31 October 2026,
Saturday
31 October 2026,
Saturday
Gold prices have fallen. (PC: AI)
Gold prices have fallen heavily this week, and silver has dropped even faster. Prices of both metals have come down in the global market, the domestic spot market and the domestic futures market.
According to Good Returns, the spot price of 24-carat gold in Delhi stood at Rs 1,39,030 per 10 grams on Saturday morning, down Rs 3,380. The price of 22-carat gold was Rs 1,27,450 per 10 grams, a fall of Rs 3,100. For 18-carat gold, the rate was Rs 1,04,310 per 10 grams, down Rs 2,530.
The domestic spot price of silver was Rs 2,00,000 per kg, down Rs 10,000.
Gold Down Rs 3,700 per 10 Grams in a Week
Gold prices have recorded a considerable fall over the past week.
According to Good Returns, 24-carat gold in Delhi was priced at Rs 1,42,730 per 10 grams last Saturday, 24 October 2026. Today, 31 October, the price has come down to Rs 1,39,030 per 10 grams. This means gold has fallen by Rs 3,700 per 10 grams in one week.
The price of 22-carat gold was Rs 1,30,850 per 10 grams last Saturday. It now stands at Rs 1,27,450, a fall of Rs 3,400 per 10 grams in a week.
Silver Falls Rs 20,000 per kg
Silver prices have dropped by Rs 20,000 in a week.
According to Good Returns, the spot price of silver in Delhi was Rs 2,20,000 per kg last Saturday, 24 October. Today, 31 October, it has fallen to Rs 2,00,000 per kg. This is a fall of Rs 20,000 per kg in one week.
Heavy Fall in Gold Prices Globally
Gold prices fell heavily in the global market on Friday.
On COMEX, gold fell 3.29 per cent, or $132.50, to $3,898.90 per ounce. Gold spot closed at $3,874.62 per ounce, down 3.65 per cent, or $146.90.
This is the lowest level for gold in 2026.
Silver Falls Nearly 6 Per Cent
Global silver prices also fell sharply on Friday.
On COMEX, silver closed at $49.28 per ounce, down 5.93 per cent, or $3.10. Silver spot closed at $49.10 per ounce, down 5.85 per cent, or $3.05.
Why Are Gold Prices Falling?
US third-quarter GDP growth data has come in stronger than expected. Traders expect a US Federal Reserve (Fed) rate hike in December. This is putting pressure on gold.
High crude oil prices have kept real yields elevated. There is a fear that investors may move out of gold and into interest-bearing assets such as bonds. This is why prices are falling.
What Are Experts Saying?
Ajay Kedia, managing director of Kedia Advisory, told Patrika.com that investors should currently watch the prospects for US Fed rates, inflation in the US and geopolitical conditions.
If the chances of a Fed rate hike in December decrease, US inflation comes down and geopolitical tension eases, gold could see a rally, he said. On the other hand, higher inflation and a stronger dollar could put further pressure on gold.
Disclaimer: This article is for information only. It is not investment advice. Consult your investment adviser before putting money anywhere.
