Commodities
India's Gold and Silver Prices Plummet Amid Global Market Volatility
Gold and silver prices in India continued their downward trend on Tuesday, September 29, 2026. The price drop was driven by a surge in crude oil prices and escalating geopolitical tensions in West Asia.
The global commodity exchanges were affected by the intensified conflict in West Asia, leading to a broad risk-off sentiment. This forced spot gold and silver to drop towards seven-week lows.
On the Multi Commodity Exchange (MCX), gold futures fell below the ₹1,50,000 per 10-gram mark, while silver slipped under its key support of ₹2,30,000 per kilogram.