Gold rate today: COMEX price slips below $4,000/ounce; ₹1.25 lakh/10 grams in India soon amid US Fed rate hike buzz?

Detailed summary

Gold rate today: The COMEX gold price today slipped below $4,000/oz and hit an intraday low of $3,973.80 per ounce

Gold, silver rates today: Amid US Fed rate hike buzz and strong US dollar, the precious metals in the international market witnessed selling pressure during the early morning session on Thursday. The COMEX gold price today slipped below $4,000 per ounce and touched an intraday low of $3,973.80 per ounce. Likewise, the COMEx solver price today went further down and hit an intraday low of $51.160 per ounce, inching close to the 52-week low of $48.050 per ounce. Taking cue from the global markets, the MCX gold rate and MCX silver rates opened lowe.

Gold price on MCX is down by around ₹550 per 10 gm and trading around ₹1,39,000 per 10 gm, whereas silver price on MCX is down by over ₹1,700 per kg. The MCX silver rate is trading below ₹1,83,000 per kg levels. this has triggered the debate whether the gold prices in India would soon touch ₹1.25 lakh per 10 gm and silver prices in India may soon touch ₹1.50 lakh per kg.

According to market experts, gold and silver prices are under pressure due to the two major factors; renewed inflation fear triggering the US Fed rate hike buzz in December 2026 meeting and strong US dollar.

Highlighting the major reasons for falling gold prices today, Vikram Subburaj, CEO, Giottus.com, said, “Gold and silver futures are facing renewed pressure as stronger-than-expected US inflation data has strengthened expectations of further Federal Reserve tightening.”

Vikram Subburaj of Goittus.com said that inflation has raised expectations of a December rate increase. This has strengthened the dollar and reduced the appeal of precious metals.

Expecting the weakness in the gold and silver prices to continue further, Anuj Gupta, a SEBI-registered market expert, said, “Due to the long celebrations caused by the Christmas and the new year after the US Fed meeting in December, aggressive position are getting squared off and probability of new aggressive positions are very low due to the renewed US inflation.

The SEBI-registered market expert said the COMEX gold…

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