Tag: precious metals

  • Gold Prices Tumble Nearly 4% Amid Strong Dollar and Climbing US Yields

    Gold Prices Tumble Nearly 4% Amid Strong Dollar and Climbing US Yields

    Gold Prices Tumble Nearly 4% Amid Strong Dollar and Climbing US Yields

    Spot gold prices fell sharply on Monday, extending their decline to a seven-week low as higher crude oil prices fueled inflation concerns. The metal also came under pressure from a stronger US dollar and rising Treasury yields.

    According to Reuters data reported by The Times of India, spot gold fell by 3.8% to USD 4,121.6 per ounce, touching its lowest level since August 5. US gold futures also declined 3.9% to USD 4,153.7.

    Oil Prices Raise Inflation Concerns

    A sharp rise in crude oil prices has changed expectations around US monetary policy. Higher energy costs can add to inflation pressures and make it harder for the Federal Reserve to ease policy. Oil prices rose after developments surrounding the conflict involving Iran and the Strait of Hormuz.

    Jim Wyckoff, a market analyst at American Gold Exchange, said, “Sharply higher crude prices could point to more persistent inflation and tighter Federal Reserve policy. The US dollar also strengthened, making gold more expensive for buyers holding other currencies.”

    The dollar index rose to a two-month high on Tuesday and was heading for its strongest monthly performance since June. A stronger dollar typically weighs on dollar-denominated commodities because it raises their effective cost for international buyers.

    Market Outlook

    Higher US Treasury yields added another layer of pressure on gold. Rising yields increase the opportunity cost of holding assets such as gold, which does not generate regular interest income. US Treasury yields have climbed as markets reassess the outlook for Federal Reserve policy. Traders are increasingly pricing in another rate increase later this year, with expectations also shaped by upcoming US inflation and employment data.

    The combination of a strong dollar, rising yields, and inflation concerns suggests continued headwinds for gold prices in the near term.

  • Gold Remains Elevated: MCX Trades at ₹1,51,360, Brent Crude at $102.13

    Gold Remains Elevated: MCX Trades at ₹1,51,360, Brent Crude at $102.13

    Gold prices remained at elevated levels on September 24, 2026. In India, 24-karat gold was quoted at ₹15,421 per gram, while 22K and 18K rates stood at ₹14,136 and ₹11,566, respectively. US gold rates also stayed high, with spot prices above $4,000 per ounce.

    Gold prices held firm on Thursday, September 24, although rates edged slightly lower after a recent rally. Investors are closely monitoring global inflation signals, interest-rate expectations, and developments in energy markets. In India, the latest retail rates show only a marginal increase from the previous session for major gold purities, while international prices remain above the $4,000-per-ounce mark. Rates can vary between jewelers and locations; the figures quoted below are indicative.

    Gold Rate in Indian Market Today

    24-carat gold is priced at ₹15,421 per gram in India on September 24. The rate for 22-carat gold stands at ₹14,136 per gram, while 18-carat gold is available at ₹11,566 per gram. On a 10-gram basis, the corresponding prices are ₹1,54,210 for 24K, ₹1,41,360 for 22K, and ₹1,15,660 for 18K gold. The latest rates represent a marginal increase of ₹1 per gram across the three purities compared with the previous day’s quoted rates.

    MCX gold futures traded lower in early activity. The October contract was around ₹1,51,360 per 10 grams, down 0.89% from the previous close at the time of the latest available update. Retail prices do not include GST, TCS, making charges, and other applicable levies, meaning the final amount paid by consumers can be higher.

    Gold Rate in the USA Today

    In the US, 24K gold is priced at $141.50 per gram, 22K gold at $136.50 per gram, and 18K gold at $111.70 per gram. All three rates were lower than the previous day’s levels. Meanwhile, the international spot market hovered around $4,285–$4,290 per troy ounce in early trading on September 24. The previous day’s close was around $4,283, according to live market data.

