Archive · 8 Oct 2026
Gold Rebounds ₹3,600 as Silver Falls Ahead of Festive Season
Gold prices went up in New Delhi on Thursday after falling for two days.
Jewellers and retailers bought more gold ahead of the festive season, when people often buy jewellery.
Gold reached ₹1,52,500 for 10 grams.
Silver moved the other way and became cheaper.
It fell to ₹2.24 lakh per kilogram, its lowest price in more than three months.
Around the world, gold was slightly higher while silver fell.
Analysts said a strong US dollar and rising oil prices made it harder for gold to rise further.
The article linked the oil price increase to renewed tensions in West Asia.
Gold rose ₹3,600 to ₹1,52,500 per 10 grams in New Delhi on Thursday.
Jeweller and retailer buying ahead of the festive season helped support gold prices.
Gold had closed at ₹1,48,900 per 10 grams on Wednesday after a two-session decline.
Silver fell ₹3,000 to ₹2.24 lakh per kilogram, its lowest level in more than three months.
Analysts said a strong dollar and higher crude prices, amid renewed West Asia tensions, limited gold's recovery.
- Who
- Jewellers and retailers increased gold buying; traders and analysts commented on the price movements.
- What
- Gold rose ₹3,600 to ₹1,52,500 per 10 grams, while silver fell ₹3,000 to ₹2.24 lakh per kilogram.
- When
- Thursday, October 8, 2026.
- Where
- New Delhi's domestic bullion market; the article also reported global spot prices.
- Why
- Festive-season buying supported gold, while a strong dollar and rising crude oil prices constrained its recovery.
Factors Supporting Gold
Factors Limiting Gold
Gold's price recovery
Factors Supporting Gold
Jeweller and retailer buying ahead of the festive season, along with a rebound from a two-month low, supported gold.
Factors Limiting Gold
A strong dollar and elevated crude oil prices constrained the recovery, according to the article's cited analysts.
- Gold price
- ₹1,52,500 per 10 grams, inclusive of all taxes
- Gold daily change
- Up ₹3,600
- Previous gold close
- ₹1,48,900 per 10 grams on Wednesday
- Silver price
- ₹2.24 lakh per kilogram
- Silver daily change
- Down ₹3,000
- Global spot gold
- USD 4,111.94 per ounce
- Global spot silver
- USD 58.50 per ounce, down more than 2 per cent
- Crude oil
- Rose to USD 105 per barrel amid renewed West Asia tensions, according to the article