📷 Image: Wikimedia Commons / Sardar Ummer Arif
Business
Gold price falls ₹4,500 in two days as silver slides ₹11,000 in a day
✍️ bhaskarenglish.in
🗓 02 Oct 2026, 06:16 AM
👁 13
India’s gold price dropped by ₹4,500 over the past two days, while silver fell sharply by ₹11,000 in a single day, with 1 kg of silver now priced at ₹2.22 lakh.
The price of gold in India fell by ₹4,500 over the last two trading sessions, according to market data reported by bhaskarenglish.in. In the same period, silver experienced a steep decline of ₹11,000 in a single day, bringing the price of 1 kg of silver to ₹2.22 lakh.
Analysts attribute the simultaneous dip to a combination of factors, including a stronger Indian rupee against the US dollar and easing global demand for precious metals. Recent movements in international markets have also put downward pressure on commodity prices.
The fall in gold and silver rates is expected to benefit jewellery retailers and consumers looking to purchase precious metals, while investors may reassess short‑term strategies amid the volatility.
Market watchers will monitor upcoming economic data and foreign exchange trends to gauge whether the price correction is temporary or signals a longer‑term shift in metal valuations.
Analysts attribute the simultaneous dip to a combination of factors, including a stronger Indian rupee against the US dollar and easing global demand for precious metals. Recent movements in international markets have also put downward pressure on commodity prices.
The fall in gold and silver rates is expected to benefit jewellery retailers and consumers looking to purchase precious metals, while investors may reassess short‑term strategies amid the volatility.
Market watchers will monitor upcoming economic data and foreign exchange trends to gauge whether the price correction is temporary or signals a longer‑term shift in metal valuations.