Negative impactCommodity
Gold declines over ₹1,000 per 10 grams, silver tumbles ₹4,191 per kg on MCX
CNBC-TV18 1 hr ago·23 Oct 2026, 7:05 am
Gold and silver prices on the Multi Commodity Exchange (MCX) fell sharply, with gold dropping over ₹1,000 per 10 grams and silver tumbling ₹4,191 per kg. This decline was driven by a combination of factors, including weaker demand in the physical market, increased selling pressure, and rising crude oil prices. Additionally, concerns regarding US interest rates contributed to the bearish sentiment in the precious metals market.
For investors, this drop highlights the volatility often seen in commodity markets, which can be influenced by global economic indicators and geopolitical events. The decline in precious metals may prompt investors to reassess their portfolios, especially those holding these assets for hedging or long-term growth. Keeping an eye on global economic data and central bank policies will be crucial for understanding future price movements.
Excerpt from CNBC-TV18
Published On Oct 23, 2026 | 12:35 IST Last Updated On Oct 23, 2026 | 12:35 IST Gold and silver futures dropped on MCX due to weak spot demand, selling pressure, rising crude oil, and US rate hike fears. December silver fell 2.1% to ₹1.95 lakh/kg and gold lost 0.86% to ₹1.42 lakh/10g. Festive demand may offer support…Read the original at CNBC-TV18
Affected stocks
Bearish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Multi Commodity Exchange of India (MCX).
- Category: Commodity.
- AI reads the tone as negative (potentially bearish) for the stock.
Why it matters
A routine update for Multi Commodity Exchange of India. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
