Gold Rate Today: Gold falls for third session as oil prices rise, US inflation data in focus

Gold prices fell for a third consecutive session on Wednesday as rising oil prices and caution ahead of US inflation data weighed on the market.

Spot gold declined 0.4% to $4,140.33 per ounce by 1121 GMT, while US gold futures for December delivery slipped 0.3% to $4,162.80.

Investors are awaiting the US Consumer Price Index (CPI) report for clues on the Federal Reserve’s next interest rate decision.

18:26 (IST) Oct 14

Gold Rate Today: Mumbai gold closes at Rs 1,46,064; silver at Rs 2,13,822/kg

Mumbai bullion market closing rates on Wednesday showed pure gold (99.9% purity) at Rs 1,46,064 and standard gold (99.5% purity) at Rs 1,45,479.

Silver spot prices stood at Rs 2,13,822 per kilogram.

17:30 (IST) Oct 14

Global gold futures decline 0.29 per cent to $4,148.84 per ounce

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Gold futures in international markets also traded lower on Wednesday. Prices fell 0.29 per cent to $4,148.84 per ounce in New York, mirroring the weakness in domestic futures amid subdued demand

16:33 (IST) Oct 14

Muted spot demand weighs on domestic gold futures

Gold prices declined in futures trade on Wednesday amid muted spot demand, with analysts attributing the fall to weaker buying interest in the physical market. The December contract on the MCX dropped 0.32 per cent to Rs 1,47,972 per 10 grams

15:37 (IST) Oct 14

MCX gold futures fall Rs 478 to Rs 1,47,972 per 10 grams

Gold futures prices declined Rs 478, or 0.32 per cent, to Rs 1,47,972 per 10 grams on the Multi Commodity Exchange (MCX) on Wednesday. The December delivery contract recorded a business turnover of 1,947 lots,

14:48 (IST) Oct 14

MCX gold falls below Rs 1.48 lakh as silver futures decline

Gold futures on the Multi Commodity Exchange fell to Rs 1,48,086 per 10 grams around noon on Wednesday, down nearly 0.25 per cent. December silver futures also declined 0.70 per cent to Rs 2,19,001 per kg as investors remained cautious ahead of US inflation data.

13:30 (IST) Oct 14

Gold prices vary across major Indian cities

Gold rates differed across Indian cities on Wednesday, with variations in 18-carat, 22-carat and 24-carat prices. Buyers should check local jewellers for the applicable rate before purchasing, as quoted prices can vary by location and exclude taxes and making charges.

12:40 (IST) Oct 14

Domestic gold prices edge lower on October 14

Gold prices in India declined on Wednesday, with the indicative 24-carat rate falling to Rs 1,49,520 per 10 grams and the 22-carat rate to Rs 1,38,670 per 10 grams, according to ET Markets. The rates exclude GST and may vary across jewellers and cities

12:04 (IST) Oct 14

MCX gold futures slip by Rs 300

Gold futures on the Multi Commodity Exchange (MCX) declined on Wednesday. The December contract fell by Rs 300 to Rs 1,48,150 per 10 grams by 10.50 am, compared with the previous close of Rs 1,48,450,

10:38 (IST) Oct 14

Chennai gold, silver rates open on October 14

Chennai’s opening bullion rates on Wednesday stood at Rs 13,590 per gram for 22-carat gold, Rs 11,165 for 18-carat gold and Rs 8,950 for 14-carat gold. Silver was quoted at Rs 245 per gram.

09:36 (IST) Oct 14

Gold remains steady ahead of US CPI data

Gold prices held steady as investors awaited US inflation data for September, which could shape Federal Reserve rate expectations and influence bullion prices.

08:09 (IST) Oct 14

Silver, platinum and palladium trade lower

Other precious metals declined during early Asian trading on Wednesday. Spot silver fell 0.5 per cent to $59.12 per ounce, platinum slipped 0.4 per cent to $1,656.08, and palladium lost 0.1 per cent to $1,124.39. Investors remained focused on US inflation data and its potential implications for interest rates.

08:09 (IST) Oct 14

IMF warns of risks to global growth and financial stability

The International Monetary Fund warned on Tuesday of significant risks to global economic growth and financial stability from a potential end to the artificial intelligence investment boom, rising debt levels and a prolonged conflict in the Middle East. These concerns added to the broader economic uncertainty confronting financial markets.

08:09 (IST) Oct 14

Fed officials signal concerns over inflation and economic growth

New York Fed President John Williams reiterated that the US central bank may need to raise interest rates again this year to bring inflation down. Meanwhile, Fed Governor Christopher Waller said the recent rise in US bond yields reflected stronger economic growth rather than increased inflation expectations, which he described as well anchored.

08:08 (IST) Oct 14

Fed rate hike expectations keep gold under pressure

Gold faced pressure from expectations of further US interest rate increases. According to the CME FedWatch Tool, markets were pricing in a 23 per cent chance of a rate hike in October and an 88 per cent probability of an increase in December. Gold, which does not pay interest, typically becomes less attractive when interest rates remain elevated.

08:08 (IST) Oct 14

Gold prices remain flat as investors await US CPI data

Gold prices were largely unchanged in early Asian trading on Wednesday as investors awaited US consumer price index data for September, which could influence expectations for the Federal Reserve’s next policy decision. Spot gold was little changed at $4,161.05 per ounce, while US gold futures rose 0.2 per cent to $4,185.