30-Oct-2026 21:30:46
Gold, Silver Crash on MCX: December Gold Falls 2.82%, Silver Plunges 5.10%
Gold and silver futures tumbled on October 30 amid global bullion selling. On MCX, December gold futures fell 2.82% to ₹1,38,573 per 10 grams, while December silver futures plunged 5.10% to ₹1,79,788 per kg. Persistent US inflation, rising oil prices and growing expectations of a Federal Reserve rate hike have pressured precious metals, which offer no interest income. Weak global prices and selling across financial markets added to the decline.