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Gold, Silver Prices Crash: Silver Cheaper by Rs 6300 in a Day, What's Gold's Price?
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News18•28-09-2026, 10:00
Gold, Silver Prices Crash: Silver Cheaper by Rs 6300 in a Day, What's Gold's Price?
- •Gold and silver prices witnessed a significant fall today, September 28.
- •On MCX, silver fell by Rs 6,300 per kg, while gold became cheaper by Rs 2,900 per 10 grams.
- •After the fall, gold prices are Rs 1,48,156 per 10 grams and silver prices are Rs 2,28,788 per kilogram.
- •Key reasons for the fall include potential US Federal Reserve interest rate hikes, a stronger dollar index, and increased US Treasury yields.
- •Profit booking by investors is also contributing to the pressure on gold prices.
Key Questions Answered
Following a sharp decline in the domestic market, gold prices have decreased to Rs 1,48,156 per 10 grams, while silver prices have dropped to Rs 2,28,788 per kilogram. On the MCX, silver fell by Rs 6,300 and gold dropped by Rs 2,900 in a single day.
Experts attribute the decline to four primary factors: potential interest rate hikes by the US Federal Reserve, a stronger US dollar index crossing 101.39, rising US Treasury yields, and profit-booking by investors after metals reached high levels.
In the international market on COMEX, gold fell by 1.57 percent to $4,253.40 per ounce, and silver declined by 2.76 percent to $63.01 per ounce.
