The price of one kilogram of silver has slipped below the ₹2 lakh per kg mark for the first time in last 10 months. Silver prices had crossed the ₹2 lakh mark for the first time on December 17, 2025. After nearly 10 months, prices have now fallen below this level. Earlier, gold and silver prices fell for the third consecutive trading day on 22 October, 2026. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold declined by ₹1,411 to around ₹1.43 lakh. While the price of one kilogram of silver fell by ₹7,006 to ₹1,99,777. Over the past three days, gold prices have dropped by around ₹3,732, while silver has become cheaper by ₹11,141. According to commodity expert Ajay Kedia, the strengthening of the rupee against the US dollar and rising crude oil prices are among the factors influencing the market. Gold Falls by ₹8,000 and Silver by ₹15,000 in September Gold and silver prices also declined in September. Gold became cheaper by around ₹8,000, while silver prices fell by ₹15,000. On August 31, gold was priced at ₹1.56 lakh per 10 grams. By September 30, the price had fallen to ₹1.48 lakh. Similarly, the price of one kilogram of silver declined from ₹2.37 lakh to ₹2.22 lakh during the month. Will the Price Decline Continue? Experts believe gold and silver prices may remain volatile in the near term. US interest rates: The US Federal Reserve has raised interest rates for the first time in three years, putting pressure on gold prices. Geopolitical tensions: The US-Iran conflict and economic uncertainty could support gold prices. Investors may turn to gold again as a safe-haven investment. Investment outlook: Investors should remain cautious as signs of weakness persist in the market. However, a sharp fall in prices could also create buying opportunities. 4 Ways to Identify Real Silver Magnet Test: Real silver does not stick to a magnet. If it sticks, it is fake. Ice Test: Place ice on the silver. On real silver, the ice melts rapidly. Smell Test: Real silver has no odor. Fake silver usually smells like copper. Cloth Test: Rub the silver with a soft white cloth. If a black mark appears on the cloth, it is real. Post navigation Today is last day to subscribe to Jio’s IPO:More than 6 times the bids received so far, returns of over 20% possible IndiGo extends suspension of Saudi Arabia-bound flights:Air travel to Riyadh suspended till 31 Oct; passengers to get full refund
