Gold futures on MCX fell to around ₹1.41 lakh per 10 gm and silver to ₹1.86 lakh per kg as persistent US inflation concerns fuelled expectations of tighter monetary policy
The Federal Reserve is widely expected to leave interest rates unchanged. However, traders will closely watch for signals on the possibility of a rate increase in December
MCX December gold futures fell to ₹1,42,806 per 10 grams and silver to ₹1,94,700 per kg on Tuesday, as investors awaited the US Federal Reserve's policy decision
However, gold was still trading near a three-month low, while silver remained below ₹2 lakh per kg
Gold and silver are expected to face fresh headwinds next week as surging crude oil prices revive inflation concerns, while the US Federal Reserve's policy decision could determine whether bullion rates stabilise or extend their downward trend, analysts said. The precious metals, already battered by elevated bond yields and a stronger dollar, will look to the Federal Reserve's October 27-28 meeting and its chair's commentary for signals on whether interest rates could stay higher for longer. The focus will also be on policy decisions from the European Central Bank and the Bank of Japan, along with US durable goods orders, consumer confidence, Personal Consumption Expenditures inflation and third-quarter GDP data. Eurozone inflation readings, developments around the US mid-term elections, Russia-Ukraine peace talks and the West Asia conflict will also remain on the radar, they added. "The near-term outlook remains cautious, with gold likely to remain under pressure until there is ..
Earnings of small-cap companies in the current financial year (FY27) may grow at a 30 per cent rate compared to the mid-teens for large caps, said Mayur Patel of 360 ONE Asset.
Gold and silver were trading weak in early trade after recording sharp losses in the previous session
In the global market, gold futures on Comex were trading near $4,140 per ounce, while silver was trading near $57.60 per ounce
In the global market, gold futures on Comex were trading near $4,190 per ounce, while silver was trading near $59.50 per ounce
In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $60.50 per ounce
Gold futures on Comex were trading near $4,230 per ounce, while silver was trading near $61.30 per ounce
In the global market, gold futures on Comex were trading near $4,165 per ounce, while silver was trading near $60 per ounce
In the global market, gold futures on Comex were trading near $4,150 per ounce, while silver was trading near $61 per ounce
On the MCX, the benchmark December gold contract opened ₹807 higher at ₹1,51,197 per 10 gram
Gold and silver futures opened higher on MCX and Comex as easing crude oil prices and shifting US rate expectations provided some support to bullion
In the global market, gold futures on Comex were trading near $4,160 per ounce, while silver slipped to around $61 per ounce
In the global market, gold futures on Comex fell to around $4,230 per ounce, touching a seven-week low, while silver slipped below $62.50 per ounce
In the global market, gold futures on Comex were trading near $4,310 per ounce, while silver was trading near $64.35 per ounce
Silver futures opened higher on Wednesday, September 23, while gold traded with modest losses in the domestic market
In the global market, gold futures on Comex were trading at around $4,385 per ounce, while silver was trading near $66.60 per ounce