{
  "id": 12095440,
  "title": "Gold Drops Over 1 Per Cent To Rs 1,48,850, Silver Gains As Bullion Markets Show Mixed Trends",
  "url": "https://urgent.news/2026/10/05/gold-drops-over-1-per-cent-to-rs-1-48-850-silver-gains-as-bullion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T06:30:26.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gold-drops-over-1-per-cent-to-rs-148850-silver-gains-as-bullion-markets-show-mixed-trends"
  },
  "original_language": "en",
  "account": "Mumbai witnessed a mixed performance in the bullion markets on Monday as gold prices slipped while silver prices rose. The decline in gold was largely attributed to fluctuations in the US dollar and geopolitical uncertainties. On the Multi Commodity Exchange, December gold futures opened at Rs 1,49,184 per 10 grams but fell to Rs 1,48,850, marking a loss of Rs 1,540, or 1.02 per cent. Gold opened at Rs 1,51,197, hitting its intraday high of Rs 1,51,197, up by Rs 807, or 0.53 per cent. However, it failed to sustain its early gains and dropped below the Rs 1,50,000 mark.\n\nAnalysts identified Rs 1,50,000 as the immediate resistance level for gold, with further resistance expected at Rs 1,51,000 to Rs 1,51,600, and Rs 1,52,500 to Rs 1,53,000. Conversely, support levels are seen at Rs 1,47,300 to Rs 1,48,000 and Rs 1,45,300 to Rs 1,46,000. For gold to stabilize, it must maintain its price above Rs 1,50,000; otherwise, a drop below Rs 1,48,000 could trigger a new support level at Rs 1,46,000.\n\nSilver, on the other hand, saw an increase, with December silver futures opening at Rs 2,25,900 per kg and climbing to an intraday high of Rs 2,26,999, a gain of Rs 463, or 0.2 per cent. At the close of the day, silver was trading at Rs 2,26,340 per kg, up by Rs 463, or 0.2 per cent. Analysts noted that silver’s more significant rise compared to gold was indicative of the same trend seen in global bullion markets. The immediate resistance for silver is placed at Rs 2,27,000 to Rs 2,28,000, with a potential rise above this level supporting its recovery. However, a fall below Rs 2,24,000 could push prices towards Rs 2,20,000. Geopolitical tensions, particularly between the US and Iran, continue to impact the prices of both gold and silver.",
  "summary": "Mumbai: Gold prices fell while silver moved higher in trade on Monday, as changes in the US dollar and geopolitical uncertainty influenced the bullion market . On the Multi Commodity Exchange, December gold futures traded at Rs 1,49,184 per 10 grams around 10 am, down Rs 1,206, or 0.8 per cent, from the previous close. Gold Prices Retreat After Higher Opening Gold opened at Rs 1,51,197, which…",
  "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."
}