One Year Lows: Silver crash, now below $50, Gold Drops 3.6% to $3,875: India Futures at ₹1,41,181
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
International spot gold fell 3.62% to settle at $3,875.84 per ounce on Friday, while spot silver plunged 6% to $47.50 per ounce, dragging both precious metals to 52-week lows globally.
The sharp international rout triggered an immediate ripple effect across domestic trading, pulling MCX gold futures down 0.99% (a decline of ₹1,415) to ₹1,41,181 per 10 grams and crushing MCX silver futures by 5.29% (down ₹10,015) to close at ₹1,79,438 per kg.
The unwinding of long positions across global commodity desks followed hawkish signals from the US Federal Reserve and persistent US inflation concerns, which pushed investors toward expectations of higher-for-longer interest rates.
MCX Futures Hit Multi-Month Troughs as Global Spot Tumbles
The sell-off in London and New York dictated price action on domestic exchanges from the opening bell through Friday evening's settlement:
- Gold Futures (MCX): Slipped 0.99% (down ₹1,415) to close at ₹1,41,181 per 10 grams.In international markets, spot gold tumbled below $3,900 to touch $3,875.84 per ounce—marking its lowest level since October 2025 (a 52-week low).The metal finished October down over 7% for the month.
- Silver Futures (MCX): Plunged 5.29% (a single-session loss of ₹10,015) to settle at ₹1,79,438 per kg.Overseas spot silver collapsed beneath the $50 benchmark to $47.50 per ounce—also hitting a 1-year low.Silver ended October down nearly 18.8% for the month.
Industrial Jitters Drive Heavy Silver Liquidations
Silver experienced far greater damage than gold due to its double exposure as a financial safe haven and an industrial feed metal. Weakening global factory output metrics combined with rising energy costs and persistent inflation prints to accelerate institutional dumping.
Traders are now tightly focused on upcoming US Personal Consumption Expenditures (PCE) data to evaluate whether central bankers will maintain elevated benchmark interest rates into the final quarter.
