Weekly Market Shift: Gold Down ₹3,000, Silver Down ₹10,000 Across India

New Delhi, October 18 – A week of falling prices marked the Indian bullion market. 24‑carat gold fell by ₹3,004 to ₹1,46,426 per 10 g, while the 22‑carat and 18‑carat grades also contracted, ending the week at ₹1,34,126 and ₹1,09,820 respectively.

The morning session on October 15 recorded the lowest 24‑carat figure of ₹1,45,564, whereas the highest price of the week, seen on October 12, was ₹1,48,425.

Silver mirrored the trend, dropping ₹10,191 to ₹2,10,918 per kilogram from a week‑earlier ₹2,21,109. Its peak price of ₹2,20,874 occurred on October 12, and the minimum of ₹2,07,098 was logged on October 15.

Rates are published twice daily by the India Bullion Jewellers Association, providing up‑to‑date information for traders.

Internationally, gold is priced around $4,186 per ounce and silver near $57 per ounce. Analysts link the domestic price dip to higher crude oil prices, which have boosted the U.S. dollar and placed pressure on gold and silver. Rising inflation expectations and the potential for higher interest rates are also prompting investors to sell off precious metal assets.