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Gold Prices Plummet, Silver Surges! Is Today the Best Time to Buy Gold?
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News18•05-10-2026, 10:44
Gold Prices Plummet, Silver Surges! Is Today the Best Time to Buy Gold?
- •Gold prices saw a significant fall on the first business day of the week, while silver prices surged rapidly.
- •In the domestic market, gold traded at approximately ₹1.49 lakh per 10 grams, and silver at approximately ₹2.26 lakh per kilogram.
- •In the international market (Comex), both gold and silver prices showed an upward trend, with gold up 0.06% and silver up 1.46%.
- •On MCX, October gold delivery fell by ₹1,043 to ₹1,49,347 per 10 grams, while silver rose by ₹697 to ₹2,26,393 per kilogram.
- •Gold prices in Mumbai, Chennai, Kolkata, and Hyderabad are ₹150 cheaper per 10 grams compared to Delhi.
Key Questions Answered
On October 5, domestic gold prices experienced a significant fall to trade at approximately ₹1.49 lakh per 10 grams, while silver prices surged rapidly to reach approximately ₹2.26 lakh per kilogram.
On the MCX, the price of gold for October delivery fell by up to ₹1,043 to trade at ₹1,49,347 per 10 grams, whereas silver prices increased by up to ₹697, reaching ₹2,26,393 per kilogram.
In cities such as Mumbai, Chennai, Kolkata, and Hyderabad, 22-carat gold is priced at ₹1,36,740 per 10 grams and 24-carat gold is priced at ₹1,49,170 per 10 grams, making them slightly cheaper than in Delhi.
