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India  Gold, Silver Prices See Sharp Decline

Bullion Prices Have Come Under Pressure As Investors Recalibrate The Outlook For Global Interest Rates and Adjust Demand Expectations Ahead Of Key U.S. Economic Data.

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Gold rates and silver rates in India crashed sharply on September 11, 2026, as investors awaited CPI inflation data of USA and India. MCX gold dropped nearly 1% to trade below Rs 1,51,600 per 10 grams mark, while MCX silver also declined 1% to struggle around Rs 2.32 lakh per 1 Kg level. This is due to global bullion market which is moving on a cautious note, coupled with rising crude oil prices and treasury yields.

Gold prices fell sharply in early trade on Friday, with benchmark futures on the MCX slipping below the Rs 1,51,000 per 10 grams level as shifting interest rate expectations weighed on the metal.

The MCX Gold October futures contract plunged to an intraday low of Rs 1,50,695 per 10 grams, down Rs 1,646, or 1.08%, from its previous close of Rs 1,52,341. By mid-morning, the contract had trimmed a portion of its losses to trade at Rs 1,51,474 per 10 grams, down Rs 867, or 0.57%.

The slide follows a session of losses on Thursday, when the October contract settled lower at Rs 1,52,341, down from Rs 1,53,763 on Sept 9.

Bullion prices have come under pressure as investors recalibrate the outlook for global interest rates and adjust demand expectations ahead of key U.S. economic data. The trajectory of the U.S. dollar and government bond yields continues to dictate near-term direction across precious metals markets.

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Senco Gold & Diamonds Brings Festive Cheer With “Dhanteras Shagun”, Offering Exclusive Savings and Rewards

The Festive Offer Features Up To ₹14,000 Off Per 10 Grams On Gold Jewellery, Up To 36% Off On Diamond Value, and Lucky Draw Prizes Including Gold Worth ₹1.20 Crore and An iPhone 18 Pro.

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As Dhanteras approaches, Senco Gold & Diamonds has announced “Dhanteras Shagun”, a special festive offer celebrating the tradition of buying gold and jewellery during this auspicious time of the year. The offer will be available across Senco Gold & Diamonds showrooms from 26 October to 8 November 2026.

Dhanteras holds special significance in Indian households, with gold purchases traditionally associated with prosperity, good fortune and new beginnings. Through this campaign, Senco Gold & Diamonds aims to make festive jewellery shopping more rewarding while offering customers an opportunity to explore its diverse collections.

As part of the offer, customers can avail up to Rs 14,000 off per 10 grams on gold jewellery and up to 36% off on natural diamond value. The offer also includes 0% deduction on old gold exchange. Customers can participate in a lucky draw featuring prizes including gold worth ₹1.20 crore and an iPhone 18 Pro. An assured gift is available on every purchase, while SBI Credit Card holders can avail an instant discount of up to ₹7,500, subject to applicable terms and conditions.

Commenting on the occasion, Suvankar Sen, CEO and Managing Director of Senco Gold Limited, said:

“Dhanteras is deeply rooted in our cultural traditions and represents prosperity, optimism and new beginnings. Gold has always held a special place in these celebrations, bringing families together across generations. With Dhanteras Shagun, we hope to make this festive occasion even more meaningful for our customers. At Senco, we believe jewellery is not just an adornment but also a part of the memories, traditions and milestones that families cherish over the years.”

Joita Sen, Director & Head of Marketing and Design, Senco Gold & Diamonds, added:

“Dhanteras is an auspicious occasion that celebrates prosperity, new beginnings and the joy of bringing home something precious. At Senco Gold & Diamonds, we aim to make every festive purchase meaningful by bringing together exquisite designs, timeless craftsmanship and attractive offers. With our special Dhanteras offers, we make this festive purchase even more rewarding, giving customers more reasons to celebrate with jewellery they will cherish for years to come.”

Senco Gold & Diamonds offers an extensive and diverse jewellery portfolio this festive season. From gold coins, a popular choice during Dhanteras, to exquisite gold and natural diamond jewellery, Senco’s expansive offerings ensure there is something for every festive celebration, gifting occasion and milestone.

Customers can visit their nearest Senco Gold & Diamonds showroom from 26 October to 8 November 2026 to avail the Dhanteras Shagun offer. Terms and conditions apply.

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