Gold Rates & Silver Rates Today (1/10/2026) LIVE: MCX Gold Up Rs 1,000, Silver Price Jumps Rs 2,200; Know 24K, 22K, 18K Gold Prices
News
Gold rates and silver rates in India rallied sharply on Thursday, October 1, 2026, as crude oil prices fell sharply as crude shipments reached pre-Covid levels. In the early hours, MCX gold reclaimed Rs 1.50 lakh mark before pulling back slightly but trading on a positive note. Meanwhile, MCX silver reclaimed Rs 2.26 lakh and traded higher by 1%. This followed the strong buying trend in spot gold which gained by 1% to trade above $4,175 per ounce. Also, spot silver outperformed by 1.20% to trade around $61 per ounce.
On the other hand, both US WTI crude and Brent crude oil futures dropped by 1% to 1.5% to trade below $90 per barrel and $96 per barrel. As per the Trading Economics report, crude shipments from the region were nearing pre-war levels after Saudi Arabia restored half the capacity of its East-West pipeline, while flows through the Strait of Hormuz climbed to 13.2 million barrels per day. However, markets remain cautious about the durability of the recovery without a lasting agreement to end the Iran war, with both Tehran and Washington claiming full control over the strategic waterway.
/img/2026/10/goldsilverratestoday16-47051790828378.jpg)
Apart from this, there has been a sharp decline in the market’s prediction of rate hikes. The probability has now fallen to 38% in the October policy from earlier 51% and 70% odds. The latest US PCE price index rose 0.3% in August below street estimates of 0.4%, while core PCE increased 0.2% also below the estimate of 0.3%. The headline PCE inflation came in at 3.4% from below market estimates of 3.7%, calming investors’ concern of rate hikes.
In India, the gold demand will be stirred due to upcoming festivals like Navratri. Also, RBI’s October policy outcomes will impact precious metals.
LIVE Feed
