{
  "id": 10437581,
  "title": "Gold price falls ₹2,600, silver plunges ₹5,000 amid crude oil surge",
  "url": "https://urgent.news/2026/09/28/gold-price-falls-2-600-silver-plunges-5-000-amid-crude-oil-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T11:31:07.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-price-falls-2600-silver-plunges-5000-amid-crude-oil-surge/article71519585.ece"
  },
  "original_language": "en",
  "account": "Gold prices in India dropped by ₹2,600 to ₹1.5 lakh per 10 grams on Monday, coinciding with a significant sell-off in global markets. This decline was influenced by a surge in crude oil rates and a strengthening US dollar. The metal, which was previously trading at ₹1,52,600 per 10 grams, had closed at the lower rate on the previous day. Silver also experienced a sharp drop of ₹5,000, or ₹2.32 lakh per kg, from its previous closing level of ₹2.37 lakh per kg, including all taxes. According to Gaurav Garg, Head of Research at brokerage platform Lemonn, the firm US dollar continued to exert downward pressure on precious metals. Brent crude oil prices surged by 4% to $108.53 per barrel, driven by heightened supply concerns due to renewed US-Iran tensions and uncertainty surrounding the Strait of Hormuz. In international markets, gold declined by $128.93, or 3.01%, to $4,156.44 per ounce, while silver slipped by $2.96, or 4.6%, to $61.34 per ounce. Gold prices breached the $4,200 per ounce mark, while silver traded around $61 after US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz and resume nuclear talks in exchange for lifting the naval blockade, as per Akshat Siddhant, Lead Quant Analyst at investment platform Mudrex. Iran stated that its delegation to the UN General Assembly had no talks planned with the US following Trump's claim of expecting more negotiations.",
  "summary": "Precious metals came under pressure as global markets faced renewed volatility, with crude oil rising sharply amid heightened US-Iran tensions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}