Gold and Silver Price Today: Gold Falls to ₹1.44 Lakh, Silver Drops Sharply — Check Latest Rates in India

Gold and silver prices witnessed a sharp decline in the Indian bullion market on Thursday, October 22, 2026, bringing fresh attention to precious-metal rates among jewellery buyers and investors. Gold prices moved lower amid weakness in international markets, while silver recorded a steeper fall as traders assessed global economic uncertainty, crude oil prices and the upcoming US Federal Reserve policy decision.

According to market reports, the retail price of 24-carat gold fell to approximately ₹1,44,650 per 10 grams, while silver declined to around ₹2,04,720 per kilogram. These figures are indicative reported rates; actual jewellery prices can differ by city, seller and applicable charges.

The latest movement is important for people planning to purchase gold jewellery, silver coins, utensils or investment products. However, a single day’s fall does not necessarily indicate that prices will continue declining. Buyers should compare local rates and understand the factors affecting the bullion market before making a decision.

Gold and Silver Price Today: Latest Rates in India

Rates reported on October 22, 2026. Local jeweller prices may differ.

The prices shown above are indicative market figures, not guaranteed final retail prices. Futures prices change during trading, and jewellery bills include additional charges.

City-Wise Gold and Silver Rates Today

Here is a comparison of reported retail rates in major Indian cities on October 22, 2026.

Rates can vary because of local taxes, transportation expenses, jeweller pricing policies and market conditions. Confirm the latest quote with a local seller before purchasing.

Why Are Gold Prices Falling Today?

Gold prices have faced selling pressure in domestic and international markets. On October 22, spot gold declined to approximately $4,090.51 per ounce in the reported session, while MCX gold futures also traded lower.

Several factors are influencing the market.

1. US Federal Reserve Policy

Investors are watching the US Federal Reserve’s October 27–28 policy meeting. Interest-rate decisions can influence gold prices because bullion does not pay interest like bonds or savings instruments.

If investors expect interest rates to remain elevated, gold can become relatively less attractive. Conversely, expectations of lower rates may support demand for precious metals.

2. Rising Crude Oil Prices

Higher crude oil prices can increase inflation concerns. This creates uncertainty about the future direction of interest rates and can influence demand for gold and silver.

Market participants are monitoring energy prices alongside inflation indicators to assess whether the recent decline will continue.

3. Stronger Currency and Global Market Pressure

Changes in the US dollar and the Indian rupee can affect domestic bullion prices. A stronger rupee can make imported gold less expensive in local currency terms, all else being equal.

International trading sentiment, profit-booking and changing expectations about monetary policy can also trigger sharp movements in domestic rates.

Silver Price Today: Why Is the White Metal Under Pressure?

Silver prices have fallen more sharply than gold during the latest session. The reported Indian retail rate for 999-purity silver was approximately ₹2,04,720 per kilogram, while MCX silver futures also declined.

Silver has two important demand drivers: investment demand and industrial consumption. It is used in electronics, solar panels and several industrial applications, making its price sensitive to expectations about manufacturing and economic growth.

When investors reduce exposure to precious metals, silver can experience substantial price movements. Its industrial role can add another layer of volatility compared with gold.

For buyers considering silver coins, bars or utensils, checking the price per gram and the purity certificate is important. The final purchase amount may include dealer margins and applicable taxes.

Gold Price Trend: How Much Have Prices Declined?

Recent figures indicate that the correction has extended beyond a single session. According to the reported retail price series, 24-carat gold declined by approximately 1.99% over one week and 5.70% over one month. Silver fell around 2.92% over one week and 14.52% over one month.

Silver’s larger decline highlights why the two metals should not automatically be treated as interchangeable investments. Their prices can respond differently to industrial demand, currency movements and investor sentiment.

Past performance, however, does not guarantee future price direction.

Should You Buy Gold and Silver After the Fall?

The recent decline may attract jewellery buyers who had postponed purchases because of elevated prices. But deciding whether to buy now depends on your purpose, budget and time horizon.

For jewellery buyers: Compare rates at multiple reputable stores and ask for a detailed invoice covering purity, weight, making charges and taxes.

For long-term investors: Consider your existing portfolio and whether precious metals fit your financial goals. Buying gradually can reduce the risk of committing all your money at one market level, but it cannot eliminate losses.

For short-term traders: Prices can remain volatile around central-bank announcements and economic data. Avoid relying on one day’s decline as a signal that a rebound is guaranteed.

For silver buyers: Pay attention to industrial-demand expectations and the metal’s comparatively sharp price swings.

There is no certain way to predict the next move in gold or silver. Anyone investing should consider the possibility of further declines as well as potential gains.

What Could Happen to Gold and Silver Prices Next?

The Federal Reserve meeting scheduled for October 27–28 is an important near-term event for bullion markets. Investors will assess the policy decision and accompanying guidance for clues about future interest rates. Inflation data and movements in crude oil prices may also affect sentiment.

If expectations shift toward lower interest rates, precious metals could receive support. If inflation concerns increase and markets anticipate tighter monetary policy, prices could remain under pressure. Currency movements and geopolitical developments may add further uncertainty.

For Indian buyers, global trends are only part of the picture. The rupee-dollar exchange rate, import costs and domestic demand also influence local prices.

Rather than making a purchase based solely on a forecast, buyers should monitor updated rates and make decisions according to their own needs.