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Gold and Silver Prices Drop Today Check Out the Rates Ahead of Diwali
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News18•06-10-2026, 10:48
Gold and Silver Prices Drop Today Check Out the Rates Ahead of Diwali
- •Gold and silver prices declined on the MCX on October 6 following recent market fluctuations.
- •Gold for December delivery dropped by 83 rupees to trade at 149,233 rupees per 10 grams on the MCX.
- •Silver for September delivery fell by 662 rupees, trading at 225,425 rupees per kilogram.
- •A JPMorgan Global Research report indicates gold prices could reach 6000 dollars per ounce by the end of 2026.
- •A strengthening US dollar and high bond returns are currently limiting the growth potential of gold.
Key Questions Answered
According to a JPMorgan Global Research report, gold prices could potentially reach 6,000 dollars per ounce by the end of 2026 and are projected to hit 6,300 dollars per ounce in 2027.
The primary factors limiting the growth of gold are the strength of the US dollar, which is near an 18-month high around 102.37, and high returns on bonds.
American multinational investment bank Citi maintained a short-term target of 75 dollars per ounce for silver, with estimates indicating it could reach 90 dollars per ounce over the following 6 to 12 months.
