According to the India Bullion and Jewellers Association (IBJA), gold fell by ₹3,000 and silver by over ₹10,000 this week. The 24-carat gold price dropped to ₹1,46,426 per 10 grams from ₹1,49,430, and silver fell to ₹2,10,918 per kilogram from ₹2,21,109. Internationally, gold is around $4,186 per ounce and silver about $57. Experts attribute the decline to rising crude oil prices, which strengthened the dollar, and to the prospect of higher interest rates due to inflation, which prompted investors to sell.
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goldsilverUS dollaroil pricesinterest rates
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Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/17/2026 | 4,155.26 |
| Change that session | -0.18% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/17/2026 | 4,152.95 |
| Change that session | -0.16% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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