    Also Read: Uday Kotak Warns India’s Gold Import Bill May Hit $90 Billion in FY27, Seeks Panel

    Key Takeaways for Gold Buyers

    Gold continues to trade at historically high levels despite short-term fluctuations. In India, 24K gold remains above ₹15,000 per gram, while international spot gold is holding above $4,000 an ounce. For buyers, the quoted retail rates should be treated as a reference rather than the final purchase price. Jewelry bills will also reflect purity, making charges, GST, and other applicable costs. Global movements in the dollar, interest-rate expectations, inflation, and geopolitical developments will remain important factors for gold prices in the coming sessions.

  • Gold Price Update: MCX Gold Holds Steady at Rs. 1,53,171 as Oil Prices Decline, Brent at $101.6

    Gold Price Update: MCX Gold Holds Steady at Rs. 1,53,171 as Oil Prices Decline, Brent at $101.6

    Gold traded flat on MCX on September 22 amid a continued decline in oil prices over the past few sessions, which reduced expectations of further interest-rate hikes by the Federal Reserve. October gold futures rose 0.05% to Rs. 1,53,171 per 10 grams, while September silver futures advanced 0.13% to Rs. 2,39,620.

    Meanwhile, Brent crude futures rose 1.25% to USD 101.6 per barrel. US West Texas Intermediate (WTI) edged higher by 0.96% to USD 93.26 per barrel.

    Domestic Gold Prices

    24K gold rose by Rs. 17 to Rs. 1,54,750 per 10 grams, while 22K gold also advanced by Rs. 15 to Rs. 1,41,850. By city, Mumbai and Kolkata mirrored prices at Rs. 1,54,750, while Delhi was at Rs. 1,54,900 and Chennai at Rs. 1,54,750.

    US Gold Prices

    US gold prices struggled for momentum on Tuesday as expectations of interest rates staying higher for longer weighed on sentiment, with investors awaiting comments from US Federal Reserve officials for policy clues. Spot gold declined 0.08% at USD 4,340.26 per ounce. US gold futures fell 0.18% at USD 4,376.20. Spot silver fell by 0.12% to USD 65.95 per ounce while platinum dipped 0.81% to USD 1,789.83 and palladium declined 0.94% at USD 1,295.78 per ounce.

    Key Levels to Watch

    With US economic data limited this week, investors will focus on comments from Fed officials for signs of whether the central bank is leaning toward another rate increase in October, as well as on crude oil prices, said Chris Weston, head of research at Pepperstone.

    “While crude has come modestly off its recent highs, a reversal higher that builds inflation expectations would only intensify the rates story, and gold would likely continue to face headwinds,” said Weston.

    XAU/USD traded around USD 4,340 on the daily chart, holding just above the medium-term moving averages. The 50-day simple moving average (SMA) at USD 4,300 and the 100-day SMA at USD 4,320 sit below price and suggest underlying trend support, while USD 4,400 acts as immediate resistance. The ongoing test of the rising support trendline around USD 4,340 keeps the broader uptrend intact, and a neutral near-term bias is supported by the Relative Strength Index (RSI) hovering close to the 50 line at 48.5.

    On the topside, immediate resistance emerges at USD 4,400, with a more significant barrier at the 200-day SMA around USD 4,542. On the downside, support clustered around USD 4,340 is the first level to watch; a daily close below it would expose USD 4,320.

  • MCX Gold Holds Steady at Rs.1,52,795 as Oil Prices Decline and Fed Rate Outlook Shifts

    MCX Gold Holds Steady at Rs.1,52,795 as Oil Prices Decline and Fed Rate Outlook Shifts

    Market Overview

    On September 23, MCX gold futures traded slightly higher, with October contracts rising 0.05% to Rs.1,52,795 per 10 grams. This modest gain came as oil prices continued their decline, reducing expectations of further interest-rate hikes by the Federal Reserve. September silver futures also advanced 0.47% to Rs.2,41,025.

    Oil Price Movement

    Brent crude futures fell 1.10% to USD98.16 per barrel, while US West Texas Intermediate (WTI) edged lower by 1.67% to USD89.01 per barrel.

    Domestic Gold Prices

    In India, 24K gold rose by Rs.87 to Rs.1,54,200 per 10 grams, and 22K gold advanced by Rs.80 to Rs.1,41,350. By city, Mumbai and Kolkata both quoted at Rs.1,54,200, Delhi at Rs.1,54,350, and Chennai at Rs.1,54,200.

