Gold & Silver Rates Today (23/10/2026) LIVE: MCX Recovers Some Loss, Physical Gold Drops Rs 55,600 In 4-Days

Gold rates and silver rates in India continued to crash further on October 23, 2026, due to weakness in the global bullion market. The crash in MCX silver has intensified by another 2.5% to hit an intraday low of Rs 1.95 lakh mark, while MCX gold also dropped 1% to reach near Rs 1,42,300 in the opening bell of Friday.

Meanwhile, spot gold price is near $4,015 per ounce, edging close to $4,000. Additionally, spot silver has dropped to their lowest level since November 2025 to below $54 per ounce.

Overnight, MCX silver price plunged below Rs 2 lakh for the first time since December 2025, while MCX gold steadied around Rs 1.43 lakh mark. At MCX, silver has taken the worst hit.

Precious metals have taken a worst hit due to elevated crude oil prices. US WTI crude oil surged by 1% to breach $100 per barrel mark and Brent crude rose near $114 per barrel.

Sentiment in precious metals have continued to be under pressure due to West Asia conflict that has sparked fresh buying in crude oil prices which keeps energy crisis and inflationary pressure high, and further indicates at higher US interest rates.

If US Federal Reserve hikes rates again next week, then investors appetite will reduce further on precious metals. At rate hike scenario, dollars and treasury yields become attractive, which reduces appeal for non-yielding assets like safe haven.

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Oct 23, 2026, 2:05 pm IST

Live Silver Rates Today: Silver Prices In Major Cities

City	10 Gram	100 Gram	1 Kg
Chennai	₹2,250	₹22,500	₹2,25,000
Mumbai	₹2,200	₹22,000	₹2,20,000
Delhi	₹2,200	₹22,000	₹2,20,000
Kolkata	₹2,200	₹22,000	₹2,20,000
Bangalore	₹2,200	₹22,000	₹2,20,000
Hyderabad	₹2,250	₹22,500	₹2,25,000
Kerala	₹2,250	₹22,500	₹2,25,000
Pune	₹2,200	₹22,000	₹2,20,000
Vadodara	₹2,200	₹22,000	₹2,20,000
Ahmedabad	₹2,200	₹22,000	₹2,20,000

1Kg silver price is at Rs 2.25 lakh mark in cities like Chennai, Hyderabad and Kerala, while 1Kg silver is available at Rs 2.20 lakh in cities like Delhi, Kolkata, Mumbai, Bangalore, Pune, Ahmedabad, Kerala and Vadodara.

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Oct 23, 2026, 2:04 pm IST

Live Silver Rates Today: Silver Rate Crashes Rs 1,90,000 From January Peak

Following the deep sell-offs, silver price has crashed by Rs 1.90 lakh or 46.34% from its peak level. Silver had touched an all-time high of Rs 4.10 lakh per 1Kg on January 29, 2026. Also, as per Trading Economics, silver remained under pressure from rising oil prices, which heightened inflation concerns and strengthened expectations that interest rates could stay elevated for longer. However, growing doubts about the sustainability of AI investments, a key driver of US economic growth, prompted markets to scale back expectations for further Federal Reserve rate hikes, potentially providing some support for precious metals.

Oct 23, 2026, 2:04 pm IST

Live Silver Rates Today: Silver Prices Crash By Rs 5,000 In India

Gram	Today	Yesterday	Change
1 g	₹220	₹225	-₹5
8 g	₹1,760	₹1,800	-₹40
10 g	₹2,200	₹2,250	-₹50
100 g	₹22,000	₹22,500	-₹500
1,000 g (1 kg)	₹2,20,000	₹2,25,000	-₹5,000

On Friday, silver price stood at Rs 2.20 lakh per 1Kg, down by Rs 5000. This the second consecutive day when silver has fallen by Rs 5,000. Meanwhile, 100 grams and 10 grams silver rates stood at Rs 22,000 and Rs 2,200, registering a decline of Rs 500 and Rs 50. Further, 8 grams silver dipped by Rs 40 to Rs 1,760 and 1 gram silver is lower by Rs 5 to Rs 220.

