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Gold Price Drops by 3000 and Silver by 10000 Will Rates Fall Further
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News18•18-10-2026, 16:07
Gold Price Drops by 3000 and Silver by 10000 Will Rates Fall Further
- •Gold and silver prices witnessed a significant decline during the festive trading week, shocking investors while delighting buyers.
- •According to the India Bullion and Jewellers Association, 24-karat gold fell by over ₹3,000 to reach ₹1,46,426 per 10 grams.
- •Silver prices plunged by more than ₹10,000 per kilogram to settle at ₹2,10,918 per kg.
- •HSBC analysts predict a potential drop in gold prices for 2027, which could be great news for gold buyers.
Key Questions Answered
During the festive trading week, 24-karat gold dropped by more than ₹3,000 to reach ₹1,46,426 per 10 grams, while silver prices plunged by more than ₹10,000 to reach ₹2,10,918 per kilogram according to the India Bullion and Jewellers Association.
With three months left before the end of 2026, HSBC analysts have predicted a drop in gold prices for 2027. Expert James Steel noted that prices might recover only if US Federal Reserve interest rates do not have the negative impact expected by markets.
This week, the highest price for 24-karat gold was recorded at ₹1,48,425 per 10 grams on the morning of October 12, while the lowest price dropped to ₹1,45,564 per 10 grams on the morning of October 15.
