Gold, Silver Rate Today, Oct 21: Check City-wise 24K, 22K Precious Metal & 999 Silver Price in Delhi, Mumbai, Kolkata - APAC Media

AI desk brief

Gold extended its decline for a fourth straight session, with spot down 0.2% to $4,118.18/oz and December COMEX gold off 0.2% to $4,136.20/oz. Silver underperformed, sliding 0.9% to $57.44/oz, while MCX gold and silver futures in India were also lower, down 0.40% and 0.94% respectively.

The selloff is being driven by rising oil prices, inflation concerns and uncertainty ahead of the Fed’s Oct. 27–28 policy meeting, with tighter policy expectations lifting the opportunity cost of holding bullion. A stabilizing US dollar is also capping demand, and the market is now watching upcoming US PCE inflation data for the next catalyst.