Oct 23, 2026, 1:25 pm IST

Live Gold Rates Today: Physical Gold Rates Performance In Past 10 Days

Date	24K Gold (10g)	24K Gold (100g)	22K Gold (10g)	22K Gold (100g)
Oct 23, 2026	₹1,42,480 (-₹1,900)	₹14,24,800 (-₹19,000)	₹1,30,600 (-₹1,750)	₹13,06,000 (-₹17,500)
Oct 22, 2026	₹1,44,380 (-₹1,700)	₹14,43,800 (-₹17,000)	₹1,32,350 (-₹1,550)	₹13,23,500 (-₹15,500)
Oct 21, 2026	₹1,46,080 (₹0)	₹14,60,800 (₹0)	₹1,33,900 (₹0)	₹13,39,000 (₹0)
Oct 20, 2026	₹1,46,080 (-₹1,960)	₹14,60,800 (-₹19,600)	₹1,33,900 (-₹1,800)	₹13,39,000 (-₹18,000)
Oct 19, 2026	₹1,48,040 (+₹380)	₹14,80,400 (+₹3,800)	₹1,35,700 (+₹350)	₹13,57,000 (+₹3,500)
Oct 18, 2026	₹1,47,660 (₹0)	₹14,76,600 (₹0)	₹1,35,350 (₹0)	₹13,53,500 (₹0)
Oct 17, 2026	₹1,47,660 (+₹220)	₹14,76,600 (+₹2,200)	₹1,35,350 (+₹200)	₹13,53,500 (+₹2,000)
Oct 16, 2026	₹1,47,440 (₹0)	₹14,74,400 (₹0)	₹1,35,150 (₹0)	₹13,51,500 (₹0)
Oct 15, 2026	₹1,47,440 (-₹820)	₹14,74,400 (-₹8,200)	₹1,35,150 (-₹750)	₹13,51,500 (-₹7,500)
Oct 14, 2026	₹1,48,260 (-₹1,030)	₹14,82,600 (-₹10,300)	₹1,35,900 (-₹950)	₹13,59,000 (-₹9,500)

Before Rs 19,000 crash in 100 grams or Rs 190 crash in 1 gram on October 23rd, 24-carat gold had plunged by Rs 17,000 and Rs 170 on October 22nd. While the prices were down by Rs 19,600 on October 20th. Gold was unchanged on October 21st, while up by Rs 3,800 on October 19th. From October 20th to 23rd, gold price have nosedived by Rs 55,600 in 100 grams.

Oct 23, 2026, 1:24 pm IST

Live Gold Rates Today: 24K, 22, 18K Gold Prices In Major Cities

City	24K Gold (1g)	22K Gold (1g)	18K Gold (1g)
Chennai	₹14,248	₹13,060	₹10,690
Mumbai	₹14,248	₹13,060	₹10,686
Delhi	₹14,263	₹13,075	₹10,686
Kolkata	₹14,248	₹13,060	₹10,686
Bangalore	₹14,248	₹13,060	₹10,686
Hyderabad	₹14,248	₹13,060	₹10,686
Kerala	₹14,248	₹13,060	₹10,686
Pune	₹14,248	₹13,060	₹10,686
Vadodara	₹14,243	₹13,065	₹10,686
Ahmedabad	₹14,243	₹13,065	₹10,686

In cities like Chennai, Mumbai, Kolkata, Hyderabad, Bangalore, Pune and Kerala, 24-carat gold prices are at Rs 14,248 per 1 gram and at Rs 1,42,480 per 10 grams. In these cities, 22-carat gold is priced at Rs 13,060 per 1 gram and at Rs 1,30,600 per 10 grams. But 18-carat gold prices are expensive in Chennai to Rs 10,690 per 1 gram and at Rs 1,06,900 per 10 grams, in the other mentioned cities, gold is available at Rs 10,686 per 1 gram and at Rs 1,06,860 per 10 grams.

Oct 23, 2026, 1:24 pm IST

Live Gold Rates Today: Indian Gold Rates Fall Up To Rs 19,000 On October 23

Gram	24K Gold	22K Gold	18K Gold
1 g	₹14,248 (-₹190)	₹13,060 (-₹175)	₹10,686 (-₹143)
8 g	₹1,13,984 (-₹1,520)	₹1,04,480 (-₹1,400)	₹85,488 (-₹1,144)
10 g	₹1,42,480 (-₹1,900)	₹1,30,600 (-₹1,750)	₹1,06,860 (-₹1,430)
100 g	₹14,24,800 (-₹19,000)	₹13,06,000 (-₹17,500)	₹10,68,600 (-₹14,300)

24-carat gold price declined by Rs 19,000 to Rs 14,24,800 per 100 grams and dropped by Rs 1,900 to Rs 1,42,480 per 10 grams on October 23, 2026. 22-carat gold price plunged by Rs 17,500 to Rs 13,06,000 per 100 grams and slipped by Rs 1,750 to Rs 1,30,600 per 10 grams mark. In case of 18-carat, gold prices are down by Rs 14,300 to Rs 10,68,600 per 100 grams and tumbled Rs 1,430 to Rs 1,06,800 per 10 grams.

Oct 23, 2026, 12:48 pm IST

Live Silver Rates Today: Why AI Fears Are The Reason For Decline In Silver?

Deepening of selloffs in technology and artificial intelligence stocks. Mega tech companies like Meta, SpaceX and Tesla have declared their earnings, and all three have raised their capital expenditure, reportedly targeted towards AI spending. Where gold is more safe-haven and purely monetary asset, silver is both a precious metal and an industry commodity -- and they both react differently to the same news.

