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Gold Falls Nearly Rs 2k, Silver Down 2% on MCX After Fed Rate Hike | Check City-Wise Rates

  • 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.
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Future gold contracts closed this Monday (21) in decline, despite the relief in Treasury revenues and oil prices. Investors made profits today, after three consecutive sessions of gains, making the asset remain traded in a restricted price range, with the direction of the monetary policy of the Federal Reserve (Fed, the American central bank) in focus. Exclusive material for subscribers. To have full access, access the link of the subject and re…

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Kitco NEWS broke the news on Wednesday, September 16, 2026.
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