Gold and silver prices fluctuate amid US Dollar strength

gold prices silver prices bullion market MCX commodity rates

Gold and silver prices in the Indian domestic market have experienced significant volatility between September 23 and September 24, 2026. On September 24, gold prices saw a decline, with 24-carat gold dropping to approximately ₹1,52,090 per 10 grams. Silver also faced downward pressure, with rates falling to around ₹2,36,080 per kilogram.

Market analysts attribute the fluctuations in gold prices to a strengthening US Dollar and hawkish monetary policy signals from Federal Reserve officials, which increase the attractiveness of interest-bearing assets over non-yielding gold.

While gold faced downward trends in recent sessions, silver has shown instances of strength driven by industrial demand, particularly in the green energy, solar, and electric vehicle sectors. On the Multi Commodity Exchange (MCX), gold and silver rates have fluctuated closely with international COMEX trends, influenced by global economic indicators and US Treasury yields.

Entities

COMEX · Delhi · Federal Reserve · Multi Commodity Exchange · Mumbai

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The price of silver saw a reduction of 3,890 rupees compared to September 23. navabharat.com · navbharatlive.com
[● 2 SOURCES] The strengthening of the US dollar is cited as a primary reason for the downward pressure on precious metal prices. navabharat.com · navbharatlive.com
[● 2 SOURCES] International gold prices fell by 1.43 percent to 4,277.29 dollars per ounce. navabharat.com · navbharatlive.com
[○ 1 SOURCE] Increased demand in the green energy, solar PV, and electric vehicle sectors is driving silver prices. newsindialive.in
[● 2 SOURCES] Hawkish statements from Federal Reserve officials have influenced market expectations regarding interest rates. navabharat.com · navbharatlive.com
[● 2 SOURCES] International silver prices dropped by 3.20 percent to 63.88 dollars per ounce. navabharat.com · navbharatlive.com
[● 2 SOURCES] The price of 24-carat gold fell to 1,52,090 rupees per 10 grams by 9:00 AM on September 24. navabharat.com · navbharatlive.com
[● 2 SOURCES] Silver prices decreased to 2,36,080 rupees per kilogram on September 24. navabharat.com · navbharatlive.com