Gold, silver open weak after Fed keeps rates unchanged, prices volatile - Business Standard

AI desk brief

Gold and silver were volatile and opened weak after the Federal Reserve left rates unchanged, with two officials dissenting in favor of a 25bp hike and reinforcing expectations of a possible December move. Comex gold was trading near $4,050/oz and silver near $53.30/oz, while MCX gold hovered around ₹1,43,600/10g and silver around ₹1,93,250/kg.

MCX December gold opened ₹37 lower at ₹1,43,668/10g versus the previous close of ₹1,43,705, and was later down ₹108 at ₹1,43,597/10g. The article frames the pullback as a rate-driven reaction rather than a demand/supply shock.