NewsSignals AI analysis·CNBC TV18·Oct 23, 2026

Gold declines over ₹1,000 per 10 grams, silver tumbles ₹4,191 per kg on MCX

Grade Bbearish AI signal$XAU$XAG

Gold and silver futures tumbled on India's MCX as weaker spot demand, rising crude oil prices and expectations of prolonged high US interest rates pressured precious metals. December silver futures plunged 2.1% to ₹1.95 lakh per kg, while December gold futures fell 0.86% to ₹1.42 lakh per 10 grams, with both metals also declining in international markets. Further hawkish Federal Reserve signals could intensify selling pressure, although India's festive and wedding-related demand may help cushion domestic bullion prices.

Bullish strength: 25/100

Festive and wedding-related purchases in India could support domestic gold and silver demand.
Global uncertainties may sustain the long-term appeal of precious metals as stores of value.

Bearish strength: 75/100

MCX December silver futures fell 2.1% to ₹1.95 lakh per kg.
MCX December gold futures declined 0.86% to ₹1.42 lakh per 10 grams.
Rising crude oil prices are intensifying inflation concerns and expectations of prolonged elevated US interest rates.
Weaker spot demand and selling pressure are weighing on bullion prices.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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