Crash! Gold price suffers worst October in years: Did silver and platinum suffer too? Check monthly performance - Livemint

AI desk brief

Gold fell below $3,900/oz on Oct. 30 and posted a 7.23% monthly loss in October, while silver and platinum were hit harder as the precious-metals complex sold off on expectations of higher-for-longer US rates, inflation concerns and volatile energy prices. Silver was the worst performer, down 19.17% for the month and briefly below $50/oz for the first time since November 2025; platinum dropped 16.65% and slipped under $1,500/oz, its weakest since September 2025.

The gold-silver ratio climbed to its highest since December, underscoring silver’s relative vulnerability versus gold. Saxo Bank’s Ole Hansen said the divergence shows gold continues to attract demand from investors less sensitive to interest-rate developments.