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MCX gold prices drop to ₹1,42,024 per 10 grams from January peak
MCX gold prices dropped to ₹1,42,024 per 10 grams from a January peak of ₹1,80,779.
Key points
- Domestic 24K gold prices dropped 1.18% to ₹1,44,650 per 10 grams and silver fell 2.29% to ₹2,04,720 per kg on 22 October.
- International spot gold declined 1.22% to $4,090.51 per ounce and spot silver fell 2.73% to $56.394 per ounce.
- MCX gold futures traded 1.20% lower at ₹1,44,331 per 10 grams and silver futures declined around 2.35% to ₹2,04,264 per kg.
Why it matters. The US Federal Reserve's upcoming policy meeting may influence bullion prices because higher interest rates and bond yields can make gold less attractive to investors.
Gold futures on the Multi Commodity Exchange settled at ₹1,42,024 on Friday. This represents a 21.43% drop from the record high of ₹1,80,779 per 10 grams reached on 29 January 2026. Market experts attribute the decline to Middle East tensions, US inflation, and margin calls triggered by weak AI-linked technology stocks. Ponmudi R of Enrich Money identifies ₹1,40,000 as a crucial support level.
Latest updates
MCX gold prices drop to ₹1,42,024 per 10 grams from January peak
Gold futures on the Multi Commodity Exchange (MCX) settled at ₹1,42,024 per 10 grams on Friday. This represents a 21.43% decline from the record high of ₹1,80,779 per 10 grams recorded on January 29, 2026. Market analysts attribute the plunge to investor selling, higher crude prices, and inflation concerns. While festive demand during Diwali may provide some support, experts suggest monitoring the ₹1,40,000 support level. Investors are advised to adopt a gradual buying strategy.
Chennai retail 24K gold prices drop 3.85% to ₹1,42,480 per 10 grams
Retail 24K gold prices in Chennai declined by 3.85% this week to reach ₹1,42,480 per 10 grams. MCX futures also saw a drop of approximately 3.5% during the same period. Market analysts attribute the sell-off to a stronger US dollar, elevated US Treasury yields, and rising crude oil prices. Renewed inflation concerns and anticipated tighter US monetary policy have further pressured bullion prices.
Gold, silver prices today, 22 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices fell on 22 October. Check the latest retail rates of 24K and 22K gold and 999-purity silver in Delhi, Mumbai, and Kolkata. Here's how prices have changed and what to watch ahead of the US Federal Reserve’s policy meeting. Gold and silver prices, 22 October: Gold and silver prices fell sharply in the domestic market on Thursday, extending their recent decline. The price of 24K gold dropped by 1.18% to ₹1,44,650 per 10 grams, while silver prices fell by 2.29% to ₹2,04,720 per kg, compared with 21 October.In the international market, spot gold declined 1.22% to $4,090.51 per ounce, while spot silver fell 2.73% to $56.394 per ounce, indicating continued selling pressure on precious metals.Investors are now closely watching the US Federal Reserve's policy meeting scheduled for October 27–28 for clues about the future direction of interest rates. The Fed's decision will be important for bullion prices because interest rates influence the US dollar and bond yields. Higher interest rates and bond yields can make gold less attractive to investors because the metal does not generate regular interest income.In the domestic futures market, MCX gold futures were trading 1.20% lower at ₹1,44,331 per 10 grams, while MCX silver futures declined around 2.35% to ₹2,04,264 per kg at approximately 9:40 am on 22 October.Gold and silver prices today in IndiaGold is available i.