    US Gold Prices

    US gold prices fell on Tuesday under pressure from hawkish Federal Reserve signals, reinforcing expectations of higher rates for longer. Spot gold declined 0.32% to USD4,344.51 per ounce, while US gold futures rose 0.12% to USD4,381.55. Other precious metals also slipped: spot silver fell 0.49% to USD66.68 per ounce, platinum dipped 0.89% to USD1,819.12, and palladium declined 0.68% at USD1,303.40 per ounce.

    Analst Views and Key Levels

    Standard Chartered highlighted firm demand, while Goldman Sachs retained its end-2027 gold forecast at USD5,400 per ounce, noting that tighter policy may slow the rally rather than derail the longer-term trend. Goldman Sachs warned that three additional rate hikes could push gold toward USD4,070 before recovering toward USD4,200 by end-2026, supported by continued central-bank purchases.

    On the daily chart, XAU/USD trades near USD4,345, hovering between the 50-day and 100-day simple moving averages at USD4,307.31 and USD4,313.57. Immediate upside pressure is around USD4,390, making the near-term bias neutral. Downside support is seen at the short- and medium-term SMAs near USD4,313-USD4,307, ahead of the rising trend-line base near USD3,999. A daily close above USD4,390 would be required for bulls to regain control.

  • MCX Gold Edges Up 0.21% to ₹1,53,309 as Oil Prices Drop Over 1% – September 18 Update

    MCX Gold Edges Up 0.21% to ₹1,53,309 as Oil Prices Drop Over 1% – September 18 Update

    Gold traded higher on the Multi Commodity Exchange (MCX) on September 18, 2026, supported by a significant decline in crude oil prices. October gold futures rose 0.21% to ₹1,53,309 per 10 grams, while September silver futures advanced 0.55% to ₹2,39,522 per kilogram.

    The fall in oil prices was notable: Brent crude futures dropped 1.06% to $103.7 per barrel, and US West Texas Intermediate (WTI) fell 1.08% to $100.8 per barrel. Lower oil prices generally ease inflation pressures and reduce the opportunity cost of holding non-interest-bearing assets like gold, which supported the precious metal.

    Domestic Gold Prices

    In the domestic market, 24K gold rose by ₹154 to ₹1,54,420 per 10 grams, while 22K gold gained ₹145 to ₹1,41,50. Prices varied across cities: Mumbai and Kolkata recorded ₹1,54,420, Delhi at ₹1,54,570, and Chennai at ₹1,53,590.

    US Gold Prices

    Internationally, spot gold inched up 0.57% to $4,336.64 per ounce on Friday, aided by a subdued US dollar and falling oil prices. US gold futures gained 0.14% to $4,405.75 per ounce. Other precious metals also advanced: spot silver rose 1.38% to $66.11, platinum gained 1.46% to $1,798.36, and palladium climbed 2.38% to $1,313.50.

    Key Levels & Analyst Insight

    According to Ahmad Assiri, research strategist at Pepperstone, the link between gold and oil could weaken if oil corrects sharply, easing inflation and rate-hike expectations, or if extreme geopolitical tensions force global recession measures. Goldman Sachs maintained its end-2027 gold price forecast at $5,400 despite recent Fed rate increases, stating that tighter policy may slow bullion’s rally but not derail it.

    On MCX, gold has support at ₹1,51,650 and ₹1,50,500, with resistance at ₹1,53,800 and ₹1,55,000. For silver, support lies at ₹2,36,000 and ₹2,33,300, while resistance is at ₹2,40,400 and ₹2,43,000.

  • Gold Drops 1.11% on MCX After Fed Rate Hike; Brent Crude Holds Near $106

    Gold Drops 1.11% on MCX After Fed Rate Hike; Brent Crude Holds Near $106

    Gold prices on the Multi Commodity Exchange (MCX) declined sharply on September 17, following the US Federal Reserve’s decision to raise interest rates by 25 basis points to a range of 3.75%–4%. The move, driven by persistent inflation and elevated energy costs, pushed October gold futures down 1.11% to Rs. 1,50,778 per 10 grams. Silver also weakened, with September futures falling 1.19% to Rs. 2,31,982.

