Gold, Silver Rate Today Live Updates: Bullion slips as markets await Fed policy cues - The Times of India

AI desk brief

Gold and silver were weaker as traders positioned for the Fed’s Oct. 27-28 meeting and US PCE inflation data, with the dollar/rupee and energy-led inflation risks adding to volatility. MCX December gold closed at Rs 1.47 lakh/10g, down 2.4% over the week, while Comex December gold fell $35.20, or nearly 1%, to $4,181.10/oz; spot gold was last at $4,118.64/oz and US futures at $4,137.60.\n\nSilver underperformed, with MCX silver down 6.4% on the week to Rs 2.11 lakh/kg and Comex silver off 6.13% to $57.30/oz before some short covering emerged. Market pricing still implies an 84% chance the Fed holds rates this month and a 90% chance of a December hike, which keeps real-yield sensitivity elevated; analysts also flagged the rupee’s recent appreciation as a drag on domestic bullion and the Strait of Hormuz/Brent near $110/bbl as a potential inflationary wildcard.