Gold Falls Nearly Rs 2k, Silver Down 2% on MCX After Fed Rate Hike | Check City-Wise Rates
The selloff followed the Federal Reserve's first rate hike since 2023, as higher yields and a firmer dollar weighed on bullion.
- Gold and silver futures declined on Thursday following the Federal Reserve's first interest rate hike since 2023, with COMEX gold falling 0.76 per cent to approximately $4,320.1 per troy ounce.
- Rising interest rates have pressured precious metals by increasing the appeal of interest-bearing assets, while The Bank of England monitors potential rate adjustments amid surging energy prices.
- Commodity & Currency Analyst Aamir Makda of Choice Broking stated that if prices break below support levels, further downside momentum is likely, though spot gold rose around 0.5% to $4,290 after three straight days of losses.
- President Donald Trump indicated Thursday the U.S. is "hopefully toward the end" of its conflict with Iran following the disintegration of a 60-day armistice initially arranged in mid-June 2026 to protect maritime corridors.
- Secretary-General Antonio Guterres called for urgent diplomacy across the Middle East as fighting escalates into Yemen, involving Saudi and Houthi forces, prompting investors to seek gold as a safe haven amid geopolitical turbulence.
19 Articles
19 Articles
Gold falls nearly Rs 2k, silver down 2% on MCX after Fed rate hike | Check city-wise rates
Gold price has resumed gapped down by -1.50 per cent at 150,541 in today’s session after a rate hike announcement by the Fed Reserve yesterday and signalled further tight policy to aim for the inflation target of 2 per cent.
Gold Rate Today, September 17: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
Today's 18, 22 and 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi: The gold price in India today stands at Rs 15,284 per gram for 24 carat gold, Rs 14,010 per gram for 22 carat gold and Rs 11,463 per gram for 18 carat gold, as per Good Returns.
Gold Rate Today, September 17, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities
Gold rate in India held firm on Thursday, September 17, 2026, as investors continued tracking global economic signals, inflation data and expectations around interest rate moves by major central banks. Scroll down to check the gold rate today, September 17, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad. Gold Rate Today, September 17, 2026: Check 22K an…
Gold, silver prices today, 17 September: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices remained volatile on September 17 after the US Federal Reserve raised interest rates by 25 basis points, with global bullion prices recovering after the previous session’s fall. Check the latest gold and silver rates in Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad and Chennai.
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