Gold prices just 'sank'—is your jewelry investment safe or is now the time to buy?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold prices fell below Rs 1.4 lakh per 10 grams on MCX as the dollar climbed to a 19-month high.
- ✓Silver futures for December 2026 dropped by Rs 2,320 to Rs 1,82,205 per kg.
- ✓Investors now expect a Federal Reserve rate hike next month, which reduced the appeal of bullion.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Gold and silver prices dropped in the domestic market as the dollar climbed to a 19-month high while investors continued to increase expectations of a rate increase by the Federal Reserve next month, exerting pressure on the precious metals.
In the domestic market, MCX silver futures for December 2026 delivery dropped around 1.3% or by Rs 2,320 to Rs 1,82,205 per kg. Gold futures for December 2026 delivery fell by Rs 635 to Rs 1,39,081 per 10 grams.
In the international market, gold prices dropped to a more than one-week low after stronger-than-expected US inflation data and hawkish remarks from Federal Reserve officials boosted the US dollar and triggered further expectations of an interest-rate hike next month. Spot gold fell 0.2% to $3,981.49 per ounce, after touching its lowest level since November 4 earlier.
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The Economic Times
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