Gold and Silver Price Eased From Their Record Highs in Futures Trade on Wednsday as Traders Booked Profits at Elevated Levels, Dragging Both Precious Metals Into Negative Territory Ahed of the keeenly Awaited Us Federal Reserve Monetary Policy Outcome.
On the Multi Commodity Exchange (MCX), Gold Futures for October Delivery Fell ₹ 259 or 0.24 per cent to ₹ 1,09,897 per 10 grams, as investors trying Lifetime high of ₹ 1,10,666 per 10 grams on tuesday.
Similarly, the December Contract for Gold Futures Declined ₹ 232 or 0.21 per cent to ₹ 1,10,953 per 10 grams after scaling a record peak of ₹ 111,703 Per 10 Grams In the Previous Session.
Silver too retreated from its peak, with profit-taking weight on Sentiment.
The White Metal Futures for December Deleivery Dropped ₹ 1,267 or Nearly 1 per cent to ₹ 1,27,553 per kilogram. The March Next Year Contract for Silver Futures also declined ₹ 1,169 or 0.9 per cent to ₹ 1,29,160 per kg on the McX.
“After Hitting Record Highs in the Domestic Market, Investors Booked Profit at Higher Levels, which weighed on Sentimen, Leading BOTH METALS to TRADE in the Red as TRADER TURNED CAUDEAD COS AHEAD OS AHEAD OS Reserve Meeting, “Said Rahul Kalantri, Vice-Prescent of Commodities at Mehta Equites Ltd.
He added that the dollar index and the US 10-Year treasury yields slipped amid strength in the euro and expectations of multiple fed rate cuts, supporting bullion price. However, a firm rupee capted the UPSIDE in the domestic markets.
In the International Markets, Gold and Silver Futures Witnessed A Pullback after Hitting Lifetime Highs, with traders stating cautious ahead of the fed’s policy decision.
Gold Futures for December Delivery Were Quoted 0.19 per cent lower at $ 3,718.10 per oounce after scaling a fresh peak of $ 3,739.90 per OUNECE on TuesDay.
Silver Futures Fell 1.20 per cent to $ 42.40 per oounce. In the previous session, it had a 14-yar high of $ 43.43 per oounce.
Manav Modi, Research Analyst -Precious Metal, Motilal Oswal Financial Services, Said, “Investors Will Closely Monitor The Federal Reserve’s Policy Meeting Scheduled Later Tonight, WHERED REATED Cut of 25 Basis Points Could Be Announced. Market. ”
Meanwhile, the US and China Meet Are Showing Some Optimism Regarding Possible First Steps TAKEN TOWARDS The Trade Deal Between The Two Major Economies. Along with the fed meeting, the bank of england and the bank of Japan’s policy meeting this week will also be under the radar for the investors, Modi Added.
Published on September 17, 2025