Gold Silver Price Fall 2026 : There is some relief for people planning to buy gold and silver during Dhanteras and Diwali. On Friday, both precious metals recorded a sharp decline in the domestic futures market. Silver became cheaper by nearly ₹5,000 per kilogram in a single trading session. Gold prices also fell by around 1%. Both metals are facing downward pressure in international markets as well. This decline could offer some relief to buyers planning their festive purchases.

Gold Falls by ₹1,197 on MCX
On the Multi Commodity Exchange (MCX), December delivery gold fell to ₹1,41,389 per 10 grams at around 1:45 PM on Friday. The price declined by 0.83%, or ₹1,197. Gold prices have continued to show weakness in recent trading sessions. Fluctuations in international markets are also affecting the domestic futures market.

Silver Becomes Cheaper by ₹5,023 in One Day
Silver witnessed a sharper decline compared with gold. On the MCX, its price dropped by as much as ₹5,023 to ₹1,84,371 per kilogram. The steep fall within a single trading session has attracted the attention of investors and buyers. Silver has also slipped below its previous record price level.

24-Carat Gold Prices in Delhi
On Friday, the price of 24-carat gold in Delhi's bullion market was recorded at ₹14,241 per gram. Meanwhile, 22-carat gold was priced at ₹13,054 per gram, while 18-carat gold stood at ₹10,669 per gram. In Mumbai, Chennai, and Kolkata, 24-carat gold was priced at ₹14,226 per gram. In these cities, 22-carat gold was trading at ₹13,040 per gram and 18-carat gold at ₹10,670 per gram.

Gold and Silver Also Weaken in Global Markets
Both precious metals also recorded declines in international markets on Friday. Spot gold fell 0.7% to approximately $3,991 per ounce. Meanwhile, spot silver declined by 1.6%, bringing its price to $51.27 per ounce. The weakness in overseas markets also influenced domestic gold and silver prices.

Interest Rate Concerns Put Pressure on Prices
One of the major reasons behind the decline in gold and silver prices is uncertainty surrounding the US Federal Reserve's interest rate policy. The Fed has kept interest rates unchanged in the range of 3.75% to 4%, while expressing concerns about inflation. Markets are concerned that interest rates could remain elevated for an extended period or even increase further. This could strengthen the US dollar and bond yields, putting additional pressure on gold and silver prices.