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Gold and Silver Prices Fall Today: Check Rates and Diwali Outlook
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News18•06-10-2026, 09:54
Gold and Silver Prices Fall Today: Check Rates and Diwali Outlook
- •Gold on the MCX dropped by Rs 83 to trade at Rs 149,233 per 10 grams for December delivery.
- •Silver for December delivery declined by Rs 662 to trade at Rs 225,425 per kilogram on the MCX.
- •A J.P. Morgan Global Research report estimates gold could reach $6,000 per ounce by the end of 2026.
- •A strong US dollar and high bond yields are currently limiting the momentum of the gold rally.
- •Citi projects that silver could reach $90 per ounce over the next 6 to 12 months driven by investment demand.
Key Questions Answered
On October 6, 2026, gold for December delivery on the MCX declined by Rs 83 to trade at Rs 149,233 per 10 grams, while silver for December delivery dropped by Rs 662 to trade at Rs 225,425 per kilogram.
A report by J.P. Morgan Global Research estimates that gold prices could reach $6,000 per ounce by the end of 2026, and are projected to rise up to $6,300 per ounce in 2027.
Citi has maintained a short-term target of $75 per ounce for silver and estimates that prices will reach $90 per ounce within the next 6 to 12 months, driven by increasing investment demand.
