Gold futures in India fell to ₹1,50,219 per 10 gram as demand showed signs of weakness, marking a decline in market interest.
Gold futures in India have declined to ₹1,50,219 per 10 grams on the Multi Commodity Exchange (MCX), reflecting a decrease in demand. This drop comes after a previous rise attributed to strong spot demand, highlighting the volatility in the gold market.
Recent data has shown that retail gold prices are in decline across major cities, driven by external factors affecting market stability. On 12 October 2026, the price for 24-carat gold was marginally down, trading at ₹1,51,100 per 10 grams. This change in value indicates a broad trend that reflects buyers’ hesitance influenced by global events.
In addition to gold, silver prices are also falling, with 999 silver rates trading around ₹2,25,770 per kg, highlighting a broader weakness in the precious metals market.
Analysts attribute the disappointing demand for gold to several economic factors, including shifts in retail inflation. In September, India reported retail inflation rising to 5.54% from 4.83% in August, which can pressure consumers and impact purchasing decisions.
However, on a global scale, the People’s Bank of China made significant purchases, adding about 23 tonnes of gold in September. This marked the bank’s largest monthly acquisition in nearly three years, indicating that central banks may still see gold as a secure investment amid fluctuating global markets.
As market conditions continue to evolve, investors are advised to monitor both domestic and international trends that could influence gold and silver prices. While the recent losses may unsettle short-term traders, long-term forecasts may vary with ongoing geopolitical developments and economic indicators.
