On the Multi Commodity Exchange, gold fell to approximately ₹1,43,350 per 10 grams, while silver dropped by nearly ₹2,400 to trade near ₹1,92,000 per kilogram. The downturn is heavily driven by speculation surrounding potential U.S. Federal Reserve rate hikes leading up to December 2026. This hawkish environment has lifted the U.S. dollar index to around 102, suppressing bullion demand across global markets. Analysts anticipate this slump will reverse significantly by year-end, driven by strong seasonal festival demand.
Key points
Hawkish Federal Reserve expectations and climbing U.S. yields are the primary drivers sup…: Hawkish Federal Reserve expectations and climbing U.S. yields are the primary drivers suppressing precious metal prices.
Market experts consider the ongoing price correction an advantageous entry point for shop…: Market experts consider the ongoing price correction an advantageous entry point for shoppers ahead of Dhanteras and Diwali.
PACE 360 projects gold could rebound to ₹1,60,000 per 10 grams and silver could hit ₹2,40…: PACE 360 projects gold could rebound to ₹1,60,000 per 10 grams and silver could hit ₹2,40,000 per kilogram by late December 2026.
Sources checked by our analysis pipeline: 1
Karwa Chauth Today | Gold Rate Today | Silver Rate Today: Despite the Karwa Chauth celebration, which is considered an auspicious day to buy gold and silver, precious metal prices have fallen by a sizeable margin from the previous day's closing. The MCX gold rate today is around ₹1,43,350 per 10 gm, down around ₹350 per 10 gm from the previous day's close of ₹1,43,705. Likewise, the MCX silver rate today is oscillating around ₹1,92,000 per kg, down by nearly ₹2,400 against the previous close of ₹1,94,325 per 10 gm.
According to market experts, gold and silver prices are under pressure due to the US Fed's decision to keep interest rates steady while maintaining a hawkish outlook. This has triggered US Fed rate-hike buzz ahead of the December 2026 meeting, spurring an uptick in US bond yields and the US dollar. They said that gold and silver rates are dictated by global triggers these days, and renewed inflation fears and a stable Indian rupee may also act as a taper for any bounce back in precious metals. However, they maintained…
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