Gold falls Rs 3,214 on MCX as oil rally fuels rate-hike bets
Gold futures on MCX fell Rs 3,214 per 10 grams and silver dropped Rs 6,661/kg as rising oil prices revived inflation concerns and expectations of further US rate hikes.
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Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold futures on MCX fell Rs 3,214 per 10 grams and silver dropped Rs 6,661/kg as rising oil prices revived inflation concerns and expectations of further US rate hikes.
Gold recorded its fourth down week in five, settling at 4321 amid ongoing war and rising interest rates. The metal sits just above a key parabolic trend flip level at 4190.
Baanganga Gold & Diamond has filed its DRHP for a ₹720 crore IPO, comprising a fresh issue of ₹540 crore and an OFS of ₹180 crore. Proceeds will fund working capital.
Gold held firm near $4,280 on Friday, recovering from a two-day decline as lower oil prices and a softer dollar countered pressure from elevated Treasury yields and Fed tightening bets.
Gold prices edged higher on Friday but are set for a weekly decline of 2.1% as rising US Treasury yields and expectations of further Federal Reserve rate increases dampened investor appetite.
Gold has fallen almost a quarter from its January high as US Treasury real yields rise. The metal is competing with bonds that now pay more above inflation, and the trend may continue until the Fed stops raising its rate forecasts.
MCX gold dropped ₹3,500 per 10 grams this week, erasing recent gains, after US Treasury yields touched 19-year peaks and the Federal Reserve signalled further rate increases.
China imported more than 1,100 tonnes of gold in the first eight months of 2026, the highest level since at least 2017. Strong investment demand and a robust yuan drove the surge.
Sego Resources has completed a 3D IP survey at its Miner Mountain project in British Columbia, identifying deep chargeability anomalies beneath the Cuba and South Gold zones ahead of a planned fall-winter drilling programme.