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Gold, Silver Prices Drop: What's Behind the Fall and Future Outlook?
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CNBC Awaaz•22-09-2026, 19:32
Gold, Silver Prices Drop: What's Behind the Fall and Future Outlook?
- •Gold and silver futures saw a decline on MCX, with October gold falling by 0.62% and December silver by 0.62%.
- •Globally, Comex gold reached $4,355 per ounce and silver $65.75 per ounce.
- •Experts note consolidation in gold and silver, awaiting new signals from Fed officials, with a bullish technical trend expected.
- •US Treasury yields softening and crude oil prices falling offer some support, but high Federal Reserve interest rate expectations limit upside.
- •A weaker rupee could increase import costs, potentially supporting domestic prices despite international dips; silver may see more volatility due to industrial demand.
Key Questions Answered
On the Multi Commodity Exchange (MCX), October delivery gold futures fell by 0.62% to ₹1.52 lakh per 10 grams, while December delivery silver futures dropped by 0.62% to ₹2.37 lakh per kilogram.
The softening of US Treasury yields and falling crude oil prices are offering some support to precious metals, though expectations that Federal Reserve interest rates will remain high for a longer period are limiting potential gains.
A weaker rupee in India could increase the import cost of gold and silver, providing domestic price support despite falling international rates.
