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Business & Stocks Google News Business (Hindi) • Oct 07, 2026

Gold Prices Drop by ₹706 to ₹1.48 Lakhs per 10 Grams and Silver Falls by ₹1,954 per Kg Amid Market Volatility: Latest Bullion Rates

💡 Key Takeaways

•Gold prices fell by ₹706 to trade at ₹1.48 lakhs per 10 grams.
•Silver prices dropped by ₹1,954 to trade at ₹1 lakh per kilogram.
•The correction follows massive monthly gains of ₹8,000 in gold and ₹15,000 in silver during September.

NEW DELHI [NCRBuzz Wire] — **Gold and silver bullion markets witnessed a notable price correction across major Indian cities, offering temporary relief to retail buyers amid ongoing festive and wedding season demand.** According to latest market updates compiled across financial desks, benchmark gold prices fell by ₹706 to settle at ₹1.48 lakhs per 10 grams, while white metal silver dropped by ₹1,954 per kilogram.

### Bullion Market Performance Metrics

**Financial analysts note that the current downward movement follows an aggressive bullish rally witnessed in September, where gold appreciated by nearly ₹8,000 and silver rallied by over ₹15,000.** The sudden price contraction is primarily attributed to profit-booking by institutional investors and fluctuations in international COMEX spot gold and silver pricing. Domestic bullion traders in Mumbai, Delhi, and Kolkata reported subdued physical demand at higher price thresholds prior to the correction.

### 24K and 22K Retail Gold Pricing Breakdown

**Retail consumers purchasing 24-karat and 22-karat gold ornaments can expect varied local taxation rates including 3% GST and making charges depending on the jeweller.** Market sentiment remains cautiously optimistic as investors evaluate macroeconomic indicators, inflation data, and currency volatility involving the USD/INR exchange rate tracked by the RBI.

| Precious Metal Metric | Rate / Price Shift | Previous Benchmark |

|---|---|---|

| Gold (24K - 10 Grams) | ₹1,48,000 (Down ₹706) | ₹1,48,706 |

| Silver (1 Kilogram) | ₹1,00,000 (Down ₹1,954) | ₹1,01,954 |

| September Gold Surge | +₹8,000 (Monthly Gain) | N/A |

| September Silver Surge | +₹15,000 (Monthly Gain) | N/A |

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🏛️ Background Context

Precious metals in India serve as both a traditional retail investment hedge against inflation and a heavily traded asset class on commodity exchanges like MCX, directly reacting to international geopolitical tensions, US macroeconomic prints, and domestic currency valuations tracked by the RBI.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What are the current retail rates for 10 grams of gold and 1 kilogram of silver?

Gold is trading at ₹1.48 lakhs per 10 grams following a ₹706 decline, while silver is priced at ₹1 lakh per kilogram after a drop of ₹1,954.

Q2: Why did gold and silver prices experience a sudden drop in the domestic market?

The price correction is driven by institutional profit-booking following massive monthly surges of ₹8,000 in gold and ₹15,000 in silver during September.

Q3: Do retail buyers need to pay additional charges over the base bullion rate?

Yes, retail purchases include an mandatory 3% Goods and Services Tax (GST) alongside jeweller-specific making charges.

Verified Wires: Google News Business (Hindi) Original Wire Dispatch ↗

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