Gold, silver prices today, 13 October: Rates flat as investors await US inflation data for Fed rate clues - Livemint

AI desk brief

Gold and silver were broadly steady in India, with domestic retail prices flat and MCX gold up 0.11% at ₹1,49,930/10g while MCX silver rose 0.16% to ₹2,23,640/kg. In global trade, spot gold slipped 0.6% to $4,170.62/oz after hitting a one-week high, and December US gold futures fell 0.5% to $4,195.10/oz as a firmer dollar and higher oil weighed on prices ahead of US inflation data and Fed commentary.

The IMF’s warning about a possible disorderly spike in bond yields, alongside Middle East and Russia-Ukraine tensions, remains a supportive macro backdrop for bullion even as near-term price action is capped by dollar strength. Traders will watch inflation prints and remarks from Fed Chair Kevin Warsh for clues on the policy path; Delhi 24K gold is up 20.78% y/y, underscoring the strong underlying trend in local prices.