Stories
Gold Price Plummets: Precious Metal Gets Cheaper For Three Days Straight
- •Gold prices have declined for the third consecutive day, offering relief to buyers across the country.
- •According to the India Bullion and Jewellers Association, the price of 24-karat gold saw a notable decrease.
- •Silver prices also experienced a massive drop alongside gold over the past few days.
- •Market experts attribute the price fluctuations to the US Federal Reserve raising interest rates and ongoing global economic uncertainties.
- •Financial analysts suggest that the significant price drop presents a potential buying opportunity for cautious investors.
Key Questions Answered
As of October 14, 2026, gold prices declined for the third consecutive day, with 10 grams of 24-karat gold decreasing by Rs 1,272 to reach Rs 1.46 lakh according to IBJA data. Meanwhile, the price of one kilogram of silver fell by Rs 4,646 to stand at Rs 2.20 lakh.
In September 2026, gold prices experienced a decrease of Rs 8,000, moving from Rs 1.56 lakh on August 31 down to Rs 1.48 lakh by September 30. During the same period, the price of 1 kg of silver dropped from Rs 2.37 lakh to Rs 2.22 lakh.
Experts note that the US Federal Reserve raised interest rates for the first time in three years, which contributed to the drop in gold prices. However, economic uncertainty and the conflict between the US and Iran could provide support and buying opportunities for investors.
