Gold Falls ₹900 To ₹1.50 Lakh Per 10 Grams As ; Silver Slumps ₹6,000 Per Kg
New Delhi, October 15, 2026: Gold prices declined for the fourth consecutive session, falling Rs 900 to Rs 1,49,900 per 10 grams in the national capital on Thursday as a stronger rupee and subdued physical demand increased pressure on the precious metal. The price of 99.9% pure gold fell to Rs 1,49,900 per 10 grams, inclusive of all taxes, according to local traders. The yellow metal had closed…
New Delhi, October 15, 2026: Gold prices dropped for the fourth straight day, falling Rs 900 to Rs 1,49,900 per 10 grams in the capital on Thursday due to a stronger rupee and low physical demand. Meanwhile, silver prices plunged Rs 6,000 to Rs 2.15 lakh per kilogram, marking four consecutive days of decline. Saumil Gandhi, a senior commodity analyst at HDFC Securities, explained that the rupee's five-day rally against the US dollar, with gains of 12 paise to 95.05, and weak physical demand contributed to the downward pressure on gold.
Overseas markets saw a recovery in bullion prices, with gold rising USD 49.32 to USD 4,154.65 per ounce and silver increasing nearly 2% to USD 56.69 an ounce. Analysts attribute this recovery to a weaker US dollar and declining US Treasury yields. Investors are now closely monitoring Federal Reserve Chair Kevin Warsh's speech and the central bank's upcoming policy decision for clues about interest rate expectations, the dollar, and metal prices.
Geopolitical events in West Asia and their impact on crude oil prices are also expected to influence bullion prices in the near term.
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