Gold, silver prices slip ahead of US Fed decision, Israel election results - Business Standard

AI desk brief

Gold and silver slipped ahead of the US Federal Reserve decision, with traders focused on whether the Fed signals a possible December rate hike. Comex gold was near $4,060/oz and silver near $54.15/oz, while MCX gold was around ₹1,43,650/10g and MCX silver around ₹1,95,650/kg.

The MCX December gold contract opened ₹271 lower at ₹1,43,867/10g versus the prior close of ₹1,44,138 and was last down ₹462 at ₹1,43,676. The combination of a hawkish policy-risk setup and geopolitical uncertainty around Israel elections is keeping near-term tone cautious for metals.