📷 Image: Wikimedia Commons / A.Savin
Business
Gold drops ₹10,700, silver falls ₹44,000 in a month as Indian buyers stay cautious
✍️ Bhaskar English
🗓 31 Oct 2026, 06:10 PM
👁 12
Gold prices slipped by ₹10,700 per 10 grams and silver by ₹44,000 per kilogram over the past month, with Indian investors remaining wary despite the decline.
Gold prices in India fell by roughly ₹10,700 per 10 grams over the last thirty days, while silver prices dropped about ₹44,000 per kilogram in the same period. The decline was recorded across major trading hubs, including Mumbai and Delhi, and reflects a broader softening in precious‑metal markets.
Despite the lower rates, market participants have adopted a cautious stance. Traders cite lingering uncertainty over global interest‑rate movements and a tentative domestic demand outlook as reasons for restrained buying.
Analysts note that the fall in Indian metal prices mirrors a dip in international rates, driven by easing inflation pressures and signals from major central banks. While the price correction offers a short‑term buying opportunity, experts warn that sustained caution may keep volumes muted until clearer economic signals emerge.
Despite the lower rates, market participants have adopted a cautious stance. Traders cite lingering uncertainty over global interest‑rate movements and a tentative domestic demand outlook as reasons for restrained buying.
Analysts note that the fall in Indian metal prices mirrors a dip in international rates, driven by easing inflation pressures and signals from major central banks. While the price correction offers a short‑term buying opportunity, experts warn that sustained caution may keep volumes muted until clearer economic signals emerge.