Fluctuations in gold and silver prices continue following the Federal Reserve's interest rate decisions. However, experts predict a potential sharp surge in gold and silver prices ahead. They also claim that by Diwali, gold could shatter all previous records and cross the ₹1.80 lakh per 10 grams mark. Given this, it is crucial to examine the prices on this first trading day of the week.

**What are the prices in the international market? ****
On the first trading day of the week—Monday, September 21—prices for both gold and silver were seen falling in the international market (Comex). According to Comex data, at the time of writing, gold had dropped by 0.53%, with the price reaching $4,401.30 per ounce. Meanwhile, silver prices fell by 0.48%, trading at $66.825 per ounce.

**What is the situation in the domestic market?**
Prices for both gold and silver have also declined in the domestic bullion market. On the MCX, gold was seen trading at around ₹1.53 lakh per 10 grams. Silver prices, meanwhile, fell to trade at approximately ₹2.40 lakh per kilogram.

**What are the prices on the MCX?**
On the Multi Commodity Exchange (MCX), at the time of writing, gold for October delivery fell by ₹670, trading at ₹1,53,740 per 10 grams. Silver dropped by ₹1,000, reaching a price of ₹2,40,868 per kilogram.

**Latest rates in the bullion market**
Gold prices in India fell right at the market opening today, September 21. Amid this, 24-carat gold is trading at around ₹1,53,530 per 10 grams, while 22-carat gold remains steady at approximately ₹1,41,653 per 10 grams. Meanwhile, 18-carat gold is trending near ₹1,15,898 per 10 grams. Silver prices in India were seen trading at approximately ₹2,40,640 per kilogram.

Amidst this decline, a crucial point to note is Jefferies' prediction that gold could surpass $10,000 per ounce in the coming months; in Indian currency terms, this translates to ₹3.08 lakh per 10 grams. From this, one can easily gauge how gold prices could skyrocket following these fluctuations.

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