Settled
Verified
Spot gold falls about 1% below $4,120 an ounce, silver drops nearly 2%
In short
Spot gold and silver prices fell on Oct 7, 2026, according to short market updates from three Chinese business outlets. CLS first reported spot gold down 0.93% at $4,124.89 an ounce and spot silver down 1.60% at $60.35 an ounce, figures Jiemian repeated. By 17:58 local time gold was quoted at $4,117.98 an ounce, down 1.10%, and silver at $60.13, down 1.96%. No document gave a reason for the declines.
Why it matters
Spot gold and silver are globally traded benchmarks quoted in dollars, so moves of about 1% to 2% are watched by investors and traders well beyond China. The documents, however, offer only the price moves and no explanation, so the cause and any wider market impact remain unstated.
Key facts
- CLS reported spot gold down 0.93% at $4,124.89 an ounce at 16:52 local time. [ 1 ]
- At the same time spot silver was quoted down 1.60% at $60.35 an ounce. [ 1 , 3 ]
- Yicai reported spot gold fell below $4,120 an ounce. [ 2 ]
- A later CLS update put spot gold at $4,117.98 an ounce, down 1.10%, and spot silver at $60.13, down 1.96%. [ 4 , 5 ]
- Jiemian published the same price figures as CLS in both of its updates. [ 3 , 5 ]
Confirmed by several sources
- Spot gold fell about 1% on Oct 7, 2026, quoted at $4,124.89 an ounce (-0.93%) in early reports and $4,117.98 (-1.10%) later. [ 1 , 3 , 4 , 5 ]
- Spot silver fell over the session, quoted at $60.35 an ounce (-1.60%) and later at $60.13 (-1.96%). [ 1 , 3 , 4 , 5 ]
- Spot gold fell below $4,120 an ounce during the session. [ 2 , 4 , 5 ]
Still unclear
- Why gold and silver prices declined. None of the documents gives a reason for the moves.
- Whether the declines continued after 18:22 local time. The latest document was published at 18:22 and no later prices are provided.
What local media are saying
Timeline, local time
- CLS reports spot gold down 0.93% at $4,124.89 an ounce and spot silver down 1.60% at $60.35 an ounce. [ 1 ]
- Yicai reports spot gold has fallen below $4,120 an ounce. [ 2 ]
- Jiemian publishes the same gold and silver figures as CLS's 16:52 update. [ 3 ]
- CLS reports spot gold at $4,117.98 an ounce, down 1.10%, and spot silver at $60.13, down 1.96%. [ 4 ]
- Jiemian repeats the $4,117.98 gold and $60.13 silver quotes. [ 5 ]