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Gold, Silver Decline up to 2 Pc on Hawkish Fed Signals Ahead of Festive Buying

Summary by bhaskarlive.in
Digital Desk | New Delhi, Oct 30 (IANS) Gold and silver traded up to 2 per cent lower on Friday amid rising expectations of a further rate hike by the US Federal Reserve. On the Multi Commodity Exchange (MCX), precious metals fell sharply with the white metal losing over Rs 4,000 per kg during the session. Gold futures (December) fell as much as 0.63 per cent or Rs 911 to hit an intraday low of Rs 1,41,685 per 10 grams. At around 12:20 pm, th…
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Gold futures prices witnessed a sharp decline, mainly due to selling pressure in the market. At 12:34 pm on October 30, 2026, the main gold futures were trading at Rs 141,660.00 per 10 grams, down by Rs 936.00 or 0.66 percent.

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Just before the festive season, gold and silver prices have seen a significant drop. On Friday, silver fell by more than ₹5,000 in a single day. Meanwhile, gold prices continued to fall. Both precious metals are also under pressure in the international market.

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New Delhi, October 30 (IANS). The trend of decline in gold and silver prices continues amid the festive season. On Friday, the last trading day of the week, pressure was seen on precious metals in both domestic and international markets. Gold and silver on MCX fell by up to Rs 3,000 due to higher than expected inflation in the US, possibility of Federal Reserve raising interest rates in December and high bond yields. Currently, consumers prepari…

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Social News XYZ broke the news on Friday, October 30, 2026.
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