyers, with city-specific Delhi, Mumbai and Bengaluru rates referenced as a local purchasing guide.