Silver Prices Drop in Major Indian Cities After Gold Decline

Silver prices fell sharply in India on October 23, 2026, with futures on the Multi Commodity Exchange dropping 2.57 percent to 194,466 rupees per kilogram, down from the previous session's 199,599 rupees. In Delhi, the spot price declined to 207,500 rupees per kilogram, the lowest in ten months, while international prices traded at 53.995 dollars per ounce on Comex. Gold also fell 0.78 percent to 4,000.80 dollars per ounce. The decline follows expectations of a US Federal Reserve rate hike due to rising crude oil prices and inflation concerns, which have negatively impacted precious metals this week.