Business · Markets · 9 hrs ago
Silver hits its lowest level since December as gold also falls
Silver futures in India fell to ₹1,92,800 per kg on Friday, their lowest level since December 2025.
Gold prices also weakened, with MCX futures hovering around ₹1.40 lakh per 10 grams.
The metals have fallen sharply from their peaks this year, and silver has lost more than half its value from its record high.
Rising oil prices have revived fears that inflation will stay high, as conflict and supply concerns in the Middle East push crude higher.
Investors are watching for possible US interest-rate increases, which could make assets that pay interest more attractive than gold and silver, which do not.
Silver also faces pressure from concerns about industrial demand, including in China’s solar-panel and chip-making sectors.
The Federal Reserve’s policy decision and upcoming US inflation data are key next signals for markets, though the sources differ on whether officials are expected to hold rates or raise them.
Silver futures fell 3.4% to ₹1,92,800 per kg on Friday, their lowest level since December 2025, according to Mint.
Gold also declined, with reports placing MCX prices around ₹1.40 lakh to below ₹1.42 lakh per 10 grams.
Higher crude oil prices have raised inflation concerns and expectations of higher interest rates, weighing on precious metals.
Silver has fallen more than half from its record high of ₹4,20,048 per kg, reached on January 29, according to the Economic Times.
The reports cite weaker industrial-demand prospects and rising bond yields as further pressures on silver and gold.
- Who
- Silver and gold investors and traders.
- What
- Silver prices fell to their lowest level since December 2025, while gold also declined.
- When
- Friday, October 23, 2026.
- Where
- On India’s Multi Commodity Exchange; the reports also discuss international precious-metals and oil markets.
- Why
- Higher crude prices raised inflation concerns and expectations of higher interest rates, reducing the appeal of metals that do not pay interest.
This story does not have two clearly opposing sides.
Silver reached a record high of ₹4,20,048 per kg, according to the Economic Times.
US consumer and producer inflation data came in hotter than expected, Mint reported.
MCX silver fell to ₹1,92,800 per kg, its lowest level since December 2025, according to Mint.
The US Federal Reserve was scheduled to hold its next meeting.
US Personal Consumption Expenditures inflation data was due, according to Mint.
- MCX silver on Friday
- ₹1,92,800 per kg
- Silver record high
- ₹4,20,048 per kg on January 29
- Silver fall from August peak
- ₹56,000 per kg, according to Mint
- Brent crude
- Rose towards $115 per barrel on Friday, according to Mint
- Fed meeting
- Scheduled for October 27–28, 2026
2 sources
What people are saying
Oil is driving this selloff more than fear is
Gold continued its downward trend, declining more than 3.5% this week to around ₹1,42,800, as COMEX Gold corrected towards $4,000 amid growing expectations of a US interest rate hike.