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
Comex gold traded near $4,050 an ounce and silver at $53.30, while MCX gold hovered around ₹1,43,600 per 10 grams and silver near ₹1,93,250 per kg on Thursday
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
Gold fell below $4,000 an ounce last week for the first time since July, extending its decline to about 24% since the US-Iran war began in late February
According to NSE data, Silver ETFs have crashed up to 53% from their respective 52-week highs hit in January 2026, while Gold ETFs have declined up to 26% in the same period.
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
Marathon Fusion has claimed that it converted mercury into stable gold using fusion technology, but the quantity produced, production cost and commercial viability remain unclear
Gold price outlook: Near-term resistance is at $4140/$4227; support is at $4000/$3930.
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 $4,110 per ounce, while silver was trading near $56.50 per ounce
Gold price outlook: If Brent extends rally and feeds into hotter inflation data and firmer Fed hike bets, lifting yields and the dollar, Gold could test $4,000-mark, says Kaynat Chainwala, Kotak Neo.
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 $4,200 per ounce, while silver was trading near $57.60 per ounce
Praveen Singh of Mirae Asset Sharekhan has said that spot gold is facing tremendous selling pressure on rate hike concerns as inflation continues to run hot. It is advisable to sell into rallies.
Comex gold futures rose to $4,168.10 per ounce, while silver edged up to $56.10, with gold still below its year-to-date peak of $5,586.20
Barring P N Gadgil Jewellers, all the jewellery stocks in the comparison have gained year-to-date (YTD), with Tribhovandas Bhimji Zaveri (TBZ) emerging as the top performer
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 ETF inflows rose to about ₹4,500 crore, among the highest in recent times, which reflects a steady, allocation-led approach to commodities amid global uncertainty.