Gold Prices Drop ₹1,29,400/10 gm; Silver Falls ₹4,200 Amid Fed Rate Cut Uncertainty

Gold and silver prices declined sharply on Friday, November 14, as weak global cues and uncertainty over the US Federal Reserve’s rate-cut outlook pressured bullion markets.

Gold Prices Slide by ₹1,500 in the Domestic Market

In Delhi, gold (24K, 99.9% purity) fell by ₹1,500 to ₹ 129,400 per 10 grams.
Gold of 99.5% purity also declined by ₹1,500 to ₹1,28,800 per 10 gm, compared to Thursday’s close of ₹1,30,300 per 10 gm, as per the All India Sarafa Association.

Silver Drops ₹4,200 Per Kg

Silver prices fell sharply:

• New price: ₹1,64,800 per kg

• Previous close: ₹1,69,000 per kg

• Price decline: ₹4,200

Also Read: IT Stocks Fall as Fed’s December Rate Cut Hopes Fade

Weak Overseas Trend Adds Pressure

In global markets:

• Spot gold dropped $33.58 (nearly 1%) to $4,137.88 per ounce

• Spot silver traded 0.49% lower at $52.03 per ounce

Experts attributed the decline to uncertainty over the US Fed rate cut, especially after officials indicated that the absence of new economic data may delay further rate cuts.

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, the dollar index strengthened, adding pressure on gold.

Gold & Silver Futures Decline on MCX

Gold Futures (December Contract)

• Fell 3.8% to an intraday low of ₹1,21,895 per 10 gm

• Trading 3.4% lower at ₹1,22,400 per 10 gm around 7 pm

Silver Futures (December Contract)

• Declined 4.7% to an intraday low of ₹1,54,823 per kg

• Trading 4.7% lower at ₹1,54,836 per kg around 7 pm

Fed Rate Cut Expectations Drop

Renisha Chainani, Head – Research at Augmont, said expectations for aggressive Fed rate cuts have weakened.

• The probability of a 25 bps cut in December has fallen to 50%, down from 95% in October.

• Expectations for 2026 remain unchanged.

With PTI inputs.

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