Skip to footer

business

Gold prices fall for fourth straight session on inflation concerns

Gold prices fell for a fourth straight session as rising oil prices fuelled inflation concerns.

Updated 2 min read

Published by Agyata NewsroomEditorial policyCorrections

Archived — last updated

Key points

  • Spot gold declined 0.2% to $4,118.18 per ounce, while US gold futures for December delivery fell 0.2% to $4,136.20.
  • Markets are pricing in a 16% chance of a rate hike at the Fed's October 27–28 meeting, with December around 90%.
  • MCX gold futures were trading 0.40% lower at ₹1,45,939 per 10 grams on October 21.

Why it matters. Higher interest rates typically weigh on gold prices by increasing the opportunity cost of holding the non-interest-bearing metal, so the Fed meeting and PCE data could shape bullion demand.

Updated Sources: Mint, Economic Times, The Hindu, Times of India

Gold prices fell for a fourth consecutive session on Wednesday as rising oil prices fuelled inflation concerns, according to Reuters. Spot gold declined 0.2% to $4,118.18 per ounce, while US gold futures for December delivery fell 0.2% to $4,136.20. Investors are awaiting next week's US Federal Reserve policy meeting and US PCE inflation data, Reuters reported. In India, MCX gold futures were trading 0.40% lower at ₹1,45,939 per 10 grams on October 21.

Latest updates

Gold prices fall for fourth straight session on inflation concerns

Gold prices fell for a fourth consecutive session on Wednesday, October 21, as rising oil prices fuelled concerns over inflation. Investors are also awaiting next week's US Federal Reserve policy meeting for clues on the interest rate trajectory. The decline was reflected across 24K and 22K gold retail rates in Delhi, Mumbai, Kolkata and other major Indian cities, as well as in MCX gold and silver futures. Silver prices also tracked the downward movement. Market participants are watching crude oil prices and the dollar index for further direction.

MintEconomic Times

Indian stock markets rebound as crude oil prices drop sharply

India’s benchmark stock indices rebounded in early trade on Monday, July 27, 2026, following a sharp decline in crude oil prices. The BSE Sensex rose 566 points to 76,608.66, while the NSE Nifty gained 153.60 points to 23,923.30. The rally was driven by easing tensions in West Asia, which reduced oil price volatility. Market analysts attributed the rebound to improved investor sentiment amid falling crude prices.

The Hindu

Gold, Silver Prices Rise as Dollar, Crude Oil Drop

Gold and silver prices rose sharply in the domestic futures market, with MCX gold August contract rising 0.50% to ₹1,43,784 per 10 grams and MCX silver September futures jumping more than 1% to ₹2,24,550 per kg. The rise in prices is attributed to a decline in the US dollar and crude oil prices, which has made gold and silver more attractive to investors. This is a positive sign for the economy, and investors are hoping that this trend will continue.

MintTimes of India

Sources

AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.

Topics