Gold, silver prices fall up to 2pc as US Fed rate hike concerns weigh on bullion - Telangana Today

AI desk brief

Gold and silver sold off on the MCX as markets priced in a higher-for-longer Fed path, with December gold down as much as Rs 911 to an intraday low of Rs 1,41,685/10g and silver off up to Rs 4,282/kg to Rs 1,85,171/kg. Spot gold fell 0.7% to around $3,991/oz and spot silver lost 1.6% to $51.27/oz, highlighting broad pressure across the complex.

Traders are watching gold support at Rs 1.40-1.41 lakh/10g; a decisive break could open Rs 1.37-1.38 lakh. Silver’s next support is seen at Rs 1.83-1.85 lakh/kg. Near-term direction will hinge on the Fed outlook, the dollar, Treasury yields and crude oil, with West Asia tensions adding a potential oil/geopolitical overlay.