Gold Drops as Rising Oil Prices Fuel Inflation Worries

Bullions News

Gold settled 0.51% lower at Rs. 146,519 as elevated oil prices intensified inflation concerns, bolstering expectations of tighter monetary policy, while a stronger US dollar and rising bond yields exerted additional pressure. Ongoing conflicts in the Middle East and Eastern Read More …

Silver Plummets to Lowest Since Early August Amidst Strong US Inflation

Bullions Updates

Silver settled sharply lower by 4.96% at Rs 208,338, influenced by stronger-than-expected US inflation data that heightened expectations of additional Federal Reserve rate hikes. In September, the year-on-year US CPI inflation increased to 3.7%, surpassing expectations of 3.6%. Additionally, monthly Read More …

Silver Dips as Investors Anticipate US Inflation Reports

Bullions Updates

Silver concluded the trading session with a decline of 1.27%, settling at Rs 222,877. This downturn was influenced by apprehensions regarding a more stringent US monetary policy, particularly in anticipation of critical consumer and producer price inflation data that may Read More …

Silver Dips as Fed Minutes Hint at Possible Rate Hike

Bullions Updates

Silver settled 1.04% lower at Rs. 221,233 as investors assessed the latest Federal Reserve meeting minutes, which reinforced expectations of further monetary tightening amid persistent inflation concerns. All 19 policymakers supported the September rate increase, while most indicated that another Read More …

Silver Gains 2.57% as Lower Yields Boost Demand

Bullions Updates

Silver settled 2.57% higher at Rs 242349, buoyed by a decline in US Treasury yields and a stabilisation in oil prices, which alleviated fears of renewed inflation and aggressive monetary tightening. Fed Governor Christopher Waller indicated that he would support Read More …

Silver Gains Before Key US Inflation Data Due To Subdued Dollar

Bullions Updates

As investors awaited U.S. inflation data and Federal Reserve Chair Kevin Warsh’s remarks for additional hints on the interest-rate outlook, silver finished 0.96% lower at Rs 244,220 amid profit taking. The U.S. Treasury buyback support plan has driven the dollar Read More …