Gold and silver prices fell in early trade on Monday, November 17, as investors booked profits following a sharp global rally this year and hawkish comments from the U.S. Federal Reserve officials, which tempered expectations of a December rate cut. On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 420 or 0.34%, trading at Rs 1,23,141 per 10 grams.Silver futures also eased, declining Rs 786 or 0.5% to Rs 1,55,232 per kilogram. Persistent inflation worries and signs of strength in the U.S. labour market—even after two rate cuts this year—have prompted several Fed officials to remain cautious about further monetary easing. The Fed had trimmed rates by 25 basis points last month, but Chair Jerome Powell signalled a careful approach to additional cuts, not
Gold, silver prices open lower on hawkish US Fed commentary. What should you do?
The Economy Times10 hrs ago
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