Gold and Silver Prices Tumble Following US Rate Hike, Offering Relief Ahead of Festive Shopping Precious metal prices softened across domestic and international markets after the US central bank raised interest rates by 25 basis points. Here are today's updated gold and silver rates across major Indian cities. Shoppers preparing for the festive season have received welcome news from the bullion market as prices of precious metals witnessed a notable pullback. The US central bank raised its benchmark interest rates by 25 basis points or 0.25%, strengthening the American dollar and exerting downward pressure on both gold and silver across global and domestic commodity platforms. Sharp Correction on MCX and Global Exchanges Trading on the Multi Commodity Exchange, or MCX, reflected immediate softness during early morning deals at 9 AM, where gold prices dropped by 1 percent or ₹1,545 to trade at ₹1,50,925 per 10 grams. Silver experienced an even steeper slump, falling by ₹2,386 to reach ₹2,32,400 per kilogram. International sentiment on COMEX remained equally muted following the rate announcement. Spot gold slipped 1.24% on the international exchange to touch 4,332 dollars per ounce, while silver shed 1.19% to trade at 64.145 dollars per ounce. The strengthening greenback triggered immediate profit booking among global commodity traders across overseas counters. Retail Gold Rates Across Major Indian Hubs The price correction on global bourses was mirrored across regional jewellery hubs nationwide. In Delhi, Jaipur, Lucknow, and Chandigarh, 24-carat gold hovered around ₹1,53,600 per 10 grams, while the rate for 22-carat jewelry gold was quoted at ₹1,40,810 per 10 grams. Across other key commercial centres including Mumbai, Kolkata, Chennai, Pune, and Bengaluru, 24-carat gold traded near ₹1,53,450 per 10 grams, with 22-carat gold priced at ₹1,40,660 per 10 grams. In Ahmedabad and Bhopal, retail counters priced 24-carat gold at ₹1,53,500 per 10 grams and 22-carat metal at ₹1,40,710 per 10 grams. Silver Retail Prices in Metropolitan Centres Industrial and decorative silver displayed uniform pricing across prominent metropolitan markets. In Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad, and Chennai, retail silver stood at ₹23,168 for 100 grams, while the per-kilogram rate was recorded at ₹2,31,680. Market analysts note that signals pointing toward continued restrictive monetary policy in the United States could sustain volatility across the bullion sector in the near term. What this means for you The sudden price drop provides direct financial respite to retail jewellery shoppers ahead of the festival period. • For Retail Consumers: The drop offers substantial per-unit savings on planned jewellery purchases during the festive rush. Shoppers can leverage these lower wholesale rates when negotiating making charges with local jewellers. • For Precious Metal Investors: Price consolidation creates potential accumulation windows across domestic exchanges. Due to likely near-term market swings driven by US rate policy, staggered buying is advisable over lump-sum allocation. • For Silver Buyers: Silver has undergone a drop of over ₹2,386 on futures exchanges. Retail buyers looking for coins or utensils can now secure physical silver at ₹2,31,680 per kilogram across major metros. • Across Regional Markets: Regional bullion variations persist across northern, western, and southern cities. Customers should confirm their specific city benchmark before completing major jewellery transactions. Why this happened The slump in bullion values was directly triggered by tighter monetary policy enacted by the US central bank. • Benchmark Rate Hike: The Federal Reserve raised key interest rates by 25 basis points or 0.25%. Higher yields reduce the comparative appeal of non-yielding physical assets like gold and silver. • US Dollar Strength: The monetary tightening fueled immediate demand for the greenback across global currency markets. A firmer dollar increases acquisition costs for foreign buyers, weighing heavily on worldwide bullion demand. • Exchange-Led Liquidation: Traders on COMEX and MCX unwound long positions immediately following the rate verdict. This widespread selloff dragged spot gold to 4,332 dollars and spot silver to 64.145 dollars per ounce. Questions & Answers 1. How much did the US central bank hike interest rates? The US central bank raised its benchmark interest rates by 25 basis points, equivalent to 0.25 percent. 2. How much did gold and silver decline on the MCX? On the MCX morning session, gold dropped 1 percent or ₹1,545 to ₹1,50,925 per 10 grams, while silver fell ₹2,386 to ₹2,32,400 per kilogram. 3. What is the retail price of gold in Delhi today? In Delhi, 24-carat gold is priced around ₹1,53,600 per 10 grams, while 22-carat gold stands at ₹1,40,810 per 10 grams. 4. What is the current retail rate for silver across major metros? In major metros like Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad, and Chennai, silver is trading at ₹2,31,680 per kilogram and ₹23,168 per 100 grams. 5. At what levels are gold and silver trading internationally? On COMEX, gold fell 1.24 percent to 4,332 dollars per ounce, while silver dropped 1.19 percent to 64.145 dollars per ounce. https://trendkia.com/en/business/us-byaja-daren-barhate-hi-lurhake-gold-aura-silver-tyohari-mausama-men-kharidaron-ko-mili-rahata-36607 TrendKia — Har trend, sabse pehle.