Gold, Sliver Price Crash: Gold Falls Rs 2,800, Silver Drops Over Rs 6,000 as Market Opens
New Delhi, 28th September 2026: Gold and silver prices fell sharply as soon as the market opened on Monday, 28 September . Gold dropped by around ₹2,800, while silver declined by more than ₹6,000, putting buyers and investors on alert.
The fall comes at a time when precious metals are facing pressure in the global market. Rising bond yields, higher interest-rate expectations and a stronger US dollar have reduced investor interest in assets such as gold and silver.
Gold prices across 24-carat, 22-carat and 18-carat categories have declined. However, the final price can vary from one city to another because of local taxes, jeweller margins and other charges.
Silver witnessed an even steeper fall, with prices dropping by more than ₹6,000. Silver prices are influenced not only by investment demand but also by industrial demand, global economic conditions and movements in the dollar.
One of the main reasons behind the fall is the rise in US bond yields. When bond yields increase, investors may prefer interest-generating assets over gold and silver, which do not provide regular interest income.
The US dollar has also strengthened, with the dollar index rising to around 101. A stronger dollar usually puts pressure on gold and silver because both metals are traded internationally in US dollars. When the dollar becomes stronger, these commodities become more expensive for buyers using other currencies.
The rise in US Treasury yields has also affected sentiment in the precious-metals market. The 10-year US Treasury yield has moved close to its highest level since 2024, adding to the pressure on gold prices.
Despite Monday’s sharp fall, prices may remain volatile. Anyone planning to buy gold or silver should check the latest city-wise rates before making a purchase.
It is also important to remember that the market rate and the final jewellery price are not the same. Making charges, GST and other fees are added to the price of gold jewellery, which can significantly increase the final bill.
Buyers should compare prices at two or three jewellers and check the purity, making charges and buyback terms before completing a purchase.
