Gold and Silver Prices Fall Due to Oil, US Interest Rates
Gold and silver prices in India have dropped following a sharp decline in global bullion markets. Rising crude oil prices, higher US Treasury yields, and a stronger dollar have pressured precious metals. On September 28, silver ETFs fell up to 4%, gold ETFs over 2%. MCX silver futures for September 2026 fell to ₹2,28,035 per kg, and October gold futures dropped to ₹1,47,667 per 10 grams. The fall reflects global trends, with gold hitting a seven-week low amid concerns over sustained high US interest rates.
HT Business·5h ago



