NewsSignals AI analysis·CNBC TV18·Oct 29, 2026

Gold, silver prices fall on MCX: Why precious metals are under pressure today

Grade Bbearish AI signal$XAU$XAG

Gold and silver prices fell on India’s MCX as uncertainty over the Federal Reserve’s rate outlook kept precious metals under pressure, with silver suffering the steeper decline. December gold futures dropped 0.28% to ₹1.43 lakh per 10 grams, while December silver futures slid 1.18% to ₹1.92 lakh per kg after the Fed held rates at 3.75%-4.00% and two officials favoured a hike. Upcoming US PCE inflation data could intensify volatility in precious metals by shifting expectations for future rate decisions, Treasury yields and the US dollar.

Bullish strength: 20/100

Consumer interest in gold and silver bars and coins is expected to remain resilient during the festive and wedding seasons.

Bearish strength: 80/100

MCX December gold futures fell 0.28%.
MCX December silver futures fell 1.18%, underperforming gold.
Two Fed officials favoured an interest rate increase, keeping further monetary tightening in focus.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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