With the beginning of the festive season, people are keeping an eye on the prices of gold and silver. There has been a huge fall in the prices of gold and silver in the last month of September. After a month-long ups and downs, the price of gold got a big relief of ₹ 9,000 per 10 grams, while the price of silver also fell by ₹ 8,000 per kilogram. However, on October 1, 2026 (Thursday), there has been a slight recovery in precious metals due to buying by investors at lower levels and international cues.
Gold and silver movement in the month of September
From the beginning of September till the end of the month, a big fall in prices was seen in the bullion market. The price of gold in Delhi on September 1 was ₹ 1.58 lakh per 10 grams. After a month of sluggishness, it fell to ₹ 1.49 lakh per 10 grams by September 30. That means gold became cheaper by ₹ 9,000 in the entire month. Whereas on September 1, the price of silver was ₹ 2.40 lakh per kg, which came down to ₹ 2.32 lakh per kg on September 30. In this way a fall of ₹ 8,000 was recorded in silver.
Today there was a surge in precious metals again
On the first day of October, there was a strong rise in the prices of gold and silver in the domestic futures market (MCX) and international market. On MCX, gold once again crossed the level of ₹ 1.50 lakh and was seen trading in the green. At the same time, silver managed to touch the level of ₹ 2.26 lakh per kg again by rising by almost 1%. Talking about the international market, spot gold crossed $4,175 per ounce with a gain of 1%. At the same time, spot silver was trading at around $61 per ounce with a gain of 1.20%.
Reason for rise in gold and silver
Two major global reasons are believed to be behind this latest recovery in gold and silver prices:
- Reduction in crude oil prices: Crude oil prices have softened due to Saudi Arabia increasing the supply of crude oil through pipeline, which has reduced inflation concerns at the global level.
- China’s Golden Week:Golden Week is starting from Thursday in China. According to experts, during this period the demand for jewelery increases significantly in China, which may provide further support to the prices of gold and silver in the coming days.
Also read- Gold became cheaper by ₹ 3500 last week, silver price also fell by ₹ 6907 – Know how the trend will be this week.
SK Sharma is a content writer who writes on news, entertainment, and lifestyle topics. She has over four years of experience and is known for conveying information in simple and clear language.
