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Gold and Silver Prices Dip: Check Latest Rates in Delhi, Mumbai, Kolkata and Other Cities
M
Moneycontrol•28-09-2026, 09:20
Gold and Silver Prices Dip: Check Latest Rates in Delhi, Mumbai, Kolkata and Other Cities
- •Spot gold declined 1.63 percent, hovering just above $4,215 per ounce, while US gold futures fell 1.75 percent to $4,245.40 per ounce.
- •MCX gold futures for October 5 delivery dropped 1.83 percent to Rs 1,48,115 per 10 grams; silver futures for December fell 2.6 percent to Rs 2,28,603 per kilogram.
- •Domestic spot gold closed Friday (Sept. 25) at Rs 1,51,377 per 10 grams, and silver at Rs 2,31,793 per kilogram.
- •Inflation concerns rise as Brent crude moves above $106 and the Dollar Index strengthens to 101.15, with markets pricing in a 68 percent chance of an October Fed rate hike.
- •Vikram Subburaj, CEO of Giottus, advises long-term buyers to consider staggered purchases and traders to use strict stop-losses due to global market pressures and higher interest rate expectations.
Key Questions Answered
MCX gold futures for the October 5 delivery declined 1.83 percent to Rs 1,48,115 per 10 grams, while silver futures for the December contract fell 2.6 percent to Rs 2,28,603 per kilogram.
Precious metals faced pressure due to a stronger dollar, elevated Treasury yields, rising oil prices above $106, and increased expectations of an October Federal Reserve rate hike.
Experts advise long-term buyers to consider staggered purchases while avoiding short-term moves, and recommend that leveraged traders keep positions smaller and use strict stop-losses.
