Stories
Gold prices continue to fall, will it drop below 1 lakh rupees
- •Gold prices are continuously dropping ahead of the festive season, creating great buying opportunities.
- •In Kolkata, the price of 22-carat gold stands at 13,815 rupees and 18-carat gold at 11,340 rupees.
- •Market fluctuations depend on international conditions, US dollar movements, and investor demand.
- •Experts state there is no guarantee that gold prices will drop below 1 lakh rupees soon.
Key Questions Answered
Currently, 24-carat gold is priced at approximately 1.45 lakh rupees per 10 grams, meaning a drop below 1 lakh rupees would require a massive and unlikely decrease under current circumstances. Experts note that while minor drops are possible, such a dramatic fall is not considered a certainty or an imminent event.
On Thursday, October 15, 2026, the price for 22-carat gold was 13,815 rupees, 18-carat gold was 11,340 rupees, and 1 kg of silver was 210,310 rupees according to the Swarna Silpa Bachao Committee, with an additional 3% GST applicable at purchase.
Gold price movements depend on international market conditions, US dollar strength, interest rates, central bank purchases, and investor demand. Additionally, upcoming central bank monetary policy meetings, such as the US Federal Reserve's meeting, heavily impact market sentiment and institutional caution.