    Meanwhile, global crude oil benchmarks showed mixed movement. Brent crude futures edged up 0.03% to USD 105.9 per barrel, while US West Texas Intermediate (WTI) slipped 0.05% to USD 104.4 per barrel.

    Domestic Gold Prices by Purity and City

    In the Indian market, 24-karat gold dropped by Rs. 60 to Rs. 1,52,840 per 10 grams, and 22-karat gold declined by Rs. 55 to Rs. 1,40,100. Prices varied slightly across major cities:

    • Mumbai: Rs. 1,52,840
    • Kolkata: Rs. 1,52,840
    • Delhi: Rs. 1,52,990
    • Chennai: Rs. 1,52,840

    US Gold and Precious Metals Overview

    In international markets, spot gold rose more than 1% to USD 4,310.49 per ounce as investors weighed the Fed’s hawkish stance and potential for further tightening. US gold futures for December delivery were down roughly 1% at USD 4,348.70. Spot silver gained 1.4% to USD 63.83, platinum firmed 1.6% to USD 1,780.55, and palladium climbed 2% to USD 1,295.

    Key Levels and Analyst Outlook

    Kelvin Wong, senior market analyst at OANDA, noted that oil prices remain a crucial factor for gold. “If oil prices continue to decline, that could support gold prices moving higher, at least from a medium-term perspective. Until that materializes, I expect gold to remain range-bound,” he said. Wong added that the current uptick in gold is largely technical, with the Fed’s hawkish message already priced in.

    On the MCX, gold is under short covering with open interest declining 4.15% to 8,818. Support is placed at Rs. 1,51,630, with a break below opening Rs. 1,50,790, while resistance is seen at Rs. 1,53,130, above which prices could test Rs. 1,53,790.

    Internationally, gold shows a bearish near-term bias below USD 4,315–USD 4,320. This zone acts as a key pivot; above it, the metal could target the 38.2% Fibonacci level near USD 4,404 and the 23.6% retracement at USD 4,513. On the downside, immediate support is at the 61.8% Fibonacci retracement of USD 4,226, followed by the 78.6% level at USD 4,100.

  • MCX Gold Prices Rise 0.57% to Rs 1,51,670 as Oil Slips and Fed Decision Nears

    MCX Gold Prices Rise 0.57% to Rs 1,51,670 as Oil Slips and Fed Decision Nears

    Gold prices traded higher on the Multi Commodity Exchange (MCX) on Wednesday, September 16, as a modest pullback in crude oil prices and market anticipation of the US Federal Reserve’s monetary policy decision kept bullion in focus.

    October gold futures climbed 0.57% to Rs 1,51,670 per 10 grams, while September silver futures advanced 1.33% to Rs 2,35,195. The rise came even as the US dollar and bond yields firmed ahead of the Fed’s expected rate move.

    In the energy markets, Brent crude futures slipped 0.74% to USD 107.9 per barrel, while US West Texas Intermediate (WTI) eased 1.09% to USD 104.7 per barrel. According to the CME FedWatch Tool, markets are pricing in a 92.3% probability of a 25-basis-point rate hike by the Federal Reserve later today.

    Domestic Gold Prices

    In the Indian spot market, 24K gold rose by Rs 27 to Rs 1,53,440 per 10 grams, while 22K gold gained Rs 25 to Rs 1,40,650. City-wise, Mumbai and Kolkata quoted 24K gold at Rs 1,53,440, Delhi was at Rs 1,53,590, and Chennai at Rs 1,53,440.

    US Gold and Silver Prices

    Internationally, spot gold rose 0.8% to USD 4,328.39 per ounce. December-delivery US gold futures slipped 0.9% to USD 4,369.50. Meanwhile, spot silver added 1.5% to USD 64.60 per ounce, platinum edged 0.7% higher to USD 1,788.25, and palladium gained 1.6% to USD 1,309.80.

    Market Outlook and Key Levels

    Frank Walbaum, market analyst at trading platform Naga.com, noted that a hawkish Fed could pull gold lower, while softer messaging might ease rate-hike expectations and help the metal recover. He added that traders are also monitoring oil prices and developments in the Middle East.

