Gold Prices Fall to 10-Month Low, Silver Also Sees Sharp Decline
SRINAGAR: Gold prices in the national capital witnessed another sharp decline on Saturday, falling to a 10-month low of Rs 1.42 lakh per 10 grams amid a continued sell-off in global precious metal markets.
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According to the All India Sarafa Association, the price of gold (99.9 per cent purity) dropped by Rs 3,200 to Rs 1,42,000 per 10 grams, inclusive of all taxes. Gold was trading at Rs 1,45,200 per 10 grams at the previous close.
The latest price marks the lowest comparable level since December 26, 2025, when gold was quoted at Rs 1,42,300 per 10 grams.
Silver prices also continued their downward trend. The white metal declined by Rs 4,200 to Rs 1,86,000 per kilogram, inclusive of all taxes, compared with Rs 1,90,200 per kg at the previous close.
Silver was last traded near the current level on December 8, 2025, when its price stood at Rs 1,85,000 per kilogram.
The latest decline in gold and silver prices comes amid a sharp correction in international precious metal markets, extending losses for the second consecutive session.