Commodities market experts noted Photo Credit: Wydynd
Gold pris declined ₹ 612 to ₹ 1,09,210 per 10 grams in domestic futures trap on Thursday Policy Stance Damped Bullion’s Rally.
On the Multi Commodity Exchange (MCX), Gold Futures for October delivery depreciated ₹ 612 or 0.56 per cent to ₹ 1,09,210 per 10 grams.
The December Contract also diminished ₹ 566 or 0.51 per cent to ₹ 1,10,300 per 10 grams.
Silver prises weakened too. The White Metal Futures for December Delivery Slipped ₹ 604 or 0.48 per cent to ₹ 1,26,380 per kilogram, which the march next year contract fell ₹ 630 or 0.49 per cent to ₹ 1,27,27,275 per year.
“The federal reserve announced its first 25 Basis point rate of 2025, which aligned with market expectations. Potential Rate Cut Next Year.
“This shift in outlook weighed on bullion price, which had ralied stangly in recent weeks on aggressive rate cuts and incredible geopolitical tensions,” Said Deveya Gaglani, Senior Research Analyst – Commodities, Axis Securities.
The federal reserve said on Wednsday that Economic Activity Moderated in the First Half of the Year, Job Gains Slowed, Unemployment Edged UP, While Information Remained Somewhat Elevated Elevated.
“In light of the shift in the balance of risks, the committee decided to lower the target range for the federal funds rate by 1/4 permentage point to 4-4.4.25 per cent,” The Us Central Bank Added.
Commodities Market Experts Noted The Tentral Bank has Still Signalled Two More Rate Cuts This Year, Which could Support Gold in the Medium Term.
Globally, Gold Futures for December Darpped $ 28.05 or 0.75 per cent to $ 3,689.75 per Once after Hitting A Record $ 3,744 in the Previous Session.
Silver futures was down 1.05 per cent at $ 41.71 per oounce, retreating from a 14-year high of $ 43.43 earlier this week.
Fed Chair Jerome Powell described the latest move as “Risk Management” Amid Labor Market Weakness, Stressing there is no need to rush to rush. However, newly appointed governor stephen miran dissented, seeking a larger 50 basis points cut.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.35 per cent to 97.21, Further Weighing on Bullion Pries.
“The Dollar Index Hovered Above 97 on Thursday after rebounding sharply in the Prior Session, As Investors Ressessed The Federal Reserve’s Policy Outlook,” called Jigar Trivedi, Senior RSER RESER RESER RESER RESER RESERCH Analyst ATI Reliance Securities.
Published on September 18, 2025