Except for a few days, gold and silver prices in India rose continuously. However, both have seen a sharp decline in recent times. According to the website of the Indian Bullion and Jewelers Association (IBJA), the price of 24 carat gold fell by ₹3,726 to ₹1,23,907 per 10 grams by Thursday morning. Silver price fell by ₹10,549 to ₹1,52,501 per kg. On MCX, gold fell 6% to ₹120,575 per 10 grams, while silver fell 4% to ₹144,000 per kg. Know the latest prices of 24 carat, 23 carat, 22 carat, 18 carat and 14 carat gold according to IBJA. We will keep you informed of price changes throughout the day. Purity Morning Rate Gold 24 carat Rs 123907 per 10 gram Gold 23 carat Rs 123411 per 10 gram Gold 22 carat Rs 113499 per 10 gram Gold 18 carat Rs 92930 per 10 gram Gold 14 carat Silver Rs per 9108 gram 152501 per kg on MCX Gold and Silver Prices Gold Prices in Wednesday evening session on Multi Commodity Exchange (MCX) There was a big decline. The December futures contract opened at ₹1,24,423 per 10 grams but soon fell to ₹1,20,575 per 10 grams, the lowest since October 10. This represents a drop of approximately 6% from the previous closing price. Similarly, silver prices on MCX also fell sharply, falling 4% to ₹1,44,000 per kg. International spot gold prices also fell sharply on Wednesday, falling more than 3% to below $4,007 an ounce. Overall, gold prices fell by around 8% in just two days. Gold posted its biggest one-day drop in 12 years on Tuesday, down 5%. Last week, gold touched a record high of ₹1,32,294 per 10 grams, but now it has fallen by ₹12,000 from its peak to ₹1,20,575.This is considered the biggest single day fall in gold prices in the last five years. Gold price – Previous day’s situation Gold prices rose again in the local futures market in Monday’s trading session. After the recent decline from record highs, investors have resorted to value buying, which has helped gold regain its strength. On the Multi Commodity Exchange (MCX), gold for December delivery rose ₹982, or 0.77%, to close at ₹1,27,990 per 10 grams. 14,913 lots were traded in this contract. Gold touched a high of ₹1,32,294 per 10 grams on Friday, but after five days of gains, it closed at ₹1,27,008. Meanwhile, gold for delivery in February 2026 rose by ₹1,680 or 1.31% to ₹1,29,743 per 10 grams with a turnover of 1,862 lots. Gold prices rose by a total of ₹5,644 (4.65%) in the past week, reflecting positive investor sentiment. Silver price – Last day’s situation Like gold, silver also experienced a rise. Silver for December delivery rose ₹1,522, or 0.97%, to ₹1,58,126 per kg on a turnover of 23,985 lots. Earlier, silver touched an all-time high of ₹1,70,415 per kg on MCX. Meanwhile, silver for March 2026 delivery rose by ₹1,292, or 0.82%, to ₹1,59,361 per kg on a business turnover of 5,787 lots. Silver prices rose by a total of ₹10,138 (6.92%) last week on higher industrial demand and reduced supply. Global market trend: Internationally too, gold and silver traded with an improved trend. On Comex, gold for December delivery closed at ₹4,275.76 an ounce, up ₹62.46 (1.48%) after hitting a high of ₹4,392 an ounce on Friday. Silver rose 1.50% to ₹50.85 an ounce. It had earlier climbed as high as $53.76 an ounce, but ended the week down a massive 6%, its biggest drop in six months. Share this story Tags
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