Gold falls ₹773 per 10 grams, silver down ₹2,024 per kg: What’s weighing on prices in India - CNBC TV18

AI desk brief

Gold and silver retreated in India on Monday as hawkish Fed commentary, firmer US yields and a stronger dollar outweighed safe-haven support from Middle East tensions. On MCX, October gold fell ₹773 to ₹1.53 lakh/10g and December silver dropped ₹2,024 to ₹2.39 lakh/kg; globally, gold was down 0.53% at about $4,355.59/oz and silver 0.20% lower at $66.12/oz.

Market participants said the move reflects a reassessment of US rate expectations, with inflation concerns and firm yields keeping pressure on non-yielding metals. In India, the rupee near 95.87 per dollar and crude around $100/bbl are also supporting domestic price volatility, while physical demand remains “steady but measured” ahead of the festive season.