Gold falls ₹2,282/10 gm today to ₹1.38 lakh/10 gm: Silver gets nearly ₹40,000/kg cheaper in a month - Bhaskar English

AI desk brief

Indian bullion prices fell sharply ahead of Diwali, with IBJA data showing 24-carat gold down ₹2,282 on the day to ₹1.38 lakh/10 gm and silver down ₹1,264 to ₹1.80 lakh/kg. Over October, gold is down ₹8,084 and silver has dropped ₹39,485, reflecting profit-taking at high prices, a stronger dollar and firmer bonds, and softer industrial demand for silver.\n\nThe article says large investors have been selling into record prices, while retail buying has slowed after the run-up. A commodity analyst quoted in the piece advises staggered buying over 15-20 day intervals, with a 6-12 month investment horizon.