Gold rises ₹1,291 amid Fed rate-hike concerns, silver jumps ₹3,667 - Business Standard

AI desk brief

Gold and silver opened higher on September 16, but the move comes against a backdrop of Fed rate-hike concerns that could cap further upside. The article cites gold near $4,375/oz on Comex and silver near $65/oz, while MCX October gold opened ₹1,291 higher at ₹1,52,100/10g before trading near ₹1,51,785; silver futures were around ₹2,35,200/kg.

Near-term tone is cautious: investors are awaiting the Fed decision, and a widely expected 25 bp hike is flagged as a potential headwind for both metals.