    Key levels to watch internationally: gold has support at USD 4,310-USD 4,264 per troy ounce and resistance at USD 4,355-USD 4,400. Silver support is seen at USD 63-USD 62.20, with resistance at USD 64.40-USD 65.50 per troy ounce. On MCX, gold has support at Rs 1,50,150-Rs 1,49,400 and resistance at Rs 1,51,500-Rs 1,52,200, while silver has support at Rs 2,30,000-Rs 2,27,700 and resistance at Rs 2,34,400-Rs 2,37,000.

    Traders will now watch the Federal Reserve’s decision and commentary for near-term direction in bullion prices.

  • MCX Gold Prices Slide 0.12% to ₹1,53,950 as Oil Rises and US Inflation Data Looms

    MCX Gold Prices Slide 0.12% to ₹1,53,950 as Oil Rises and US Inflation Data Looms

    Gold futures on the Multi Commodity Exchange (MCX) edged lower on Wednesday, September 10, as market participants adopted a cautious stance ahead of key US inflation data and the Federal Reserve’s upcoming policy decision. The October gold contract fell 0.12% to ₹1,53,950 per 10 grams, while September silver futures declined 0.34% to ₹2,43,375.

    In the energy markets, Brent crude futures slipped 0.16% to $101 per barrel, while US West Texas Intermediate (WTI) edged up 0.06% to $96.11 per barrel. Rising oil prices often fuel inflation concerns, adding to the uncertainty surrounding gold’s short-term direction.

    According to the CME FedWatch Tool, markets are currently pricing in a 39.8% probability that the Fed will hold rates steady in September and a 60.2% chance of a rate hike. Higher interest rates typically weigh on gold, a non-yielding asset.

    Domestic Gold Prices

    Despite the dip in futures, spot gold prices in India moved higher. 24K gold rose by ₹120 to ₹1,55,510 per 10 grams, and 22K gold advanced by ₹110 to ₹1,42,550. Regionally, Mumbai and Kolkata quoted 24K gold at ₹1,55,510, Delhi at ₹1,55,660, and Chennai at ₹1,55,510.

    US Gold Prices

    In international markets, spot gold traded 0.3% higher at $4,412.84 per ounce, supported by a softer dollar. However, US gold futures for December delivery edged 0.1% lower to $4,457.10. Spot silver rose 0.2% to $67.42 per ounce, platinum fell 0.6% to $1,885.02, and palladium gained 0.2% to $1,355.50.

    “For now, the geopolitical developments in the Persian Gulf are of secondary importance to gold. Gold instead is teeing off on a weaker dollar, which notably is not moving up despite the fact that US rates are going higher,” said Edward Meir, analyst at Marex.

    Daniel Hynes, senior commodities strategist at ANZ, noted that gold is supported “as US fiscal pressures continue to undermine confidence in the long-term value of government debt and the currency used to finance it.”

    Key Levels to Watch

    On MCX, gold has support at ₹1,52,500 and ₹1,51,650, while resistance is seen at ₹1,54,400 and ₹1,55,500. For silver, support lies at ₹2,41,400 and ₹2,39,100, with resistance at ₹2,45,800 and ₹2,48,000.

  • MCX Gold Slips 0.14% to Rs 1,52,370 as Middle East Tensions and Fed Rate Hike Expectations Weigh

    MCX Gold Slips 0.14% to Rs 1,52,370 as Middle East Tensions and Fed Rate Hike Expectations Weigh

    Gold prices moved lower on the Multi Commodity Exchange (MCX) on September 9, pressured by rising inflationary concerns after fresh attacks on ships in the Middle East and growing expectations of a US interest rate hike. October gold futures fell 0.14% to Rs 1,52,370 per 10 grams, while September silver futures declined 0.13% to Rs 2,39,113.

    Oil Prices Edge Higher

    Brent crude futures climbed 1.46% to USD 99.35 per barrel, while US West Texas Intermediate (WTI) rose 1.30% to USD 94.24 per barrel, adding to inflation worries in global markets.

    Fed Rate Hike Expectations

    According to the CME FedWatch Tool, markets currently price in a 39.5% probability that the Federal Reserve will keep rates unchanged in September, and a 60.5% chance of a rate hike. The possibility of higher borrowing costs continues to cap gold’s upside momentum.

