Gold prices fall Rs 1,400/10 grams, but silver rises Rs 1,025/kg despite easing

Benchmarks Nifty22,997.35374.65FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.52 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return18.82 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper Gold prices fall Rs 1,400/10 grams, but silver rises Rs 1,025/kg despite easing Fed hike bets. Check key levels to trackBy Veer Sharma, ETMarkets.comLast Updated: Oct 05, 2026, 10:10:00 AM ISTSynopsis

Gold and silver prices opened mixed on the MCX, with silver gaining while gold declined. Weak US economic data reduced expectations of a Federal Reserve rate hike in October, supporting precious metals. Spot gold and silver also rose. Analysts expect further gains if key resistance levels are breached, but advise avoiding fresh positions amid geopolitical tensions and US-Iran peace talks.

Listen to this article in summarized format

Loading...×Gold and silver prices opened mixed on the Multi Commodity Exchange (MCX) on Monday, as recent weak US economic data sharply reduced expectations of a US Federal Reserve rate hike in October, boosting the appeal of non-yielding assets.

In the domestic market, MCX silver futures for December 2026 delivery rose Rs 1,025 to Rs 2,26,902 per kg. Gold futures for December 2026 delivery fell Rs 1,400 to Rs 1,49,050 per 10 grams.

US job growth slowed more than expected in September, while nonfarm payrolls for the previous two months were revised sharply lower, data showed on Friday. Markets are now pricing in a 22% probability of a Fed rate hike in October, down from 64% a week earlier, while the probability of a December rate increase remains at 87%, according to the CME FedWatch Tool.

The US central bank last month raised its benchmark overnight interest rate by 25 basis points to a range of 3.75%-4.00%, marking its first rate increase in three years.

In geopolitical developments, Yemen's Saudi-backed, internationally recognised government said on Sunday that it was launching a major military campaign to retake all areas controlled by the Iran-backed Houthis.

Live Events

Oil prices slipped as higher crude exports from the Middle East and the release of oil stocks by G7 nations added to supply, despite continued concerns over potential damage to Gulf oil infrastructure amid the Iran war.

Gold, silver international prices

Spot gold rose 0.4% to $4,158.17 per ounce by 0150 GMT, while US gold futures for December delivery gained 0.6% to $4,186.40.

Among other precious metals, spot silver rose 1.7% to $61.40 per ounce, platinum gained 0.6% to $1,708.48, while palladium rose 0.6% to $1,175.04.

How should you trade gold?

Manoj Kumar Jain of Prithvi Finmart said gold is holding its support level of $4,110 per troy ounce, while silver is holding support at $59.10 per troy ounce. He said gold prices could show further strength only after crossing and sustaining above $4,255, while silver needs to cross and sustain above $62.40.

On the MCX, December gold is holding support at Rs 1,47,700, while silver is holding support at Rs 2,18,800. Jain said gold could gain further strength if prices cross and sustain above Rs 1,52,000, while silver needs to cross and sustain above Rs 2,31,000.

Jain recommended avoiding fresh positions in gold and silver amid the long weekend and uncertainty surrounding US-Iran peace talks.

Gold rates in physical markets

Gold Price today in Delhi

Standard gold (22 carat) prices in Delhi stand at Rs 1,09,512 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,19,456 per 8 grams.

Gold Price today in Mumbai

Standard gold (22 carat) prices in Mumbai stand at Rs 1,09,392 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,19,336 per 8 grams.

Gold Price today in Chennai

Standard gold (22 carat) prices in Chennai stand at Rs 1,09,392 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,19,336 per 8 grams.

Gold Price today in Hyderabad

Standard gold (22 carat) prices in Hyderabad stand at Rs 1,09,392 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,19,336 per 8 grams.

Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onGold price todaysilver price todayMCX gold priceMCX silver pricegold rates todaysilver rates todaygold price forecastsilver price forecastFed rate hike

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News onGold price todaysilver price todayMCX gold priceMCX silver pricegold rates todaysilver rates todaygold price forecastsilver price forecastFed rate hike

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...morelessPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition

• The ABCD of the US mid-term elections – Part 1: Why it matters across the globe

• Onion inflation at 108%? Yes, but not really. What is different this time?

• Curbing rupee bets: What the RBI’s new rules mean for the hedge-now-or-wait question

• Brinjal, buffalo, bacteria: Inside India’s pay-for-nature system

• Homebuyers wait as NCLT panel picks holes in unfinished Jaypee projects

• The NBFC saga - Part 3: How one default in 2018 changed the way RBI reads risk

• 1
• 2
• 3

View all StoriesContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Big Price Drop! Flat 40% Off

Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail OfferAvail OfferClaim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '

' + h3 + '

' + h4 + '

' + listing + '

'; $('#paidSCWidget').html(html); var callback = $('#paidSCWidget').attr('data-callback'); if(callback && window[callback]) { window[callback](); } customDimension.dimension72 += ' | Shown SYFT no Trial_With Missed Paywalled Articles Collection'; } else { _processNormal() } } }); } else { _processNormal(); } } catch (e) { _processNormal(); } }, function () { _processNormal(); }); //console.log('storyCollectionLoad', $); }

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  What Adani’s US indictment means for India Inc’s overseas fundraising

• Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  The problem with lab grown diamonds

• Why a falling rupee is a better option for the economy

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

5Enjoy Complimentary Subscriptions From Top Brands

Stream new documentaries from all across the world every day.

Stories you might be interested in