India's Bullion Market Sees Steep Declines in Gold and Silver Prices

The Indian bullion market experienced a notable decline on September 28, 2026, with both gold and silver prices registering significant decreases. According to the latest bullion market bulletin, gold prices fell by ₹2,440 per 10 grams, while silver dropped by ₹6,170 per kilogram.

The decline in gold prices brought its rate down to ₹1,49,030 per 10 grams, representing a decrease of approximately 1.61%. Silver's price, on the other hand, decreased by 2.62%, making it lower than gold's percentage drop during the session.

Market participants closely monitor domestic prices alongside international bullion movements, currency fluctuations, and broader economic developments to understand the factors influencing precious metal prices. Interest rate expectations can impact investor demand for gold due to its non-interest-bearing nature, while silver prices may respond to investment activity as well as industrial demand.