    Domestic Gold Prices

    In the Indian domestic market, 24K gold fell by Rs 104 to Rs 1,54,310 per 10 grams, while 22K gold declined by Rs 95 to Rs 1,41,450. City-wise, Mumbai and Kolkata quoted gold at Rs 1,54,310, Delhi at Rs 1,54,460, and Chennai at Rs 1,54,310.

    US Gold Prices and Other Metals

    In the international market, spot gold rose 0.56% to USD 4,380.01 per ounce. US gold futures for December delivery dropped 0.38% to USD 4,422.31. Spot silver gained 0.73% to USD 66.23 per ounce, platinum rose 0.78% to USD 1,833.60, and palladium firmed 0.28% to USD 1,349.50.

    Key Levels to Watch

    “Gold is range-bound because it is capped by a higher probability of raising interest rates, which continues to hinder momentum in the market,” said Daniel Pavilonis, senior market strategist at Stone X.

    Ahmad Assiri, market strategist at Pepperstone Group Ltd, noted: “A softer reading will be a relief for gold traders, as it would support the case for holding rates steady. The greater risk lies in an upside inflation surprise, which would likely strengthen the case for a hike, creating what could be massive pressure on the precious metal.”

    Internationally, gold is likely to find support at USD 4,400–USD 4,365 per troy ounce, with resistance at USD 4,474–USD 4,510. Silver support is at USD 65.80–USD 64.70, while resistance is placed at USD 68–USD 69.10 per troy ounce.

    On the MCX, gold has support at Rs 1,51,500–Rs 1,50,150 and resistance at Rs 1,53,300–Rs 1,54,100. Silver is expected to find support at Rs 2,37,700–Rs 2,35,000, with resistance at Rs 2,41,400–Rs 2,44,000.

  • MCX Gold Rises 0.77% to Rs 1,53,992 on Spot Demand, Brent Crude at $97.57

    MCX Gold Rises 0.77% to Rs 1,53,992 on Spot Demand, Brent Crude at $97.57

    Gold prices advanced on the Multi Commodity Exchange (MCX) on September 8, driven by robust spot market demand and supportive global cues. The October gold futures contract climbed 0.77% to Rs 1,53,992 per 10 grams, while silver futures for September slipped 0.96% to Rs 2,41,304 per kilogram.

    In the international oil market, Brent crude futures rose 0.59% to USD 97.57 per barrel, and US West Texas Intermediate (WTI) gained 1.64% to USD 92.98 per barrel.

    Market participants are closely watching the Federal Reserve’s next move. According to the CME FedWatch Tool, there is a 41.6% probability that the Fed will keep interest rates unchanged in September, while a 58.4% chance points to a rate hike.

    Domestic Gold Prices

    In the Indian bullion market, 24K gold rose by Rs 120 to Rs 1,55,350 per 10 grams, and 22K gold advanced by Rs 110 to Rs 1,42,400. Regional prices varied slightly: Mumbai and Kolkata quoted Rs 1,55,350, Delhi at Rs 1,55,500, and Chennai at Rs 1,55,670.

    US Gold Prices

    Gold prices in the US climbed on Tuesday as the US dollar weakened. Investors are now focused on upcoming inflation data, which could influence the Federal Reserve’s policy direction. Spot gold rose 0.6% to USD 4,429.89 per ounce, while US gold futures for December delivery traded at USD 4,475.10.

    Other precious metals also gained: spot silver added 1% to USD 66.78 per ounce, platinum rose 0.4% to USD 1,834.00, and palladium firmed 1% to USD 1,402.87.

    Key Levels to Watch

    Chris Weston, head of research at Pepperstone Group, noted that gold remains in a tug-of-war between buyers and sellers, with neither side showing enough conviction for a sustained directional move. Edward Meir of Marex added in a monthly note that gold is unlikely to fall sharply even if the central bank raises rates, emphasizing that market unease about Fed and Treasury signals matters more than the rate move itself.

    On MCX, gold faces support at Rs 1,51,750 and Rs 1,50,500, with resistance at Rs 1,53,850 and Rs 1,54,700. Silver has support at Rs 2,36,600 and Rs 2,35,000, and resistance at Rs 2,41,000 and Rs 2,44,000.