Gold and silver fall on MCX as US-Iran tensions and rate hikes weigh
Gold and silver snapped a two-day rally on the MCX, with gold down Rs 1,331 per 10 grams and silver down Rs 1,600 per kg amid US-Iran tensions and central bank rate hikes.
Gold Market
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Daily movements in the gold market and what is driving them.
Gold Holds Gains as Falling Oil Eases Rate Worries
Gold held near $4,350 an ounce as lower oil prices eased inflation concerns and traders weighed the Federal Reserve's rate path after its first hike since 2023.
Gold likely to stay range-bound next week as PMI data looms
Analysts expect gold to trade in a narrow range next week as markets shift focus to manufacturing and services PMI data from major economies, with the dollar and geopolitical tensions also in view.
Gold and Silver Outlook: Key Drivers for 2026 and Beyond
Central bank buying, dollar moves, crude oil, and seasonal demand are shaping the outlook for gold and silver through 2026 and beyond. Here’s what’s driving prices.
Gold Edges Higher as Oil Eases Despite Fed Rate Hike
Gold rises 0.89% to $4,379 as oil prices ease, despite a Fed rate hike that had driven the metal to a two-month low. Key resistance sits at $4,400.
Gold slips Rs 800, silver jumps Rs 1,000 on MCX as oil and dollar lend support
Gold fell Rs 800 per 10 grams on the MCX while silver gained Rs 1,000 per kg, supported by a subdued dollar and weaker crude oil prices amid global interest rate uncertainty.
Jefferies' Wood Sees Gold Heading Toward $10,000
Jefferies' Christopher Wood says gold could reach $10,000 over the long term, citing US fiscal pressures and rising Indian gold lending. He advises buying on dips toward $3,800-$4,000.
Gold and silver prices volatile on MCX as oil falls and dollar steadies
MCX gold and silver futures saw mixed moves in early trade on 18 September as a drop in crude oil prices and a steady dollar offered support, while US-Iran tensions kept caution alive.
Gold rallies over 2% as falling yields offset Fed rate hike
Gold rose more than 2% on Thursday, reaching $4,361, as a drop in oil prices pushed the US dollar and Treasury yields lower, offsetting the impact of the Fed’s latest rate hike.