Gold and silver prices fall in India on Sept 29; check rates in Kochi, Chennai, Bengaluru, Delhi

english.mathrubhumi.com —

Gold and silver prices in India fell for a second consecutive session on September 29, 2026, driven by surging crude oil and geopolitical tensions in West Asia. Spot metals dropped to seven-week lows amid broad risk-off sentiment. Iran's rejection of a US peace proposal triggered the crude spike, deepening technical selling as gold broke Fibonacci support levels. On MCX, gold futures fell below ₹1,50,000 per 10 grams, while silver slipped under ₹2,30,000 per kilogram. Retail rates varied by city, with Chennai recording the highest gold at ₹14,908 per gram for 24K. Silver traded around ₹240 per gram nationwide, with regional transport costs causing minor variations.


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