{
  "type": "article",
  "title": "Domestic Gold Futures Slide ₹1,120 While Silver Sees Narrow Fluctuations",
  "summary": "Gold fell to ₹1,49,270 per 10 grams on MCX during Monday trading, while silver moved in a narrow band around ₹2,26,178 per kilogram ahead of key policy cues.",
  "content": "Trading in domestic precious metals kicked off the week with divergent trends as bullion prices saw sharp swings. On 5 October 2026, gold futures on the Multi Commodity Exchange (MCX) registered a drop of more than 0.70 percent, whereas silver hovered within a tightly bound range, reflecting a mild movement of 0.13 percent. Market participants maintained a cautious stance ahead of major domestic and international macroeconomic triggers.\n\nGold Erases Early Gains to Trade Down at ₹1,49,270\nThe yellow metal initially began Monday's session on a positive note. After closing at ₹1,50,390 per 10 grams on Thursday of the previous week, gold opened ₹807 higher at ₹1,51,197 per 10 grams. However, this early momentum was quickly overtaken by selling pressure, sending prices tumbling into negative territory. By roughly 11:22 AM, December 4 contract gold on the MCX dropped by ₹1,120, or 0.74 percent, to trade at ₹1,49,270 per 10 grams.\n\nAcross the session, gold fluctuated between an intraday peak of ₹1,51,197 per 10 grams, which was also its opening level, and an intraday low of ₹1,48,850 per 10 grams. Compared to Thursday's final settlement figure, the contract experienced an intraday decline of as much as ₹1,540.\n\nSilver Tracks Modest Swings in Controlled Range\nIn contrast to gold's steeper slide, silver maintained a comparatively steady trajectory. The metal had concluded the previous Thursday at ₹2,25,877 per kilogram before opening on Monday with a slight uptick of ₹23 at ₹2,25,900 per kilogram. Later in the session, December 4 delivery silver stood at ₹2,26,178 per kilogram, marking a movement of ₹301, or 0.13 percent.\n\nDuring the day's trade, silver touched an intraday high of ₹2,26,999 per kilogram and an intraday bottom of ₹2,25,900 per kilogram. In relation to Thursday's close, the commodity fluctuated between being down by ₹276 and moving up by ₹301.\n\nGeopolitical Headwinds and Central Bank Policy in Focus\nCommodity market analysts highlighted that heightened price volatility is likely to persist across the bullion segment throughout the week. Shifts in the US dollar index and ongoing frictions between the United States and Iran have clouded market projections, keeping commodity traders vigilant.\n\nOn the domestic front, investor attention is focused on Wednesday's monetary policy announcement from the Reserve Bank of India (RBI), where expectations point to a potential 0.25 percent hike in the benchmark repo rate. In addition to the interest rate trajectory, upcoming global service PMI figures from leading economies, US trade statistics, and consumer sentiment surveys are set to provide further direction to precious metal valuations.\n\nWhat this means for you\nA drop of ₹1,120 per 10 grams in gold futures offers immediate cost relief for prospective jewellery buyers while increasing caution for derivatives traders.\n\n• Across India for Jewellery Buyers: The downward movement in gold futures could translate into slightly softer retail prices for wedding and festive purchases. However, with silver remaining largely range-bound, buyers of both metals will need to plan their budgets separately.\n• For Commodity Futures Traders: Intraday swings reaching up to ₹1,540 in gold demand disciplined margin and stop-loss management. Heightened price divergence makes holding overnight speculative contracts riskier.\n• For Borrowers and Loan Applicants: A possible 0.25 percent interest rate hike by the Reserve Bank of India on Wednesday could elevate borrowing costs on consumer and home loans. Borrowers should anticipate an increase in their monthly EMI burdens if the repo rate rises.\n• For Portfolio Investors: Persistent international geopolitical tension ensures that bullion retains its strategic appeal as a portfolio hedge. Investors may choose gradual accumulation rather than lump-sum commitments until key economic prints are released.\n\nWhy this happened\nThe sudden slump in gold prices was driven by profit-taking at higher opening levels combined with caution ahead of crucial central bank announcements.\n\n• Profit Booking After Strong Opening: Gold initially opened higher by ₹807 at ₹1,51,197 per 10 grams before heavy selling dragged prices down to an intraday trough of ₹1,48,850. The rapid reversal erased all morning gains.\n• Currency Swings and Geopolitical Strain: Volatility in the US dollar index alongside friction between the United States and Iran created uncertain conditions for global asset allocators. This prompted short-term traders to liquidate positions in futures markets.\n• Anticipation of RBI Rate Action: Projections that the Reserve Bank of India could raise the benchmark repo rate by 0.25 percent on Wednesday dampened bullion sentiment. Prospective rate hikes typically curb the appeal of non-yielding physical and paper assets.\n• Pending Macroeconomic Data Releases: Traders held back large commitments in anticipation of upcoming service PMI prints from major economies, US trade figures, and consumer sentiment reports. These metrics are expected to determine the broader direction of bullion.\n\nQuestions & Answers\n\n1. What was the gold price on MCX on 5 October 2026?\nGold for December 4 delivery was trading down by ₹1,120 at ₹1,49,270 per 10 grams on the MCX.\n\n2. What was the intraday price range for gold on Monday?\nGold touched an intraday high of ₹1,51,197 per 10 grams and fell to an intraday low of ₹1,48,850 per 10 grams.\n\n3. How did silver prices perform during the session?\nSilver for December 4 delivery fluctuated by ₹301, trading at ₹2,26,178 per kilogram on the MCX.\n\n4. At what price did silver open on Monday?\nSilver opened with a modest uptick of ₹23 at ₹2,25,900 per kilogram compared to its prior close.\n\n5. What major global factors are influencing bullion prices this week?\nMovements in the US dollar index, geopolitical friction between the US and Iran, and impending macroeconomic prints are driving market volatility.\n\n6. What domestic policy event are commodity investors watching?\nMarket participants are awaiting the Reserve Bank of India's monetary policy announcement, where a 0.25 percent rate hike is anticipated.",
  "url": "https://trendkia.com/en/business/gharelu-vayada-bajara-men-gold-1-120-tuta-silver-men-simita-ghata-barha-43143",
  "category": "Business",
  "publishedAt": "2026-10-05",
  "tags": [
    "Gold Price",
    "Silver Price",
    "MCX",
    "RBI Monetary Policy",
    "Bullion Market",
    "Commodity Market"
  ],
  "language": "en",
  "site": "TrendKia"
}