# Silver drops ₹56,000 from August peak as gold slides 23,000/10g

> Precious metals fall as higher US interest rates and Middle East tensions drive selloff.
- Title: Silver drops ₹56,000 from August peak as gold slides…
- Summary: Precious metals fall as higher US interest rates and Middle East tensions drive selloff. Silver dropped ₹56,000 from August peak to ₹1,92,800/kg while gold…
- Keywords: silver, gold, us interest rates, federal reserve, middle east tensions, crude oil prices, inflation, precious metals, bond yields, market prices, news, india
- Source: mint — https://livemint.com/market/stock-market-news/silver-crashes-rs-56000-kg-from-august-peak-gold-slides-23000-10-grams-what-s-driving-the-selloff-in-precious-metals-11792763090890.html
- Author: A Ksheerasagar
- Published: 2026-10-23T14:29:42+00:00
- Read time: 1 min
- Topics: silver, gold, us interest rates, federal reserve, middle east tensions, crude oil prices, inflation, precious metals, bond yields, market prices, news, india
## Silver price drop
Silver fell ₹56,000 from its August peak to ₹1,92,800 per kg, its lowest level since December 2025.
## Gold price decline
Gold prices dropped ₹23,000 per 10 grams from August peak to ₹1,42,800, near a three-month low.
## Middle East tensions impact
Escalating Houthi attacks on Saudi targets and possible US strikes against Iran have raised oil prices to $115 per barrel.
## US inflation data
Last week’s US inflation data showed hotter-than-expected energy costs, strengthening the case for tighter Federal Reserve monetary policy.
## Federal Reserve rate expectations
Market expectations for a Fed rate hike at the October 27, 28 meeting stand at 9%, with 81% probability of a December hike.
## Investor concerns
Higher bond yields reduce the appeal of non-yielding assets like gold, pushing investors toward yield-bearing investments.
## Precious metals outlook
Gold and silver prices face further declines as the Federal Reserve’s next move remains uncertain.
## Market reaction
Investors await US PCE data on October 29 to gauge progress toward the Fed’s 2% inflation target.
## Key takeaway

Silver dropped ₹56,000 from August peak to ₹1,92,800/kg while gold fell ₹23,000/10g due to rising bond yields and Middle East conflicts.