Gold and silver prices fell on October 12, 2026, just before the Dussehra festival, affecting buyers who plan to purchase jewellery and silver items during the festive season. This decline offers an opportunity for shoppers to compare rates and make informed decisions.
- 24-carat gold price dropped to ₹1,50,420 per 10 grams, down ₹1,300 or 0.86%.
- Silver price declined to ₹2,24,920 per kilogram, down ₹1,220 or 0.54%.
- Gold futures on MCX fell 0.41% to ₹1,51,100 per 10 grams.
- Silver futures on MCX decreased 0.16% to ₹2,25,770 per kilogram.
- Gold prices fell 8.5% in September 2026 due to global economic factors.
Why Did Gold and Silver Prices Fall Before Dussehra?
Gold and silver prices declined on October 12, 2026, as festive buyers tracked bullion rates ahead of Dussehra. The fall in prices is linked to global economic factors such as rising US Treasury yields and a stronger US dollar. These factors influenced the precious metals market, causing a reduction in futures market positions and leading to lower prices.
What Are the Current Gold and Silver Rates?
According to Bullions.co.in, 24-carat gold was priced at ₹1,50,420 per 10 grams, which is a decrease of ₹1,300 or 0.86%. Silver stood at ₹2,24,920 per kilogram, down ₹1,220 or 0.54%. On the Multi Commodity Exchange (MCX), gold futures traded 0.41% lower at ₹1,51,100 per 10 grams, while silver futures declined 0.16% to ₹2,25,770 per kilogram as of 9:13 AM IST.
How Do These Prices Affect Festive Buyers?
The price movements provide an opportunity for festive shoppers to compare rates before buying jewellery or silver items. However, it is important to note that local retail prices may differ from bullion benchmarks and futures quotations. Buyers should check city-wise rates and consider these differences when making purchases.
What Are the Different Silver Grades and Their Prices?
Silver prices vary based on purity grades. Bullions.co.in lists 999 fine silver at ₹225 per gram, ₹2,249 per 10 grams, ₹22,492 per 100 grams, and ₹2,24,920 per kilogram. Silver 925 sterling is quoted at ₹208 per gram and ₹2,08,051 per kilogram, while 900-grade silver is priced at ₹202 per gram and ₹2,02,428 per kilogram.
Should Investors Base Decisions on Daily Price Movements?
Gold can help diversify an investment portfolio, but investors should focus on their financial goals, risk tolerance, and investment horizon. Decisions should not be based solely on daily price movements or market sentiment. The 8.5% fall in gold prices in September 2026, despite strong investment demand, highlights the impact of global economic factors and the importance of a long-term perspective.
Frequently Asked Questions
Q: Why did gold prices fall in September 2026?
A: Gold prices fell 8.5% in September 2026 due to rising US Treasury yields, a stronger US dollar, and a sharp reduction in futures market positions, despite strong investment demand.
Q: Are local gold prices the same as MCX futures prices?
A: No, local retail prices may differ from bullion benchmarks and futures quotations. Buyers should compare both before making purchases.
Q: What should investors consider before buying gold?
A: Investors should consider their financial goals, risk tolerance, and investment horizon rather than making decisions based solely on daily price changes or market sentiment.
