Silver price fell by 2.40 lakh rupees in 10 months, reaching the mark of 7000 rupees

For those planning to invest or make purchases of gold and silver during the holiday season, a favorable opportunity has arisen as prices for gold and silver are falling daily. Against the backdrop of a downturn in the stock market, the futures price of silver on the Multi Commodity Exchange (MCX) sharply decreased again on Wednesday.

The drop was significant: the futures price for 1 kilogram of silver plummeted by more than 1800 rupees, and now this precious metal is selling for over 2.25 lakh rupees less than its peak level.

Analyzing the silver prices on MCX revealed that on Wednesday, the third working day of the week, silver opened with a decline. The price fell from 196,717 rupees to 194,901 rupees per kilogram. Thus, at the opening, 1 kg of silver became cheaper by 1816 rupees.

October proved to be a favorable month for investing in gold and silver. This is confirmed by the constant decrease in prices observed throughout the month compared to the last working day of September. Specifically, on September 30, the futures price for 1 kg of silver was 223,706 rupees, and by Wednesday, it had decreased by 28,805 rupees per kilogram.

Following the continuous decline in silver prices, this precious metal is available at a price that is less than half of its historical high. At the end of January this year, the price of silver reached an all-time high, exceeding 4 lakh rupees and touching the mark of 4,20,048 rupees. However, after this, a continuous collapse in prices began, and compared to the current price, silver is cheaper by 2,25,147 rupees per kilogram.

While the price of silver continues to fall, the value of the precious yellow metal, gold, is also decreasing. On the previous working day, it closed at a price of 144,138 rupees per 10 grams, and at the start of trading on Wednesday, the price dropped to 143,468 rupees. This means that gold became cheaper by 670 rupees per 10 grams. Regarding changes in gold prices in October, the MCX Gold Rate on September 30 concluded at 149,036 rupees per 10 grams, and the current price is lower by 5568 rupees.

In addition to the MCX Gold-Silver Rate, it is worth noting the changes in gold and silver prices in the domestic market. According to data from the Indian Bullion Jewelers Association (IBJA.Com) website, the price of 1 kg of silver is 1.94 lakh rupees. Meanwhile, the price of 10 grams of 24-carat gold is set at 1,42,300 rupees. Prices for other purities of gold are as follows: 22 carat — 1,41,730 rupees, 20 carat — 1,30,347 rupees, 18 carat — 1,06,725 rupees, and 14 carat — 83,246 rupees per 10 grams.

In recent days, there has been a significant decline in the prices of gold and silver. This sluggishness continues at the beginning of the current week. The price of silver has fallen particularly sharply, dropping on the MCX exchange by ₹2.25 lakh per kilogram from its historical high. In contrast, the price of gold has been trading in the green zone since the start.

Silver price falls below ₹2 lakh mark

Regarding the decrease in silver's value, a drop was recorded for silver on the MCX on Monday, although the rate of decline was slower than in previous days. During this period, the precious metal fluctuated between green and red zones. During the initial trading session, the price of silver with a December 4 expiry fell to 1,94,662 rupees. Last Friday, this metal closed at a price of 1,95,719 rupees per kilogram, which represents a decrease in the silver price by 1057 rupees per kg.

Silver becomes significantly cheaper compared to the peak

The recent initial drop in the price of silver on Monday has made this precious metal even more affordable compared to its peak level in the futures market. In fact, during the last week of January 2026, the price of 1 kg of silver reached an all-time high of 4,20,048 rupees, and since then, its value has decreased by 2,25,386 rupees (Silver Cheaper).

Silver situation in the global market

In the international market, silver prices have fallen to $53 per ounce, which is the lowest level since November 2025. This metal has decreased by approximately 55% from its peak. This sharp decline amid weak global signals has reduced hopes for a quick recovery.

According to Pinky Yadav, a commodity fundamental analyst from Choice Broking, silver prices are fluctuating due to a major sell-off in the stock market, as investors liquidate precious metals to cover losses on technology stocks. She also noted that a strong dollar, rising bond yields, and tensions in the Middle East have amplified inflation concerns, putting pressure on silver.

Also note the price of gold

Speaking of gold after silver, unlike the fall in silver prices, gold has been trading in the green zone since opening. On the MCX during futures trading, the price of 10 grams of 24-carat gold reached 1,43,100 rupees, whereas last Friday this yellow metal paid closed at 1,42,024 rupees.

Over the past two months, there has been a substantial decrease in the prices of gold and silver. The drop has been so significant that silver has fallen below the 200,000 rupee mark per kilogram, while gold has reached a level of 142,000 rupees per 10 grams. Consequently, discussions have arisen regarding whether the current moment is suitable for purchasing these metals.

Gold price fell by 24,000 rupees

The value of gold on the MCX exchange experienced a sharp decline. If the price was 165,600 rupees on August 24, it decreased to 142,150 rupees by October 23, representing a loss of 23,450 rupees in just two months. Furthermore, in October alone, the price of gold fell by 8,000 rupees.

Silver price fell by 54,000 rupees

Similar to gold, silver prices also experienced a significant decrease. On August 24, silver cost 251,000 rupees per kilogram on the MCX, but by October 23, the price had reduced to 196,000 rupees. Thus, over two months, silver lost 55,000 rupees. During October itself, silver dropped by 30,000 rupees.

How much have gold and silver prices fallen from record highs?

The prices of both metals have shown a significant decline relative to their historical highs. Gold, whose record high is 193,000 rupees, has fallen by 51,000 rupees from this mark. Silver, whose record high reached 420,000 rupees, is 224,000 rupees cheaper than its peak value.

Reasons for the fall in gold and silver prices?

The article raises the question of the reasons behind the decline in precious metal prices.

Is it worth buying gold now?

Those planning purchases during the holiday season are advised to buy gold and silver in installments rather than with the entire sum at once, as the probability of further price drops remains. Investors are advised to invest in gold in small portions during each dip and maintain a long-term strategy.