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Oct 23, 2026, 12:47 pm IST

Live Gold Silver Rates Today: Spot Silver Crashes Harder Than Gold

Spot silver has been rundown by bears stubbornly this week. On October 23, 2026, spot silver tank below $54 per ounce mark, hitting its lowest level since November 2025. On month-on-month basis, spot gold crashed 5.94%, and spot silver nosedived harder by 14.83% so far.

Oct 23, 2026, 11:05 am IST

Live Silver Rates Today: Spot Silver Hits Lowest Level Since November 2025

Silver prices fell to around $54 an ounce on Friday, hitting their lowest levels since November 2025 as a deepening selloff in technology and artificial intelligence stocks prompted traders to liquidate precious metals to cover losses in other assets. The broader equity downturn intensified this week after Meta Platforms’ plans to increase capital expenditure reignited concerns that technology companies may take on additional debt to fund the AI buildout, as per Trading Economics.

Oct 23, 2026, 11:05 am IST

Live Gold Rates Today: Spot Gold Struggles Around $4,000

Spot gold is currently trading around $4,023 per ounce, which is its lowest level in three months due to deepening selloff in technology and artificial intelligence stocks prompted traders to liquidate precious metals to cover losses in other assets.

Oct 23, 2026, 10:49 am IST

Live Silver Rates Today: MCX Silver Price Predictions Today

MCX silver opened with a sharp gap down near ₹196,590 and is trading around ₹196,050, down 1.78%, extending its decline below the ₹200,000–₹202,000 support zone. This range now acts as immediate resistance, followed by ₹206,000–₹208,000. On the downside, support lies at ₹192,000–₹194,000, with the next support zone at ₹183,000–₹185,000. The RSI, near 24, is deep in oversold territory, while the MACD remains below its signal line, indicating that selling pressure has yet to ease. Domestic silver is tracking the decline in COMEX prices, with the rupee’s recent weakness offering only a partial offset. International spot silver fell more than 5% on Thursday, reflecting mounting pressure on the precious metal amid concerns over growth and the interest-rate outlook. Although the RSI signals deeply oversold conditions, this alone is insufficient to confirm a reversal. The near-term bias remains bearish, with a sustained move above ₹200,000–₹202,000 needed to stabilise prices. A decisive break below ₹192,000–₹194,000 could extend the decline towards ₹183,000–₹185,000: Ponmudi R, CEO of Enrich Money.

Oct 23, 2026, 10:48 am IST

Live Gold Rates Today: Technical Outlook For MCX Gold

MCX gold opened with a gap down near ₹142,060 and is trading around ₹142,450, down 0.60%, recovering modestly from the opening low. The ₹143,000–₹143,700 range, which previously acted as support, now forms immediate resistance, followed by ₹145,300–₹146,000. On the downside, support lies at ₹140,000–₹141,000, with the next support zone at ₹137,500–₹138,300. The RSI, near 32, is approaching oversold territory, while the widening negative MACD histogram indicates persistent downside momentum. MCX gold is outperforming domestic silver and declining less than COMEX gold, as silver faces greater pressure from concerns over industrial demand and global growth. Meanwhile, the rupee’s 0.4% decline on Thursday to around 94.82 against the US dollar is providing a partial cushion to domestic gold prices by offsetting some of the weakness in international markets. The near-term bias remains bearish, with a sustained move above ₹143,000–₹143,700 needed to stabilise prices. A decisive break below ₹140,000–₹141,000 could expose gold to further losses towards ₹137,500–₹138,300: Ponmudi R, CEO of Enrich Money.

Oct 23, 2026, 10:46 am IST

Live Gold Silver Rates Today: MCX Commodities Trade Mixed

Except for copper and crude oil prices which gained by 0.2% and 0.7%, all other commodities at MCX are trading under pressure. Silver and natural gas have taken the worst hit with 2% decline each, followed by cardamom which dropped 0.5%. Gold, zinc and lead are down by 0.4% to 0.9%.

Oct 23, 2026, 10:45 am IST

Live Silver Rates Today: MCX Silver Price Falls Below Rs 1.93 Lakh Mark

MCX silver has touched an intraday low of Rs 1,92,800 per 1Kg in the opening bell. Currently, MCX Silver traded around Rs 1.95 lakh mark and has plunged by Rs 4,550 or 2.3%, taking worst hit than gold.

Oct 23, 2026, 10:45 am IST

Live Gold Rates Today: MCX Gold Falls Rs 1,300

MCX gold price has dropped below Rs 1.42 lakh mark to hit an intraday low of Rs 1,41,806 per 10 grams. At the time of writing, gold struggled around Rs 1.42 lakh level and had declined by almost Rs 1,300 or 0.9%. This is because of spot gold that is nearing $4,000 level.