Gold and silver are metals whose prices are notoriously unpredictable. Yesterday—Monday, September 28—saw a sharp decline in the prices of both gold and silver. While gold dropped by up to ₹4,000, silver fell by as much as ₹7,500. Given this, knowing today's rates is crucial.

**How ​​much did prices fall in the international market? ****
Prices for both gold and silver have plummeted in the international market, specifically on Comex. According to Comex data available at the time of writing, gold fell by 0.05%, with the price reaching $4,166.40 per ounce. Meanwhile, silver prices dropped by 1.13%, trading at $61.020 per ounce.

**What are the prices in the domestic market?**
Prices for both gold and silver also saw a decline in the domestic bullion market. In the domestic market, gold was seen trading at around ₹1.48 lakh per 10 grams. Similarly, silver prices fell to trade at approximately ₹2.26 lakh per kilogram.

**Where did gold stand on MCX?**
On the Multi Commodity Exchange (MCX), as of the time of writing, gold for October delivery fell by ₹122, trading at ₹1,48,860 per 10 grams. Silver dropped by ₹1,400, reaching a price of ₹2,26,306 per kilogram.

**Check the rates before buying?** 

Gold and silver prices dropped as the market opened today; 24-carat gold is trading at approximately ₹147,570 per 10 grams, while 22-carat gold is hovering around ₹135,273 per 10 grams. Meanwhile, 18-carat gold is trending near ₹110,678 per 10 grams. Silver prices in India were seen trading at around ₹226,240 per kilogram.

Did a proposal by US President Trump cause the crash in gold and silver prices?
Akshat Siddhant, Lead Quant Analyst at the investment platform Mudrex, stated that gold fell below $4,200 per ounce yesterday (Monday) after US President Donald Trump rejected a proposal from Iran. Iran had proposed opening the Strait of Hormuz and resuming nuclear talks within a week in exchange for the lifting of the naval blockade. Meanwhile, silver continued to trade around the $61 mark.

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