{
  "id": 15898783,
  "title": "Gold And Silver Prices Fall In Delhi As Rupee Appreciation And Elevated Crude Oil Weigh On Bullion",
  "url": "https://urgent.news/2026/10/21/gold-and-silver-prices-fall-in-delhi-as-rupee-appreciation-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T13:44:48.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gold-and-silver-prices-fall-in-delhi-as-rupee-appreciation-and-elevated-crude-oil-weigh-on-bullion"
  },
  "original_language": "en",
  "account": "New Delhi experienced a decline in gold and silver prices on Wednesday, October 21, 2026, as a stronger rupee, high crude oil costs, and unfavorable global patterns weighed on bullion markets. The 99.9% pure gold fell by Rs 1,300, reaching Rs 1,49,000 per 10 grams, according to the All India Sarafa Association. The price had been at Rs 1,50,300 per 10 grams in the previous session. Meanwhile, silver, which had been stable for two days, started falling after slipping Rs 1,600 to Rs 2,13,400 per kilogram, down from its Monday closing price of Rs 2,15,000 per kilogram. Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, explained that gold's weak performance was driven by the ongoing rupee appreciation, which continues to put pressure on domestic prices. The rupee climbed 48 paise to 94.43 against the US dollar on Wednesday, aided by the RBI's move to curb dollar demand, according to Ashish Rajodiya, Head of Commodities at PL Capital. Despite early optimism surrounding an Iran peace deal that aided oil prices and briefly boosted precious metals, those gains were short-lived as crude recovered following news that Iran saw little hope for diplomatic progress with the United States. In the global market, gold was flat at USD 4,127.68 per ounce, while silver fell 0.48% to USD 57.72 per ounce, reported Kaynat Chainwala, AVP Commodity Research at Kotak Neo. Chainwala noted that higher oil prices continue to complicate the monetary policy outlook, but weakness in the US dollar and Treasury yields has limited the downward pressure on precious metals. With no major US economic data due, the bond market's movements and developments in crude oil prices are expected to drive trading in the coming sessions, with focus shifting to the Federal Reserve's October policy meeting next week.",
  "summary": "New Delhi, October 21, 2026: Gold and silver prices declined in the national capital on Wednesday as appreciation in the rupee, elevated crude oil prices and weak global trends dampened investor sentiment. The yellow metal of 99.9 per cent purity dropped Rs 1,300 to Rs 1,49,000 per 10 grams (inclusive of all taxes), according to the All India Sarafa Association. Gold had closed at Rs 1,50,300 per…",
  "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."
}