Gold Rates & Silver Rates Today (24/10/2026) LIVE: Spot Gold Below $4,000, Silver Price Down 1%; Know 24K, 22K, 18K Gold Prices
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Gold rates and silver rates in India on Saturday are likely to continue on the falling trend, as spot gold is now below $4,000 and spot silver has plunged below $54 per ounce. Meanwhile, crude oil prices continue to be elevated, with US WTI crude above $103 per barrel and Brent crude nearing $117 per barrel. Crude oil prices surged by 3-4% yesterday.
The market focus will now be shifted towards the upcoming US Federal Reserve’s policy outcomes on October 28 where market is predicting that Kevin Warsh keep the rates unchanged.
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Gold is at its lowest level since mid-July and recorded a weekly decline of 4%, while silver has touched their lowest level since November 2025.
Brent crude surged to a four-year high after Houthi attacks in Saudi Arabia heightened concerns over further energy supply disruptions. Meanwhile, recent US data showed consumer and producer inflation rising more than expected, largely driven by higher energy costs, reinforcing concerns over persistent inflationary pressures. Despite this, Federal Reserve officials are widely expected to leave interest rates unchanged at their October 27-28 meeting. Markets currently price in just a 10% chance of a rate hike next week, compared with odds of around 80% for December, according to CME’s FedWatch Tool. Investors now await US PCE inflation data due October 29 for further clues on progress towards the Fed’s 2% inflation target, as per Trading Economics.
The decline comes as a good deal to buyers who are looking to buy a piece of gold during the Diwali festival. The demand for yellow metal is high, usually during Dhanteras and Laxmi Pujan of Diwali, as they are seen as auspicious moment for investors.
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Oct 24, 2026, 9:04 am IST
Live Silver Rates Today: Spot Silver Lowest Since November 2025
Silver prices tumbled below $54 an ounce on Friday, reaching their lowest level since November 2025 as rising oil prices strengthened expectations that US interest rates will remain higher for longer. Brent crude climbed to a four-year high after Houthi attacks in Saudi Arabia heightened concerns over further energy supply disruptions. Meanwhile, hotter-than-expected US consumer and producer inflation data last week, largely driven by rising energy costs, reinforced the case for tighter monetary policy, as per Trading Economics.
Oct 24, 2026, 9:04 am IST
Live Gold Rates Today: Spot Gold Below $4,000
Spot gold has dropped by 4% on week-on-week performance to reaching below $4,000 mark at $3,993.96 per ounce. Gold is now at its lowest level since mid-July. As per Trading Economics, recent US data showed consumer and producer inflation rising more than expected, largely driven by higher energy costs, reinforcing concerns over persistent inflationary pressures. Despite this, Federal Reserve officials are widely expected to leave interest rates unchanged at their October 27–28 meeting. Markets currently price in just a 10% chance of a rate hike next week, compared with odds of around 80% for December, according to CME’s FedWatch Tool. Investors now await US PCE inflation data due October 29 for further clues on progress towards the Fed’s 2% inflation target.
